Sugar Beet Market

Sugar beet market: get access to recently published statistics powered by an Ai-driven market research platform. Information include exports, companies, market size, production, trade, consumption, imports, and market prices. Here is a breakdown by region, including the U.K., China, EU, the U.S., Russia, Africa, Latin America, and the Middle East. Market insights and forecast to 2030 are also provided in the dashboards.


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Sugar Beet - World's Largest Markets

RatingCountry
1Russia
2Germany
3Turkey
4Egypt
5United Kingdom

In value terms, Russia led the market, alone. The second position in the ranking was occupied by Germany. It was followed by Turkey.

In Russia, the sugar beet market contracted by an average annual rate of -9.9% over the period from 2019-2021. In the other countries, the average annual rates were as follows: Germany (-1.4% per year) and Turkey (+6.9% per year).

Sugar Beet Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201920202021CAGR,
2019-2021
USD per tonne
Belgium15415928-57.4%
Poland39541739-68.6%
Slovakia58161244-72.5%
Germany64065647-72.9%
Latvia23221647-55.0%
Canada163166117-15.3%
Slovenia506284289-24.4%
Average39739363-60.0%

Prices varied noticeably by the country of origin; the country with the highest price was Slovenia ($289 per tonne), while Belgium ($28 per tonne) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Canada, while the other global leaders experienced a decline in the export price figures.

Highest Prices - CIF - Top Importers

COUNTRY201920202021CAGR,
2019-2021
USD per tonne
Denmark25201373227-70.0%
Switzerland717110178-67.0%
Czech Republic93887040-79.3%
Germany1821177940-85.2%
Croatia93887440-79.3%
Austria2630281238-88.0%
Lithuania99996031-82.4%
Average71176674-67.7%

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Denmark ($227 per tonne), while Lithuania ($31 per tonne) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (-67.0% per year), while the other global leaders experienced a decline in the import price figures.

Sugar Beet - Top Importers

COUNTRY201920202021CAGR,
2019-2021
million USD
Switzerland2024237.6%
Czech Republic6.27.61240.2%
Denmark3.25.85.934.7%
Croatia6.53.83-31.8%
Lithuania0.60.52.285.1%

In value terms, Switzerland ($23M), the Czech Republic ($12M) and Denmark ($5.9M) were the countries with the highest levels of imports in 2021, together comprising 60% of global imports. Croatia, Lithuania, Germany and Austria lagged somewhat behind, together comprising a further 12%.

Lithuania (+85.1% per year) recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Sugar Beet - Top Exporters

COUNTRY201920202021CAGR,
2019-2021
million USD
Germany16202217.4%
Canada4.658.132.8%
Slovakia3.16.47.352.3%
Belgium3.33.86.641.8%
Slovenia2.54.45.244.7%

In value terms, Germany ($22M) remains the largest sugar beet supplier worldwide, comprising 31% of global exports. The second position in the ranking was occupied by Canada ($8.1M), with a 11% share of global exports. It was followed by Slovakia, with a 10% share.

From 2019 to 2021, the average annual rate of growth in terms of value in Germany stood at +17.4%. In the other countries, the average annual rates were as follows: Canada (+32.8% per year) and Slovakia (+52.3% per year).

Sugar Beet - Market Forecast

Depressed by shrinking demand for sugar beet worldwide, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of for the period from 2021 to 2030, which is projected to depress the market volume to by the end of 2030.

Sugar Beet - Top Companies

Bunge Acucar e Bioenergia S/A, Abengoa Bioenergia Agroindústria Ltda., QUANG NGAI SUGAR JOINT STOCK COMPANY, RIOPAILA CASTILLA S A, BIEN HOA SUGAR JOINT STOCK COMPANY, Companhia Agrícola Colombo, Nardini Agroindustrial Ltda, Agroindustrial Santa Juliana Ltda, AgrO-Rub Agropecuaria Ltda, A.n.a. - Agricola Nova America Ltda, Sociedade Agroindustria Santa Matilde Ltda, Hippo Valley Estates Ltd, TULLY SUGAR LIMITED, Agricola Rodeio Ltda, Companhia Agricola Quata, Agropecuaria Terras Novas, Agropecuaria Terras Novas S/A, Agroterenas S.a. Cana, ISIS CENTRAL SUGAR MILL COMPANY LIMITED, Agropecuaria Mongre Ltda

Sugar Beet - Product Coverage

  • HS 121291 - Sugar beet; of a kind used primarily for human consumption, fresh, chilled, frozen or dried, whether or not ground
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World - Sugar Beet - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the global sugar beet market.

Africa - Sugar Beet - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the sugar beet market in Africa.

Eastern Asia - Sugar Beet - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the sugar beet market in Eastern Asia.

Latin America and the Caribbean - Sugar Beet - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the sugar beet market in Latin America and the Caribbean.

South-Eastern Asia - Sugar Beet - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the sugar beet market in South-Eastern Asia.

Central Asia - Sugar Beet - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the sugar beet market in Central Asia.

Southern Asia - Sugar Beet - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the sugar beet market in Southern Asia.

Middle East - Sugar Beet - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the sugar beet market in the Middle East.

Australia and Oceania - Sugar Beet - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the sugar beet market in Australia and Oceania.

Northern America - Sugar Beet - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the sugar beet market in Northern America.

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