Czech Republic: Sugar Beet Market Overview 2020

Sugar Beet Market Size in the Czech Republic

The revenue of the sugar beet market in the Czech Republic amounted to $X in 2018, coming down by -X% against the previous year. Overall, the total market indicated a temperate expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Sugar beet consumption peaked at $X in 2014; however, from 2015 to 2018, consumption stood at a somewhat lower figure.

Sugar Beet Production in the Czech Republic

In value terms, sugar beet production amounted to $X in 2018 estimated in export prices. In general, sugar beet production continues to indicate an abrupt shrinkage. 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 2018, production remained at a lower figure.

In 2018, the average yield of sugar beet in the Czech Republic amounted to X tonne per ha, jumping by X% against the previous year. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Sugar beet yield peaked at X tonne per ha in 2014; however, from 2015 to 2018, 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 2018, the total area harvested in terms of sugar beet production in the Czech Republic amounted to X ha, growing by X% against the previous year. The harvested area increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2017 when harvested area increased by X% year-to-year. Over the period under review, the harvested area dedicated to sugar beet production reached its peak figure in 2018 and is expected to retain its growth in the near future.

Sugar Beet Exports

Exports from the Czech Republic

Sugar beet exports from the Czech Republic totaled X tonnes in 2018, growing by X% against the previous year. Overall, sugar beet exports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X% year-to-year. In that year, sugar beet exports reached their peak of X tonnes. From 2017 to 2018, the growth of sugar beet exports failed to regain its momentum.

In value terms, sugar beet exports stood at $X in 2018. Overall, sugar beet exports continue to indicate a pronounced setback. The pace of growth was the most pronounced in 2016 when exports increased by X% year-to-year. In that year, sugar beet exports attained their peak of $X. From 2017 to 2018, the growth of sugar beet exports failed to regain its momentum.

Exports by Country

The UK (X tonnes), Germany (X tonnes) and Slovenia (X tonnes) were the main destinations of sugar beet exports from the Czech Republic, with a combined X% share of total exports. Slovakia and Italy lagged somewhat behind, together comprising a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Slovakia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) remains the key foreign market for sugar beet exports from the Czech Republic, comprising X% of total sugar beet exports. The second position in the ranking was occupied by Italy ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to the UK stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and Germany (-X% per year).

Export Prices by Country

In 2018, the average sugar beet export price amounted to $X per tonne, lowering by -X% against the previous year. In general, the sugar beet export price continues to indicate an abrupt decline. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% year-to-year. In that year, the average export prices for sugar beet attained their peak level of $X per tonne. From 2014 to 2018, the growth in terms of the average export prices for sugar beet failed to regain its momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Italy ($X per tonne), while the average price for exports to Slovenia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Italy, while the prices for the other major destinations experienced a decline.

Sugar Beet Imports

Imports into the Czech Republic

In 2018, approx. X tonnes of sugar beet were imported into the Czech Republic; growing by X% against the previous year. Over the period under review, sugar beet imports continue to indicate prominent growth. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Imports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, sugar beet imports amounted to $X in 2018. In general, sugar beet imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. In that year, sugar beet imports attained their peak of $X. From 2011 to 2018, the growth of sugar beet imports remained at a lower figure.

Imports by Country

In 2018, Slovakia (X tonnes) was the main sugar beet supplier 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), more than tenfold.

From 2007 to 2018, the average annual rate of growth in terms of volume from Slovakia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-X% per year) and Germany (+X% per year).

In value terms, Austria ($X), Slovakia ($X) and Germany ($X) were the largest sugar beet suppliers to the Czech Republic, together comprising X% of total imports.

Slovakia (+X% per year) recorded the highest rates of growth with regard to imports, among the main suppliers over the last eleven-year period, while the other leaders experienced a decline.

Import Prices by Country

The average sugar beet import price stood at $X per tonne in 2018, declining by -X% against the previous year. Over the period under review, the sugar beet import price continues to indicate an abrupt descent. The most prominent rate of growth was recorded in 2013 an increase of X% year-to-year. Over the period under review, the average import prices for sugar beet attained their maximum at $X per tonne in 2007; however, from 2008 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Austria ($X per tonne), while the price for Germany ($X per tonne) was amongst the lowest.

From 2007 to 2018, 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