Global Sugar Beet Market 2024

Sugar Beet Market Size

In 2022, the global sugar beet market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption recorded a drastic downturn. As a result, consumption attained the peak level of $X.6B. From 2019 to 2022, the growth of the global market remained at a somewhat lower figure.

Sugar Beet Production

In value terms, sugar beet production surged to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Global production peaked at $X.9B in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Russia (X tons), France (X tons) and the United States (X tons), with a combined X% share of global production. Germany, Turkey, Poland, Egypt, Ukraine, China, the UK, Iran, Belgium and Belarus lagged somewhat behind, together accounting for 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 Egypt (with a CAGR of X%), while production for the other global leaders experienced more modest paces of growth.

In 2022, the global average sugar beet yield was estimated at X tons per ha, leveling off at 2021. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the average sugar beet yield hit record highs at X tons per ha in 2017; however, from 2018 to 2022, the yield remained at a 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, the total area harvested in terms of sugar beet production worldwide contracted slightly to X ha, which is down by X% on 2021 figures. Over the period under review, the harvested area recorded a mild shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2018 to 2022, the growth of the global sugar beet harvested area remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Sugar Beet Exports

Exports

After five years of growth, shipments abroad of sugar beet decreased by X% to X tons in 2022. Over the period under review, total exports indicated modest growth 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, exports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. The global exports peaked at X tons in 2021, and then fell in the following year.

In value terms, sugar beet exports surged to $X in 2022. Overall, exports saw a relatively flat trend pattern. The global exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Germany (X tons) was the key exporter of sugar beet, mixing up X% of total exports. Belgium (X tons) ranks second in terms of the total exports with a X% share, followed by Slovakia (X%), Hungary (X%) and the Netherlands (X%). The following exporters - Lithuania (X tons) and Latvia (X tons) - each finished at 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 the world, with a CAGR of X% from 2012-2022. By contrast, Hungary (X%) and the Netherlands (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Germany, Slovakia, Belgium, Lithuania and Latvia increased by X, X, X, X and X percentage points, respectively.

In value terms, Germany ($X) remains the largest sugar beet supplier worldwide, comprising X% of global exports. The second position in the ranking was held by Slovakia ($X), with a X% share of global 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

The average sugar beet export price stood at $X per ton in 2022, jumping by X% against the previous year. In general, the export price, however, continues to indicate a noticeable descent. The global export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 global leaders experienced more modest paces of growth.

Sugar Beet Imports

Imports

In 2022, approx. X tons of sugar beet were imported worldwide; increasing by X% against 2021. In general, total imports indicated a modest 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%. Over the period under review, global imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, sugar beet imports rose sharply to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. Global imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Switzerland (X tons) represented the key importer of sugar beet, comprising 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 generating a 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 global leaders experienced more modest paces of growth.

In value terms, the largest sugar beet importing markets worldwide were Switzerland ($X), the Czech Republic ($X) and Denmark ($X), together comprising X% of global imports.

Denmark, with a CAGR of X%, recorded 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 global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average sugar beet import price amounted to $X per ton, shrinking by X% against the previous year. In general, the import price saw a perceptible reduction. The most prominent rate of growth was recorded in 2015 an increase of X%. Global import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :