Asia-Pacific: Sugar Beet Market 2024

Sugar Beet Market Size in Asia-Pacific

The Asia-Pacific sugar beet market declined to $X in 2022, waning by X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Sugar Beet Production in Asia-Pacific

In value terms, sugar beet production reduced to $X in 2022 estimated in export price. In general, production recorded temperate growth. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

China (X tons) remains the largest sugar beet producing country in Asia-Pacific, comprising approx. X% of total volume. Moreover, sugar beet production in China exceeded the figures recorded by the second-largest producer, Japan (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume in China amounted to X%.

The average sugar beet yield surged to X tons per ha in 2022, with an increase of X% on 2021. Over the period under review, the yield saw a relatively flat trend pattern. Over the period under review, the sugar beet yield attained the peak level at X tons per ha in 2019; however, from 2020 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The sugar beet harvested area fell sharply to X ha in 2022, dropping by X% on the previous year. In general, the harvested area recorded a noticeable decrease. The pace of growth was the most pronounced in 2018 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to sugar beet production reached the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

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Sugar Beet Exports

Exports in Asia-Pacific

In 2022, exports of sugar beet in Asia-Pacific dropped markedly to X tons, waning by X% against the previous year's figure. In general, exports continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, sugar beet exports shrank rapidly to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

China was the key exporter of sugar beet in Asia-Pacific, with the volume of exports finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by Vietnam (X tons), mixing up a X% share of total exports. India (X tons) and Indonesia (X tons) held a minor share of total exports.

Exports from China decreased at an average annual rate of X% from 2012 to 2022. At the same time, Indonesia (X%) and India (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Vietnam (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, Vietnam and India increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest sugar beet supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China totaled X%. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and India (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price posted a strong increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Sugar Beet Imports

Imports in Asia-Pacific

In 2022, the amount of sugar beet imported in Asia-Pacific skyrocketed to X tons, with an increase of X% against the year before. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, sugar beet imports skyrocketed to $X in 2022. Total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, New Zealand (X tons) represented the major importer of sugar beet, comprising X% of total imports. It was distantly followed by Singapore (X tons), achieving a X% share of total imports.

New Zealand was also the fastest-growing in terms of the sugar beet imports, with a CAGR of X% from 2012 to 2022. Singapore (X%) illustrated a downward trend over the same period. New Zealand (X p.p.) significantly strengthened its position in terms of the total imports, while Singapore saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, New Zealand ($X) constitutes the largest market for imported sugar beet in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Singapore ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in New Zealand amounted to X%.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, waning by X% against the previous year. Overall, the import price saw a perceptible slump. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while New Zealand stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Source: IndexBox Platform

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