United Kingdom - Sugar Crop - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

United Kingdom - Sugar Crop - Market Analysis, Forecast, Size, Trends and Insights

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Sugar Crop Price in the UK - 2023

Contents:

  1. Sugar Crop Price in the UK (CIF) - 2022
  2. Sugar Crop Price in the UK (FOB) - 2022
  3. Sugar Crop Imports in the UK
  4. Sugar Crop Exports in the UK

Sugar Crop Price in the UK (CIF) - 2022

In 2022, the average sugar crop import price amounted to $441 per ton, increasing by 24% against the previous year. Over the period under review, the import price, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2018 an increase of 145%. The import price peaked at $1,540 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($2,274 per ton), while the price for Ireland ($254 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Sugar Crop Price in the UK (FOB) - 2022

The average sugar crop export price stood at $1,440 per ton in 2022, falling by -41.9% against the previous year. In general, the export price recorded a drastic downturn. The pace of growth was the most pronounced in 2017 an increase of 211%. The export price peaked at $5,045 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($5,768 per ton), while the average price for exports to Ireland ($480 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.1%), while the prices for the other major destinations experienced mixed trend patterns.

Sugar Crop Imports in the UK

In 2022, imports of sugar crops into the UK reduced sharply to 4.2K tons, which is down by -78.1% on the previous year. Over the period under review, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 3,005% against the previous year. As a result, imports reached the peak of 19K tons, and then fell markedly in the following year.

In value terms, sugar crop imports fell sharply to $1.9M in 2022. In general, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 904%. As a result, imports attained the peak of $6.9M, and then reduced markedly in the following year.

Import of Sugar Crop in the UK (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
IrelandN/A0.71508493382.6%
Belgium11.728.00.7430232.5%
Uganda65.244.237334874.8%
Germany50029142437.7-57.8%
Netherlands41.61521,7662.0-63.6%
LatviaN/AN/A2,924N/A0%
Others4021741,285204-20.2%
Total1,0216896,9231,87122.4%

Top Suppliers of Sugar Crop to the UK in 2022:

  1. Ireland (3349.2 tons)
  2. Belgium (384.0 tons)
  3. Uganda (369.4 tons)
  4. Germany (16.6 tons)
  5. Netherlands (1.0 tons)

Sugar Crop Exports in the UK

In 2022, approx. 645 tons of sugar crops were exported from the UK; jumping by 39% compared with 2021. Overall, total exports indicated a tangible expansion from 2019 to 2022: its volume increased at an average annual rate of +2.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -22.2% against 2020 indices.

In value terms, sugar crop exports dropped dramatically to $929K in 2022. In general, exports, however, recorded a sharp slump. The growth pace was the most rapid in 2020 when exports increased by 29%. As a result, the exports reached the peak of $3.9M. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Sugar Crop in the UK (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States2,9433,807936306-53.0%
Ireland17.823.890.8229134.3%
France1.01.218.2175459.3%
BelgiumN/A4.34.6153496.5%
Poland0.29.427.332.1443.4%
Others73.257.170.633.0-23.3%
Total3,0353,9031,148929-32.6%

Top Export Markets for Sugar Crop from the UK in 2022:

  1. Ireland (476.9 tons)
  2. Belgium (56.4 tons)
  3. United States (53.1 tons)
  4. France (36.9 tons)
  5. Poland (10.0 tons)

Source: IndexBox Market Intelligence Platform

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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, HARVESTED AREA AND YIELD
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Area Harvested, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023
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