Europe: Sugar Beet Market 2024

Sugar Beet Market Size in Europe

The Europe sugar beet market expanded remarkably to $X in 2022, surging by X% against the previous year. Over the period under review, consumption showed a slight reduction. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Sugar Beet Production in Europe

In value terms, sugar beet production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production recorded a dramatic downturn. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production attained the peak level at $X.2B in 2012; however, from 2013 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were Russia (X tons), France (X tons) and Germany (X tons), with a combined X% share of total production. Poland, Ukraine, the UK, Belgium, Belarus, the Czech Republic and Austria lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average sugar beet yield stood at X tons per ha in 2022, remaining constant against the year before. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the sugar beet yield reached the maximum level at X tons per ha in 2014; however, from 2015 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of sugar beet were harvested in Europe; which is down by X% against the previous year. Overall, the harvested area saw a mild descent. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to sugar beet production reached the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Sugar Beet Exports

Exports in Europe

In 2022, shipments abroad of sugar beet decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, exports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, sugar beet exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate noticeable growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany represented the main exporting country with an export of around X tons, which reached X% of total exports. Belgium (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Slovakia (X%), Hungary (X%) and the Netherlands (X%). The following exporters - Lithuania (X tons) and Latvia (X tons) - each recorded a X% share of total exports.

Exports from Germany increased at an average annual rate of X% from 2012 to 2022. At the same time, Lithuania (X%), Latvia (X%), Slovakia (X%) and Belgium (X%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. By contrast, Hungary (X%) and the Netherlands (X%) illustrated a downward trend over the same period. While the share of Germany (X p.p.), Slovakia (X p.p.), Lithuania (X p.p.) and Latvia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Hungary (X p.p.) and the Netherlands (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Germany totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Slovakia (X% per year) and Belgium (X% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price, however, recorded a slight decrease. The level of export peaked 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 the Netherlands ($X per ton), while Hungary ($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 more modest paces of growth.

Sugar Beet Imports

Imports in Europe

For the seventh year in a row, Europe recorded growth in overseas purchases of sugar beet, which increased by X% to X tons in 2022. Total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. The growth pace was the most rapid in 2014 when imports increased by X%. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, sugar beet imports amounted to $X in 2022. Total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Switzerland (X tons) was the main importer of sugar beet, achieving X% of total imports. The Czech Republic (X tons) held the second position in the ranking, distantly followed by Croatia (X tons), Lithuania (X tons) and Belgium (X tons). All these countries together took approx. X% share of total imports. The following importers - Hungary (X tons) and Denmark (X tons) - together made up X% of total imports.

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

In value terms, Switzerland ($X), the Czech Republic ($X) and Denmark ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports.

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

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, waning by X% against the previous year. In general, the import price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2015 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood 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 Denmark ($X per ton), while Croatia ($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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