
Czech Republic - Sugar Beet - Market Analysis, Forecast, Size, Trends and Insights
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Czech Republic: Sugar Beet Market Overview 2021
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Sugar Beet Market Size in the Czech Republic
The Czech sugar beet market amounted to $X in 2019, remaining relatively unchanged against the previous year. Overall, the total consumption indicated a measured increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -X% against 2017 indices. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2019, consumption stood at a somewhat lower figure.
Sugar Beet Production in the Czech Republic
In value terms, sugar beet production totaled $X in 2019 estimated in export prices. Over the period under review, the total production indicated measured growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Sugar beet production peaked at $X in 2014; however, from 2015 to 2019, production remained at a lower figure.
The average yield of sugar beet in the Czech Republic totaled X tonnes per ha in 2019, approximately equating the previous year. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. The sugar beet yield peaked at X tonnes per ha in 2014; however, from 2015 to 2019, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2019, the sugar beet harvested area in the Czech Republic rose slightly to X ha, growing by X% against 2018. The harvested area increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. As a result, the harvested area reached the peak level of X ha. From 2018 to 2019, the growth of the sugar beet harvested area remained at a somewhat lower figure.
Sugar Beet Exports
Exports from the Czech Republic
In 2019, approx. X tonnes of sugar beet were exported from the Czech Republic; growing by X% against the previous year's figure. Over the period under review, exports posted a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, exports reached the peak of X tonnes. From 2018 to 2019, the growth exports remained at a lower figure.
In value terms, sugar beet exports soared to $X in 2019. Overall, exports recorded buoyant growth. The pace of growth was the most pronounced in 2018 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum in 2019 and are expected to retain growth in years to come.
Exports by Country
Slovenia (X tonnes), Austria (X tonnes) and Slovakia (X tonnes) were the main destinations of sugar beet exports from the Czech Republic, with a combined X% share of total exports.
From 2007 to 2019, the biggest increases were in Austria, while shipments for the other leaders experienced more modest paces of growth.
In value terms, Slovenia ($X), Austria ($X) and Slovakia ($X) constituted the largest markets for sugar beet exported from the Czech Republic worldwide, together comprising X% of total exports.
Austria saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2019, the average sugar beet export price amounted to $X per tonne, reducing by -X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2016; however, from 2017 to 2019, export prices failed to regain the momentum.
Average prices varied noticeably for the major external markets. In 2019, the country with the highest price was Slovakia ($X per tonne), while the average price for exports to Slovenia ($X per tonne) was amongst the lowest.
From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia, while the prices for the other major destinations experienced a decline.
Sugar Beet Imports
Imports into the Czech Republic
In 2019, overseas purchases of sugar beet decreased by -X% to X tonnes for the first time since 2016, thus ending a two-year rising trend. Overall, imports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2010 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2018, and then declined in the following year.
In value terms, sugar beet imports fell remarkably to $X in 2019. In general, imports, however, showed a pronounced contraction. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2011 to 2019, the growth imports remained at a somewhat lower figure.
Imports by Country
In 2019, Slovakia (X tonnes) constituted the largest supplier of sugar beet to the Czech Republic, accounting for a X% share of total imports. Moreover, sugar beet imports from Slovakia exceeded the figures recorded by the second-largest supplier, Austria (X tonnes), tenfold.
From 2007 to 2019, the average annual rate of growth in terms of volume from Slovakia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-X% per year) and Poland (+X% per year).
In value terms, Slovakia ($X) constituted the largest supplier of sugar beet to the Czech Republic, comprising X% of total imports. The second position in the ranking was occupied by Poland ($X), with a X% share of total imports.
From 2007 to 2019, the average annual rate of growth in terms of value from Slovakia amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+X% per year) and Austria (-X% per year).
Import Prices by Country
In 2019, the average sugar beet import price amounted to $X per tonne, shrinking by -X% against the previous year. Over the period under review, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2012 when the average import price increased by X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2007; however, from 2008 to 2019, import prices failed to regain the momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Poland ($X per tonne), while the price for Slovakia ($X per tonne) was amongst the lowest.
From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Austria, while the prices for the other major suppliers experienced a decline.
Source: IndexBox AI Platform
Frequently Asked Questions (FAQ) :
What are the largest markets for sugar beet in the world?+
The countries with the highest volumes of sugar beet consumption in 2019 were Russia (44M tonnes), France (40M tonnes) and the U.S. (30M tonnes), with a combined 41% share of global consumption. These countries were followed by Germany, Turkey, Poland, Ukraine, China, Egypt, the UK, the Netherlands, Belgium and Belarus, which together accounted for a further 44%.
What are the largest producers of sugar beet in the world?+
The countries with the highest volumes of sugar beet production in 2019 were Russia (44M tonnes), France (40M tonnes) and the U.S. (30M tonnes), together accounting for 41% of global production. These countries were followed by Germany, Turkey, Poland, Ukraine, China, Egypt, the UK, the Netherlands, Belgium and Belarus, which together accounted for a further 44%.
What are the leading suppliers of sugar beet to the Czech Republic?+
In value terms, Slovakia ($3.1M) constituted the largest supplier of sugar beet to the Czech Republic, comprising 50% of total imports. The second position in the ranking was occupied by Poland ($1.2M), with a 20% share of total imports.
What are the leading importers of sugar beet from the Czech Republic?+
In value terms, Slovenia ($235K), Austria ($163K) and Slovakia ($94K) constituted the largest markets for sugar beet exported from the Czech Republic worldwide, with a combined 82% share of total exports.
What is the average export price for sugar beet in the Czech Republic?+
In 2019, the average sugar beet export price amounted to $177 per tonne, with a decrease of -2% against the previous year.
What is the average import price for sugar beet in the Czech Republic?+
In 2019, the average sugar beet import price amounted to $946 per tonne, declining by -21.3% against the previous year.
This report provides an in-depth analysis of the sugar beet market in the Czech Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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