U.S. - Sugar Beet - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSugar Beet Price in the United States - 2023
Contents:
- Sugar Beet Price in the United States (FOB) - 2022
- Sugar Beet Price in the United States (CIF) - 2022
- Sugar Beet Exports in the United States
- Sugar Beet Imports in the United States
Sugar Beet Price in the United States (FOB) - 2022
In 2022, the average sugar beet export price amounted to $75 per ton, dropping by -8.6% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 1.2% against the previous year. The export price peaked at $118 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Curacao ($75 per ton), while the average price for exports to South Korea amounted to $75 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Trinidad and Tobago (+11.1%).
Sugar Beet Price in the United States (CIF) - 2022
In 2022, the average sugar beet import price amounted to $23 per ton, shrinking by -12.5% against the previous year. Overall, the import price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 2.5% against the previous year. As a result, import price reached the peak level of $122 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Costa Rica.
From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to -22.5% per year.
Sugar Beet Exports in the United States
In 2022, sugar beet exports from the United States contracted rapidly to 550 tons, dropping by -48.2% compared with the year before. Overall, exports saw a precipitous curtailment.
In value terms, sugar beet exports shrank markedly to $41K in 2022. In general, exports continue to indicate a precipitous shrinkage.
| Export of Sugar Beet in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| South Korea | N/A | 37.4 | 0% | ||
| Curacao | N/A | 3.8 | 0% | ||
| Bermuda | 2.5 | N/A | 0% | ||
| United Kingdom | 6.3 | N/A | 0% | ||
| Mexico | 29.0 | N/A | 0% | ||
| Belize | 45.0 | N/A | 0% | ||
| Bahamas | 4.2 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 87.0 | 41.2 | -52.6% | ||
Top Export Markets for Sugar Beet from the United States in 2022:
- South Korea (499.0 tons)
- Curacao (51.0 tons)
Sugar Beet Imports in the United States
In 2022, purchases abroad of sugar beet decreased by -96% to 107 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports faced a sharp slump. The pace of growth appeared the most rapid in 2020 with an increase of 215% against the previous year.
In value terms, sugar beet imports declined dramatically to $2.4K in 2022. In general, imports faced a sharp curtailment. The pace of growth was the most pronounced in 2020 with an increase of 176% against the previous year. As a result, imports reached the peak of $76K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Sugar Beet in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | N/A | N/A | N/A | 2.4 | 0% |
| China | 24.9 | 76.2 | 59.5 | N/A | 54.6% |
| Canada | N/A | N/A | 10.0 | N/A | 0% |
| Others | 2.7 | N/A | N/A | N/A | 0% |
| Total | 27.6 | 76.2 | 69.5 | 2.4 | -55.7% |
Top Suppliers of Sugar Beet to the United States in 2022:
- Costa Rica (106.9 tons)
This report provides an in-depth analysis of the sugar beet market in the U.S.. 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 157 - Sugar beet
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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