China: Sugar Beet Market 2024

Sugar Beet Market Size in China

In 2022, the Chinese sugar beet market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, saw a perceptible setback. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Sugar Beet Production in China

In value terms, sugar beet production reduced slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Sugar beet production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

In 2022, the average sugar beet yield in China surged to X tons per ha, growing by X% against the previous year's figure. Overall, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the average sugar beet yield hit record highs at X tons per ha in 2014; however, from 2015 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, approx. X ha of sugar beet were harvested in China; with a decrease of X% compared with the previous year. In general, the harvested area continues to indicate a pronounced slump. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to sugar beet production attained the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Sugar Beet Exports

Exports from China

In 2022, the amount of sugar beet exported from China contracted dramatically to X tons, waning by X% on the previous year's figure. Overall, exports recorded a slight contraction. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then fell notably in the following year.

In value terms, sugar beet exports contracted remarkably to $X in 2022. Over the period under review, exports, however, showed a pronounced increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then contracted remarkably in the following year.

Exports by Country

Russia (X tons) was the main destination for sugar beet exports from China, with a X% share of total exports. It was followed by the United States (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Vietnam (X% per year).

In value terms, Russia ($X) remains the key foreign market for sugar beet exports from China, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2022, the average sugar beet export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price enjoyed a moderate expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Russia ($X 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 Russia (X%).

Sugar Beet Imports

Imports into China

In 2022, approx. less than X kg of sugar beet were imported into China; which is down by X% compared with 2021. In general, imports saw a precipitous setback. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, sugar beet imports dropped sharply to $X in 2022. Over the period under review, imports recorded a significant decrease. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X kg) was the main sugar beet supplier to China, with a approx. X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to X%.

In value terms, the United States ($X) constituted the largest supplier of sugar beet to China.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States was relatively modest.

Import Prices by Country

The average sugar beet import price stood at $X per ton in 2021, jumping by X% against the previous year. Over the period under review, the import price posted a prominent increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the rate of growth in terms of prices for Myanmar amounted to X% per year.

Source: IndexBox Platform

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