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:6/27/2016)... , ... June 27, 2016 , ... ... , the only authorized OSHA Training Institute Education Center headquartered in Northern California, ... their workers from extreme heat at their worksites. Employers with workers exposed ...
(Date:6/27/2016)... , ... June 27, 2016 , ... "FCPX editors can ... inside of Final Cut Pro X," said Christina Austin - CEO of Pixel Film ... Final Cut Pro X users can now reveal the media of their ...
(Date:6/27/2016)... ... , ... TherapySites, the leading website and online ... Counseling Association. This new relationship allows TherapySites to continue to extend their ... benefits and promotional offers. , "TCA is extremely excited about this new partnership, ...
(Date:6/27/2016)... California (PRWEB) , ... June ... ... pioneer in the patient payment industry today announced its strategic partnership with ... health system workflows. , The two companies’ proven, proprietary technology combine to ...
(Date:6/27/2016)... Brooklyn, NY (PRWEB) , ... June 27, 2016 ... ... is using cutting edge technology to revolutionize the emergency ambulance transport experience for ... Many are aware of how Uber has disrupted the taxi industry through the ...
Breaking Medicine News(10 mins):
(Date:6/26/2016)... SYDNEY , June 26, 2016 One of ... , has announced the formation of a new biotechnology company, Noxopharm ... raise $6m in an IPO and to list on the ASX. ... drug candidate, NOX66, ready to enter a Phase 1 clinical study ... been designed to address one of the biggest problems facing cancer ...
(Date:6/26/2016)... Jazz Pharmaceuticals plc (Nasdaq: JAZZ ... Antitrust Improvements Act of 1976, as amended ("HSR"), with ... ("Celator"; Nasdaq: CPXX ) expired effective June ... As previously announced on May 31, 2016, Jazz ... under which Jazz Pharmaceuticals has commenced a tender offer ...
(Date:6/26/2016)... June 27, 2016  VMS Rehab Systems, Inc. ( ... take whatever measures required to build a strong and ... is currently listed on the OTC Markets-pink current trading ... and CEO, "We are seeing an anomaly in market ... not only by the Company, but shareholders and market ...
Breaking Medicine Technology: