Europe: Sugar Crop Market 2024

Sugar Crop Market Size in Europe

The Europe sugar crop market was estimated at $X in 2022, picking up by X% against the previous year. Over the period under review, consumption recorded a noticeable contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Sugar Crop Production in Europe

In value terms, sugar crop production skyrocketed to $X in 2022 estimated in export price. In general, production showed a dramatic slump. The pace of growth appeared the most rapid in 2015 when the production volume increased by X%. The level of production peaked at $X.1B in 2012; however, from 2013 to 2022, production remained at a lower figure.

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 most notable rate of growth in terms of production, amongst the main producing countries, was attained by Poland (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average yield of sugar crops in Europe stood at X tons per ha, therefore, remained relatively stable against 2021 figures. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when the yield increased by X%. Over the period under review, the sugar crop yield attained 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.

The sugar crop harvested area declined slightly to X ha in 2022, waning by X% on the previous year's figure. In general, the harvested area continues to indicate a slight slump. The pace of growth was the most pronounced in 2017 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to sugar crop production reached the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Sugar Crop Exports

Exports in Europe

After five years of growth, overseas shipments of sugar crops decreased by X% to X tons in 2022. Overall, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The volume of export peaked at X tons in 2021, and then dropped in the following year.

In value terms, sugar crop exports skyrocketed to $X in 2022. In general, exports, however, showed a resilient increase. The growth pace was the most rapid in 2020 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Germany represented the key exporter of sugar crops in Europe, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. 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%). Spain (X tons) and Lithuania (X tons) held a relatively small 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%), Slovakia (X%), Spain (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 Belgium (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 ($X) remains the largest sugar crop supplier in Europe, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with an X% share of total exports. It was followed by Hungary, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Germany totaled X%. In the other countries, the average annual rates were as follows: Spain (X% per year) and Hungary (X% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Spain ($X per ton), while Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, 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.

Sugar Crop Imports

Imports in Europe

For the seventh year in a row, Europe recorded growth in supplies from abroad of sugar crops, which increased by X% to X tons in 2022. Total imports indicated a buoyant expansion 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 pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, sugar crop imports skyrocketed to $X in 2022. In general, imports posted prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Switzerland was the main importing country with an import of around X tons, which accounted for X% of total imports. It was distantly followed by the Czech Republic (X tons), Croatia (X tons), Lithuania (X tons) and Belgium (X tons), together constituting a X% share of total imports. The following importers - Hungary (X tons) and Denmark (X tons) - each reached a X% share of total imports.

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

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

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

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2015 when the import price increased by X%. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: 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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