Navigation Links
Sugarcane Harvesting in the US Industry Market Research Report from IBISWorld Has Been Updated
Date:12/19/2013

Los Angeles, CA (PRWEB) December 19, 2013

The US Sugarcane Harvesting industry has endured spikes and drops in revenue over the five years to 2013. Global weather patterns are largely responsible for fluctuations in price and production, which directly influence revenue. Sugar prices skyrocketed during the 2009 and 2010 growing seasons due to heavy rainfall that harmed crops in Brazil, the world's leading sugarcane producer. Consequently, the disruption in the global supply of sugar boosted demand for US downstream sugar products. As a result of the ensuing price hikes, growers increased production, and revenue for the sugarcane-harvesting industry shot up from 2008 to 2012. However, increased production caused an oversupply of sugar, dropping the commodity's price in 2012 and 2013. As a result, industry revenue has grown an annualized 11.6% in the past five years, though this includes a 12.9% drop in 2013, totaling $1.5 billion in 2013.

Industry profitability is less volatile than revenue, though is still subject to weather conditions, sugar prices and circumstances in the downstream Sugar Processing industry (IBISWorld report 31131). Downstream sugar processors are protected by government price supports and import quotas, which inflate domestic sugar prices and protect the local industry from cheaper imports. Although sugarcane farmers do not directly reap benefits from these programs, they receive payments from processors. According to IBISWorld Industry Analyst Antal Neville, “While industry farmers experience losses from time to time, as any other crop grower does, the multitude of programs has kept profit relatively stable, though profit declined slightly with low 2013 sugar prices.”

Nonetheless, the industry is headed for some major challenges over the next five years. In addition to slower growth in prices, increasingly health-conscious consumers will likely turn to low- and no-calorie sweeteners, both artificially and naturally derived. “The growing presence of alternative products in the sweetener market will increase competition for sugar processors, which will subsequently hurt the Sugarcane Harvesting industry,” says Neville. Over the next five years, revenue is forecast to grow marginally. However, an opportunity for the industry lies in commercial ethanol production. Currently, bagasse, a by-product of sugarcane processing, is used to self-sustain sugar mills in the United States. Thus, if ethanol production from bagasse is pursued on a larger scale, it will revive demand for the industry.

For more information, visit IBISWorld’s Metal Pipe & Tube Manufacturing in the US industry report page.

Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189

IBISWorld industry Report Key Topics

Farmers in the Sugarcane Harvesting industry primarily grow sugarcane, a tall tropical grass originating in Southeast Asia. Scientifically known as Saccharum officinarum, its thick stems are a major commercial source of sugar.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

Read the full story at http://www.prweb.com/releases/2013/12/prweb11429949.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Less Invasive Surgery Safe for Harvesting Bypass Veins: Study
2. Survey Results Indicate Healthcare Industry is Behind the Curve on ICD-10 Compliance Readiness
3. China and Global Glasses Lens Industry Development Trends in a New Research Report at DeepResearchReports.com
4. HIV Market - Global and China Forecast, Share, Size, Growth and Industry Analysis (2010 - 2017)
5. Full-Service Restaurants in Canada Industry Market Research Report from IBISWorld Has Been Updated
6. MDA Awards Second 'Bridge-to-Industry' Grant
7. Activated Carbon Manufacturing in the US Industry Market Research Report Now Available from IBISWorld
8. Mulroy Consulting Group Formed to Serve the Global Animal Health Industry
9. Global Kidney Transplantation Clinical Trials Review 2013: Worldwide Industry Share, Investment Trends, Growth, Size, Strategy And Forecast Research Report 2013
10. Pilates & Yoga Studios in the US Industry Market Research Report from IBISWorld Has Been Updated
11. Viewpoints Industry TV Offers Year-End Giving Tips
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/19/2017)... ... ... Cosmetic Town, an online plastic surgery community, begins 2017 with an update ... their readers to get the information they desire. The procedures are now listed according ... on those particular areas. , “We are excited to streamline our listings in a ...
(Date:1/19/2017)... Plains, NJ (PRWEB) , ... January 19, 2017 ... ... board certified dermatologist by the American Board of Dermatology and fellowship trained Mohs ... of the National Institutes of Health, Dr. Li completed his internship in internal ...
(Date:1/19/2017)... Angeles, California (PRWEB) , ... January 19, 2017 ... ... the hands of a doctor who administered fillers that resulted in severe facial ... unprecedented case was taken on by doctors at UCLA Medical Center, who removed ...
(Date:1/19/2017)... ... January 19, 2017 , ... Workrite Ergonomics ... , The Tranquility privacy panel system was designed to deliver the ideal ... help reduce noise and provide the visual privacy required to maintain concentration levels ...
(Date:1/19/2017)... Francisco, CA (PRWEB) , ... January 19, 2017 , ... ... financial planning assistance to commercial and residential clients in the California Bay Area, is ... positive heart health in the region. , Heart disease is the primary killer of ...
Breaking Medicine News(10 mins):
(Date:1/19/2017)... CLEVELAND , Jan. 18, 2017  ViewRay, ... the world,s first and only clinical MRI-guided radiation ... gross proceeds of approximately $26.1 million through a ... Puissance Capital Management led the financing and was ... OrbiMed Advisors, LLC and Kearny Venture Partners, and ...
(Date:1/19/2017)... ALAMEDA, Calif. , Jan. 18, 2017 /PRNewswire/ ... (MPI) solutions has entered into an agreement with ... for the Momentum MPI imaging system based on ... VivoQuant will be distributed as a complete MPI ... to enable quantitative nanoparticle or cell imaging in ...
(Date:1/19/2017)... , Jan. 18, 2017 The drug delivery ... by 2021 from USD 1,179.20 billion in 2016, at ... Increasing prevalence of chronic diseases, increasing demand for biologics, ... driving the growth of this market. Whereas, self-administration & ... drugs offer significant growth opportunities for players operating in ...
Breaking Medicine Technology: