CIS: Sugar Crop Market 2024

Sugar Crop Market Size in CIS

The CIS sugar crop market soared to $X in 2022, growing by X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Sugar Crop Production in CIS

In value terms, sugar crop production soared to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Russia (X tons) constituted the country with the largest volume of sugar crop production, accounting for X% of total volume. Moreover, sugar crop production in Russia exceeded the figures recorded by the second-largest producer, Belarus (X tons), more than tenfold.

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

In 2022, the average yield of sugar crops in the CIS soared to X tons per ha, rising by X% compared with 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 consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the yield increased by X% against the previous year. The level of yield peaked in 2022 and is expected to retain growth in the near future. 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 crops were harvested in the CIS; therefore, remained relatively stable against the previous year. Overall, the harvested area, however, showed a mild reduction. The most prominent rate of growth was recorded in 2015 when the harvested area increased by X% against the previous year. The level of 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 in CIS

After two years of decline, shipments abroad of sugar crops increased by X% to X tons in 2022. In general, exports, however, saw a precipitous setback. 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 exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, sugar crop exports reduced remarkably to $X in 2022. Over the period under review, exports, however, faced a significant decline. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia represented the main exporting country with an export of about X tons, which resulted at X% of total exports. It was distantly followed by Uzbekistan (X tons) and Kyrgyzstan (X tons), together committing a X% share of total exports. Kazakhstan (X tons) followed a long way behind the leaders.

Russia was also the fastest-growing in terms of the sugar crops exports, with a CAGR of X% from 2012 to 2022. At the same time, Kazakhstan (X%) and Uzbekistan (X%) displayed positive paces of growth. By contrast, Kyrgyzstan (X%) illustrated a downward trend over the same period. Russia (X p.p.), Uzbekistan (X p.p.), Kyrgyzstan (X p.p.) and Kazakhstan (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, the largest sugar crop supplying countries in the CIS were Russia ($X), Uzbekistan ($X) and Kazakhstan ($X), together comprising X% of total exports.

Kazakhstan, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price, however, posted a significant increase. The growth pace was the most rapid in 2013 an increase of X%. 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 remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Russia ($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 Crop Imports

Imports in CIS

In 2022, approx. X tons of sugar crops were imported in the CIS; shrinking by X% compared with 2021 figures. Over the period under review, imports, however, posted a strong expansion. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021, and then declined rapidly in the following year.

In value terms, sugar crop imports dropped markedly to $X in 2022. Overall, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then reduced markedly in the following year.

Imports by Country

The countries with the highest levels of sugar crop imports in 2022 were Russia (X tons), together accounting for X% of total import.

Russia was also the fastest-growing in terms of the sugar crops 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 crops in the CIS.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia totaled X%.

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2016 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

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

Frequently Asked Questions (FAQ) :