EU: Sugars Market 2024

Sugars Market Size in the EU

The EU sugars market dropped slightly to $X in 2023, leveling off at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2022, and then shrank slightly in the following year.

Sugars Production in the EU

In value terms, sugars production declined slightly to $X in 2023 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Sugars Exports

Exports in the EU

In 2023, after two years of growth, there was decline in shipments abroad of sugars, sugar ethers and salts, when their volume decreased by X% to X tons. The total export volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X%. The volume of export peaked at X tons in 2022, and then contracted in the following year.

In value terms, sugars exports skyrocketed to $X in 2023. Overall, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the immediate term.

Exports by Country

In 2023, Germany (X tons) was the key exporter of sugars, sugar ethers and salts, generating X% of total exports. France (X tons) took the second position in the ranking, followed by Austria (X tons) and the Netherlands (X tons). All these countries together took near X% share of total exports. The following exporters - Denmark (X tons) and Belgium (X tons) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to sugars exports from Germany stood at X%. At the same time, the Netherlands (X%), Belgium (X%) and Denmark (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. By contrast, France (X%) and Austria (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Germany and the Netherlands increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest sugars supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Belgium ($X), with a X% share of total exports. It was followed by France, with an X% share.

In Germany, sugars exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Belgium (X% per year) and France (X% per year).

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price showed resilient growth. The pace of growth appeared the most rapid in 2020 when the export price increased by X%. The level of export peaked in 2023 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while Germany ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the other leaders experienced more modest paces of growth.

Sugars Imports

Imports in the EU

For the fifth consecutive year, the European Union recorded growth in purchases abroad of sugars, sugar ethers and salts, which increased by X% to X tons in 2023. Over the period under review, imports saw buoyant growth. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. The volume of import peaked in 2023 and is expected to retain growth in years to come.

In value terms, sugars imports rose modestly to $X in 2023. Overall, imports saw a prominent expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the near future.

Imports by Country

In 2023, Spain (X tons), Poland (X tons), the Netherlands (X tons), Belgium (X tons) and Italy (X tons) was the largest importer of sugars, sugar ethers and salts in the European Union, creating X% of total import. Germany (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by France (X%) and Finland (X%).

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Belgium (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sugars importing markets in the European Union were the Netherlands ($X), Germany ($X) and Finland ($X), together accounting for X% of total imports.

The Netherlands, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2023, dropping by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 an increase of X%. The level of import peaked at $X per ton in 2021; however, from 2022 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Finland ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Finland (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform