Eastern Europe: Sugar Market 2024

Sugar Market Size in Eastern Europe

The East European sugar market contracted slightly to $X in 2022, approximately equating the previous year. Over the period under review, consumption continues to indicate a mild decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Sugar Production in Eastern Europe

In value terms, sugar production fell modestly to $X in 2022 estimated in export price. Overall, production saw a noticeable decrease. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The country with the largest volume of sugar production was Russia (X tons), comprising approx. X% of total volume. Moreover, sugar production in Russia exceeded the figures recorded by the second-largest producer, Poland (X tons), threefold. Ukraine (X tons) ranked third in terms of total production with an X% share.

From 2012 to 2022, the average annual growth rate of volume in Russia totaled X%. The remaining producing countries recorded the following average annual rates of production growth: Poland (X% per year) and Ukraine (X% per year).

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Sugar Exports

Exports in Eastern Europe

In 2022, the amount of sugar exported in Eastern Europe rose markedly to X tons, picking up by X% on the previous year. Over the period under review, exports, however, recorded a dramatic slump. The pace of growth appeared the most rapid in 2020 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, sugar exports skyrocketed to $X in 2022. In general, exports, however, showed a dramatic downturn. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The Czech Republic was the key exporting country with an export of around X tons, which reached X% of total exports. Poland (X tons) took the second position in the ranking, distantly followed by Ukraine (X tons) and Bulgaria (X tons). All these countries together took approx. X% share of total exports. The following exporters - Romania (X tons), Hungary (X tons) and Slovakia (X tons) - each reached a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Ukraine (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

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

In the Czech Republic, sugar exports declined by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Poland (X% per year) and Slovakia (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Slovakia ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (X%), while the other leaders experienced more modest paces of growth.

Sugar Imports

Imports in Eastern Europe

In 2022, approx. X tons of sugar were imported in Eastern Europe; increasing by X% compared with the year before. In general, imports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, sugar imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Russia (X tons) represented the largest importer of sugar, comprising X% of total imports. Romania (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Bulgaria (X%). Hungary (X tons), the Czech Republic (X tons) and Poland (X tons) took a little share of total imports.

Imports into Russia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Bulgaria (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Hungary (X%), Romania (X%) and Poland (X%) illustrated a downward trend over the same period. While the share of Bulgaria (X p.p.), Romania (X p.p.) and the Czech Republic (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Poland (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported sugar in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Romania ($X), with a X% share of total imports. It was followed by Bulgaria, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Romania (X% per year) and Bulgaria (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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