Europe: Sugar Market 2022

Sugar Market Size in Europe

The Europe sugar market reached $X in 2021, stabilizing at the previous year. Over the period under review, consumption, however, recorded a perceptible decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Sugar Production in Europe

In value terms, sugar production reduced to $X in 2021 estimated in export price. Overall, production continues to indicate a perceptible decline. The pace of growth was the most pronounced in 2017 when the production volume increased by 18% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

The countries with the highest volumes of production in 2021 were Russia (X tons), France (X tons) and Germany (X tons), together comprising 57% of total production.

From 2012 to 2021, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Russia (with a CAGR of +4.0%), while production for the other leaders experienced more modest paces of growth.

Sugar Exports

Exports in Europe

In 2021, shipments abroad of sugar decreased by -11.7% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, exports saw a slight descent. The most prominent rate of growth was recorded in 2017 when exports increased by 19%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, sugar exports stood at $X in 2021. In general, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2017 with an increase of 18% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

France (X tons) and Germany (X tons) were the major exporters of sugar in 2021, amounting to near 22% and 22% of total exports, respectively. Poland (X tons) ranks next in terms of the total exports with an 8.8% share, followed by Belgium (7.5%), the Netherlands (6.9%) and Russia (6.1%). The following exporters - the Czech Republic (X tons), Portugal (X tons), Belarus (X tons), Denmark (X tons), Serbia (X tons) and Austria (X tons) - together made up 17% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Russia (with a CAGR of +23.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest sugar supplying countries in Europe were Germany ($X), France ($X) and Belgium ($X), together accounting for 49% of total exports. Poland, the Netherlands, Russia, the Czech Republic, Portugal, Denmark, Belarus, Serbia and Austria lagged somewhat behind, together comprising a further 39%.

Among the main exporting countries, Russia, with a CAGR of +20.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Europe amounted to $X per ton, picking up by 14% against the previous year. Over the period under review, the export price, however, saw a perceptible setback. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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 Belarus (-1.9%), while the other leaders experienced a decline in the export price figures.

Sugar Imports

Imports in Europe

In 2021, the amount of sugar imported in Europe expanded modestly to X tons, picking up by 3.4% against the year before. Overall, imports, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2019 with an increase of 6.2% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, sugar imports rose rapidly to $X in 2021. In general, imports, however, showed a abrupt descent. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), Bosnia and Herzegovina (X tons) and Spain (X tons) represented roughly 39% of total imports in 2021. The UK (X tons) took the next position in the ranking, followed by Belgium (X tons) and Germany (X tons). All these countries together took near 18% share of total imports. Romania (X tons), Portugal (X tons), Ukraine (X tons), France (X tons), Greece (X tons), Austria (X tons) and the Netherlands (X tons) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Bosnia and Herzegovina (with a CAGR of +13.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sugar importing markets in Europe were Bosnia and Herzegovina ($X), Italy ($X) and Spain ($X), together comprising 38% of total imports.

Bosnia and Herzegovina, with a CAGR of +14.3%, 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 mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Europe amounted to $X per ton, rising by 7% against the previous year. Over the period under review, the import price, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2017 when the import price increased by 7.5%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Ukraine ($X per ton), while Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+2.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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