Central Asia: Sugar Beet Market 2024

Sugar Beet Market Size in Central Asia

In 2022, the Central Asian sugar beet market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption saw strong growth. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Sugar Beet Production in Central Asia

In value terms, sugar beet production fell markedly to $X in 2022 estimated in export price. Overall, production posted a significant increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Kyrgyzstan (X tons), Kazakhstan (X tons) and Turkmenistan (X tons), together comprising X% of total production.

From 2012 to 2022, the biggest increases were recorded for Kyrgyzstan (with a CAGR of X%), while production for the other leaders experienced mixed trends in the production figures.

The average sugar beet yield soared to X tons per ha in 2022, with an increase of X% on the year before. Over the period under review, the yield showed a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. The level of yield peaked at X tons per ha in 2016; however, from 2017 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.

In 2022, the total area harvested in terms of sugar beet production in Central Asia declined to X ha, which is down by X% on 2021. The total harvested area indicated a notable expansion from 2012 to 2022: its figure 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, sugar beet harvested area decreased by X% against 2017 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to sugar beet production reached the peak figure at X ha in 2017; however, from 2018 to 2022, the harvested area stood at a somewhat lower figure.

Sugar Beet Exports

Exports in Central Asia

In 2022, shipments abroad of sugar beet decreased by X% to X tons, falling for the sixth year in a row after five years of growth. Overall, exports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2015 with an increase of X%. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, sugar beet exports fell significantly to $X in 2022. In general, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Uzbekistan represented the key exporter of sugar beet in Central Asia, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Kyrgyzstan (X tons), constituting a X% share of total exports.

Uzbekistan was also the fastest-growing in terms of the sugar beet exports, with a CAGR of X% from 2012 to 2022. Kyrgyzstan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uzbekistan increased by X percentage points.

In value terms, the largest sugar beet supplying countries in Central Asia were Uzbekistan ($X) and Kyrgyzstan ($X).

Among the main exporting countries, Uzbekistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, shrinking by X% against the previous year. In general, the export price showed a perceptible downturn. The pace of growth appeared the most rapid in 2014 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 Kyrgyzstan ($X per ton), while Uzbekistan stood at $X per ton.

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

Sugar Beet Imports

Imports in Central Asia

In 2022, after two years of growth, there was significant decline in overseas purchases of sugar beet, when their volume decreased by X% to X tons. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, sugar beet imports reduced dramatically to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then dropped rapidly in the following year.

Imports by Country

In 2022, Kazakhstan (X tons) was the key importer of sugar beet in Central Asia, comprising X% of total import.

Kazakhstan experienced a relatively flat trend pattern with regard to volume of imports of sugar beet. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported sugar beet in Central Asia.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan was relatively modest.

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the import price increased by X%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Kazakhstan.

From 2012 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :