Eastern Europe: Sugar Beet Market 2024

Sugar Beet Market Size in Eastern Europe

The East European sugar beet market rose significantly to $X in 2022, growing by X% against the previous year. Overall, consumption, however, continues to indicate a slight decline. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Sugar Beet Production in Eastern Europe

In value terms, sugar beet production surged to $X in 2022 estimated in export price. In general, production, however, faced a dramatic shrinkage. 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 reached the maximum level at $X.5B in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Russia (X tons) constituted the country with the largest volume of sugar beet production, comprising approx. X% of total volume. Moreover, sugar beet production in Russia exceeded the figures recorded by the second-largest producer, Poland (X tons), threefold. The third position in this ranking was taken by Ukraine (X tons), with a X% share.

In Russia, sugar beet production remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Poland (X% per year) and Ukraine (X% per year).

In 2022, the average yield of sugar beet in Eastern Europe rose rapidly to X tons per ha, picking up by X% on 2021. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The level of yield peaked in 2022 and is expected to retain growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of sugar beet production in Eastern Europe dropped modestly to X ha, waning by X% against 2021. Over the period under review, the harvested area saw a pronounced curtailment. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

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Sugar Beet Exports

Exports in Eastern Europe

In 2022, sugar beet exports in Eastern Europe reduced to X tons, which is down by X% compared with 2021 figures. Overall, exports, however, recorded a measured expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, sugar beet exports rose sharply to $X in 2022. Over the period under review, exports, however, showed a notable expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

Slovakia (X tons) and Hungary (X tons) prevails in exports structure, together comprising X% of total exports. Lithuania (X tons) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Latvia (X%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Lithuania (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X) remains the largest sugar beet supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Hungary ($X), with a X% share of total exports. It was followed by Latvia, with an X% share.

In Slovakia, sugar beet exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Hungary (X% per year) and Latvia (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Latvia ($X per ton), while Hungary ($X per ton) was amongst the lowest.

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

Sugar Beet Imports

Imports in Eastern Europe

In 2022, overseas purchases of sugar beet increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports posted a prominent expansion. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, sugar beet imports surged to $X in 2022. Overall, imports showed a strong increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

In 2022, the Czech Republic (X tons) represented the main importer of sugar beet, creating X% of total imports. It was distantly followed by Lithuania (X tons) and Hungary (X tons), together committing a X% share of total imports.

Imports into the Czech Republic increased at an average annual rate of X% from 2012 to 2022. At the same time, Lithuania (X%) and Hungary (X%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Lithuania and Hungary increased by X and X percentage points, respectively.

In value terms, the Czech Republic ($X) constitutes the largest market for imported sugar beet in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Hungary ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the Czech Republic amounted to X%. In the other countries, the average annual rates were as follows: Hungary (X% per year) and Lithuania (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the import price showed a slight curtailment. The growth pace was the most rapid in 2020 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Hungary ($X per ton), while Lithuania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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