Australia: Sugar Crop Market 2024

Sugar Crop Market Size in Australia

The Australian sugar crop market dropped to $X.4B in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, recorded a mild increase. Over the period under review, the market reached the peak level at $X.4B in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Sugar Crop Production in Australia

In value terms, sugar crop production soared to $X in 2022 estimated in export price. In general, production, however, recorded resilient growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by X,084%. As a result, production reached the peak level of $X.7B. From 2014 to 2022, production growth remained at a lower figure.

The average yield of sugar crops in Australia contracted slightly to X tons per ha in 2022, remaining stable against the previous year. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2019 when the yield increased by X% against the previous year. The sugar crop yield peaked at X tons per ha in 2015; however, from 2016 to 2022, the yield remained at a 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 crop harvested area in Australia fell to X ha in 2022, which is down by X% compared with the previous year's figure. Overall, the harvested area showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the harvested area increased by X%. The sugar crop harvested area peaked at X ha in 2017; however, from 2018 to 2022, the harvested area remained at a lower figure.

Sugar Crop Exports

Exports from Australia

In 2022, approx. X tons of sugar crops were exported from Australia; with an increase of X% against 2021 figures. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, sugar crop exports soared to $X in 2022. Overall, exports posted significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Spain (X tons) and Hong Kong SAR (X tons) were the main destinations of sugar crop exports from Australia, together accounting for X% of total exports.

From 2013 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) emerged as the key foreign market for sugar crops exports from Australia, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by New Zealand, with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of value to Spain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and New Zealand (X% per year).

Export Prices by Country

In 2022, the average sugar crop export price amounted to $X per ton, jumping by X% against the previous year. Overall, the export price, however, recorded a sharp setback. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (X%), while the prices for the other major destinations experienced mixed trend patterns.

Sugar Crop Imports

Imports into Australia

In 2022, approx. X tons of sugar crops were imported into Australia; picking up by X% on the previous year's figure. Over the period under review, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, sugar crop imports skyrocketed to $X in 2022. Overall, imports showed a significant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, France (X tons) constituted the largest sugar crop supplier to Australia, with a X% share of total imports. Moreover, sugar crop imports from France exceeded the figures recorded by the second-largest supplier, Spain (X tons), tenfold. Lebanon (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Lebanon (X% per year).

In value terms, France ($X) constituted the largest supplier of sugar crops to Australia, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with a X% share of total imports. It was followed by Lebanon, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Lebanon (X% per year).

Import Prices by Country

In 2022, the average sugar crop import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, recorded a noticeable contraction. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 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 the Netherlands ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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