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United Kingdom - Sugar Crop - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Feb 15, 2023
UK Sugar Crop Price Rises Remarkably to $1,165 per Ton, Fluctuating Wildly over 2022
United Kingdom Sugar Crop Import Price in September 2022
In September 2022, the sugar crop price amounted to $1,165 per ton (CIF, United Kingdom), surging by 36% against the previous month. Overall, the import price, however, showed a mild reduction. The growth pace was the most rapid in June 2022 an increase of 93% m-o-m. As a result, import price attained the peak level of $1,421 per ton. From July 2022 to September 2022, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In September 2022, the country with the highest price was Egypt ($1,347 per ton), while the price for Belgium ($994 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Spain (+27.6%), while the prices for the other major suppliers experienced more modest paces of growth.
United Kingdom Sugar Crop Import Prices by Type
There were significant differences in the average prices amongst the major supplied products. In September 2022, the product with the highest price was sugar beet ($7,144 per ton), while the price for chicory ($1,068 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by sugar beet (+26.6%), while the prices for the other products experienced mixed trend patterns.
United Kingdom Sugar Crop Imports
In September 2022, after two months of growth, there was significant decline in purchases abroad of sugar crops, when their volume decreased by -63.2% to 50 tons. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in May 2022 with an increase of 425% against the previous month. As a result, imports reached the peak of 210 tons. From June 2022 to September 2022, the growth of imports failed to regain momentum.
In value terms, sugar crop imports fell markedly to $59K (IndexBox estimates) in September 2022. Overall, imports showed a mild descent. The pace of growth was the most pronounced in May 2022 with an increase of 247% against the previous month. As a result, imports reached the peak of $154K. From June 2022 to September 2022, the growth of imports remained at a somewhat lower figure.
United Kingdom Sugar Crop Imports by Type
Chicory (25 tons), sugar cane (24 tons) and carob (750 kg) were the main products of sugar crop imports to the UK, with a combined 99% share of total imports.
From January 2022 to September 2022, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by sugar cane (with a CAGR of -7.1%), while imports for the other products experienced a decline.
In value terms, the most traded types of sugar crops in the UK were sugar cane ($26K), chicory ($26K) and sugar beet ($3.7K), together accounting for 96% of total imports.
United Kingdom Sugar Crop Imports by Country
Belgium (24 tons), Uganda (22 tons) and Egypt (2 tons) were the main suppliers of sugar crop imports to the UK, with a combined 95% share of total imports.
From January 2022 to September 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +12.1%), while imports for the other leaders experienced a decline.
In value terms, the largest sugar crop suppliers to the UK were Belgium ($24K), Uganda ($22K) and Egypt ($2.7K), together comprising 83% of total imports.
Among the main suppliers, Egypt, with a CAGR of +10.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.
Factors Affecting Sugar Crop Prices
In the UK, sugar beet is the main type of sugar crop grown. Around 80% of sugar beet is grown in England, with the rest coming from Scotland and Wales. The average yield per hectare has increased significantly in recent years due to advances in technology and husbandry techniques. This has helped to offset some of the impact of volatile prices on growers' incomes.
Global production levels are the main driver of sugar prices, as they determine the amount of sugar crop available on the market. Weather conditions can also have an impact, as droughts or floods can damage crops and lead to lower production levels. Political stability is also important, as unrest or trade disputes can disrupt supplies and drive up prices.
This report provides an in-depth analysis of the sugar crop market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
• FCL 161 - Sugar crops nes
• FCL 156 - Sugar cane
• FCL 459 - Chicory roots
• FCL 157 - Sugar beet
• FCL 461 - Carobs
• FCL 460 - Vegetable products, fresh or dry nes
Country coverage:
• United Kingdom
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the UK
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles
Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2022
Figure 22:
Production, In Value Terms, 2012–2022
Figure 23:
Area Harvested, 2012–2022
Figure 24:
Yield, 2012–2022
Figure 25:
Imports, In Physical Terms, 2012–2022
Figure 26:
Imports, In Value Terms, 2012–2022
Figure 27:
Imports, In Physical Terms, By Country, 2022
Figure 28:
Imports, In Physical Terms, By Country, 2012–2022
Figure 29:
Imports, In Value Terms, By Country, 2012–2022
Figure 30:
Import Prices, By Country Of Origin, 2012–2022
Figure 31:
Exports, In Physical Terms, 2012–2022
Figure 32:
Exports, In Value Terms, 2012–2022
Figure 33:
Exports, In Physical Terms, By Country, 2022
Figure 34:
Exports, In Physical Terms, By Country, 2012–2022
Figure 35:
Exports, In Value Terms, By Country, 2012–2022
Figure 36:
Export Prices, By Country Of Destination, 2012–2022
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