CIS: Sugar Beet Market 2024

Sugar Beet Market Size in CIS

The CIS sugar beet market surged to $X in 2022, rising by X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Sugar Beet Production in CIS

In value terms, sugar beet production soared to $X in 2022 estimated in export price. Overall, production, however, faced a abrupt contraction. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of sugar beet production was Russia (X tons), comprising approx. X% of total volume. Moreover, sugar beet production in Russia exceeded the figures recorded by the second-largest producer, Belarus (X tons), more than tenfold.

In Russia, sugar beet production remained relatively stable over the period from 2012-2022.

The average sugar beet yield skyrocketed to X tons per ha in 2022, with an increase of X% against the year before. 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 only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the sugar beet yield hit record highs in 2022 and is likely to see steady growth in years to come. 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 amounted to X ha in 2022, approximately mirroring the previous year's figure. In general, the harvested area, however, continues to indicate a mild setback. The pace of growth appeared the most rapid in 2015 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to sugar beet production attained 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 CIS

In 2022, overseas shipments of sugar beet were finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, saw a precipitous setback. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, sugar beet exports fell remarkably to $X in 2022. Overall, exports, however, faced a precipitous shrinkage. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Russia (X tons) was the main exporter of sugar beet, constituting X% of total exports. It was distantly followed by Uzbekistan (X tons) and Kyrgyzstan (X tons), together comprising a X% share of total exports.

Exports from Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Uzbekistan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. By contrast, Kyrgyzstan (X%) illustrated a downward trend over the same period. Russia (X p.p.), Uzbekistan (X p.p.) and Kyrgyzstan (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), Uzbekistan ($X) and Kyrgyzstan ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Uzbekistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, which is down by X% against the previous year. In general, the export price, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%), while the other leaders experienced a decline in the export price figures.

Sugar Beet Imports

Imports in CIS

Sugar beet imports dropped significantly to X tons in 2022, reducing by X% against 2021 figures. In general, imports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then declined significantly in the following year.

In value terms, sugar beet imports contracted sharply to $X in 2022. Over the period under review, imports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then declined markedly in the following year.

Imports by Country

The purchases of the one major importers of sugar beet, namely Russia, represented more than two-thirds of total import.

Russia was also the fastest-growing in terms of the sugar beet imports, with a CAGR of X% from 2012 to 2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported sugar beet in the CIS.

In Russia, sugar beet imports increased at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked in 2022 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 Russia.

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

Source: IndexBox Platform

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