EU: Sugar Market 2022

Sugar Market Size in the EU

After two years of growth, the EU sugar market decreased by -2.5% to $X in 2021. In general, consumption recorded a perceptible slump. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Sugar Production in the EU

In value terms, sugar production reduced to $X in 2021 estimated in export price. Overall, production showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of 28% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2021 were France (X tons), Germany (X tons) and Poland (X tons), together comprising 67% of total production. These countries were followed by the Netherlands, Belgium, the Czech Republic and Spain, which together accounted for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Belgium (with a CAGR of +3.0%), while production for the other leaders experienced more modest paces of growth.

Sugar Exports

Exports in the EU

In 2021, after two years of decline, there was growth in overseas shipments of sugar, when their volume increased by 1.3% to X tons. In general, exports, however, continue to indicate a slight decline. The pace of growth appeared the most rapid in 2018 when exports increased by 18%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, sugar exports expanded remarkably to $X in 2021. Overall, exports, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 17% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, France (X tons) and Germany (X tons) represented the major exporters of sugar in the European Union, together generating 51% of total exports. Poland (X tons) held the next position in the ranking, followed by Belgium (X tons) and the Netherlands (X tons). All these countries together held near 27% share of total exports. The following exporters - the Czech Republic (X tons), Portugal (X tons), Denmark (X tons), Austria (X tons) and Lithuania (X tons) - together made up 15% of total exports.

From 2012 to 2021, the biggest increases were in the Netherlands (with a CAGR of +8.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest sugar supplying countries in the European Union were Germany ($X), France ($X) and Belgium ($X), with a combined 57% share of total exports. Poland, the Netherlands, the Czech Republic, Portugal, Denmark, Austria and Lithuania lagged somewhat behind, together accounting for a further 34%.

The Netherlands, with a CAGR of +2.9%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, rising by 9.6% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced shrinkage. The growth pace was the most rapid in 2020 when the export price increased by 16%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in the Netherlands ($X per ton) and Belgium ($X per ton), while France ($X per ton) and Portugal ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (-2.7%), while the other leaders experienced a decline in the export price figures.

Sugar Imports

Imports in the EU

In 2021, approx. X tons of sugar were imported in the European Union; rising by 1.8% against 2020. Over the period under review, imports, however, continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2019 with an increase of 9% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, sugar imports reached $X in 2021. Overall, imports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 9.4% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Italy (X tons) and Spain (X tons) represented the main importers of sugar in the European Union, together finishing at approx. 38% of total imports. It was distantly followed by Belgium (X tons), Germany (X tons), Romania (X tons), Portugal (X tons) and France (X tons), together making up a 32% share of total imports. Greece (X tons), Austria (X tons), the Netherlands (X tons), Hungary (X tons), Bulgaria (X tons) and Poland (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Austria (with a CAGR of +4.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sugar importing markets in the European Union were Italy ($X), Spain ($X) and Belgium ($X), with a combined 44% share of total imports. These countries were followed by Germany, France, Romania, Portugal, Greece, the Netherlands, Austria, Hungary, Bulgaria and Poland, which together accounted for a further 44%.

Austria, with a CAGR of -0.2%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, picking up by 6.2% against the previous year. Overall, the import price, however, recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2017 an increase of 8% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was France ($X per ton), while Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (-1.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform