Why should India's sugar exporters prefer no.4 Indonesia instead of no.1 Sudan?
'The best way to predict the future is to create it.'
By Dr. Lade Vedkumar.
For the first time, we are introducing an innovative concept for additional sugar export generation.
Is it possible to predict Indian sugar's future export figures?
Can we forecast the size of the growing/bearish market?
Does that help you, if you know the future export size of your competing countries?
Yes, we are masters in international trade forecast research super specialty segments...
We can scientifically predict the next five year's trade statistics.
Many high growth products have magnificent potential in developed, developing or undeveloped countries.
We need to redefine the marketing strategy.
There should be aggressive marketing of sugar in a rapidly expanding market.
In a neutral market simple marketing is going to work.
Global exports of sugar will increase from $29.7 billion to $40.3 billion by 2021 to 2025.
India's sugar exports will increase from $1.4 billion to $2.6 billion by 2021-2025.
Why should India's sugar exporters prefer no.4 Indonesia instead of no.1 Sudan?
Indonesian market for Indian sugar export will increase from $6.4 million to $106.4 million by 2021-2025.
Important note:
Best results can be found in the countries having larger value difference between 2021 export and prospects by 2025.
As per above note, Indonesia will create additional export space of $100 million.
Why will India's export market increase in Indonesia?
Is it important to understand the wisdom of the above question?
Yes of course, you must always have an eagle eye on competing suppliers in that particular market. Here, the destination sugar market is Indonesia.
Three competing nations in the Indonesian sugar market will be Thailand, Brazil and India. Considering the criteria of larger difference between the 2021 exports and prospects by 2025.
This represents the average export values of below countries sugar export to Indonesia.
Thailand:
2021: $997.6 million dollars,
2025: $1.5 billion dollars.
Brazil:
2021: $185.5 million dollars,
2025: $342.6 million dollars.
India's sugar export to Indonesia is explained above.
Phillipines:
2021: $24.1 k dollars,
2025: $49.4 million dollars.
2) India's sugar export market will decrease in Sudan from $238.1 million to $211.0 million by 2021-25.
India will lose sugar export space of -$27 million by 2021-25.
Who will be sugar import competitors in Sudan's sugar market?
Three competing countries in the Egypt, Uganda and UAE market will increase in Sudan's market.
These are average export values of below countries in Sudan's sugar market by 2021-25.
Egypt:
2021: $20.6 million dollars,
2025: $101.5 million dollars.
Uganda:
2021: $27.4 million dollars,
2025: $83.4 million dollars.
UAE:
2021: $117.7 million dollars,
2025: $160.8 million dollars.
India's sugar export to Sudan will decrease as mentioned above.
The India's sugar export will decline in Sudan by 2021-25.
Interesting Comparison:
Comparison of countries having larger value difference between 2021 export and prospects of 2025 Vs countries with smaller value difference between 2021-25.
Indonesia +100 mn Vs Sudan -$27 mn (relatively saturated market in the next 5 years)
"Now consider the scenario where you are not familiar with the above insight. Even though you are efficiently marketing in Sudan and simply marketing in Indonesia. You don't grow in both scenarios. If you have the complete insight. You can generate additional export revenue at a great pace"
That's the 'Power of Knowledge'
We have elaborated two. countries in the above country wise insight.
Yet the rest of top countries contribute $2.5 bn of additional India's sugar export demand by 2021-25.
We can predict India's top surprising and emerging sugar export markets by 2021-25.
As I always say.
'The best prospects are hidden in the next five years statistic'
Note: All the values are in an USA dollar. Prices may vary as per the market demand and dollar value fluctuation. 2021's average export value can be equivalent to or lower than export values recorded in other trade databases. The average value is the essence of the reliable reports of the last five years. Six digit HS code was used for the above insight as it is standard protocol HS code.
Email:
'Professionals work. Experts create results. Authorities predict the future. DECIDE which one you are going to follow'
Research source:
1. World Trade Organization, Trade forecast.
2. World Bank WITS.
3. International Trade Centre.
Research access duration September 2021.
© 2021-25 Future Export Vision.
https://www.linkedin.com/in/dr-vedkumar-lade-12a0b3b6
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