Iran: Sugar Beet Market 2024

Sugar Beet Market Size in Iran

For the fifth year in a row, the Iranian sugar beet market recorded decline in sales value, which decreased by X% to $X in 2022. In general, consumption saw a noticeable reduction. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Sugar Beet Production in Iran

In value terms, sugar beet production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Sugar beet production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The average yield of sugar beet in Iran fell modestly to X tons per ha in 2022, standing approx. at the previous year. Over the period under review, the yield indicated a moderate increase from 2012 to 2022: its figure 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, sugar beet yield decreased by X% against 2017 indices. The pace of growth was the most pronounced in 2017 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2018 to 2022, the growth of the average sugar beet 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.

The sugar beet harvested area in Iran dropped modestly to X ha in 2022, with a decrease of X% against 2021. Overall, the harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The sugar beet harvested area peaked at X ha in 2016; however, from 2017 to 2022, the harvested area stood at a somewhat lower figure.

Sugar Beet Exports

Exports from Iran

In 2022, approx. X tons of sugar beet were exported from Iran; jumping by X% compared with the previous year. In general, exports enjoyed a significant expansion. The growth pace was the most rapid in 2019 when exports increased by X%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, sugar beet exports soared to $X in 2022. Overall, exports saw a prominent increase. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Iraq (X tons) was the main destination for sugar beet exports from Iran, with a X% share of total exports. Moreover, sugar beet exports to Iraq exceeded the volume sent to the second major destination, the UK (X kg), twofold. Qatar (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Iraq amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Qatar (X% per year).

In value terms, Iraq ($X), the UK ($X) and Qatar ($X) were the largest markets for sugar beet exported from Iran worldwide, with a combined X% share of total exports.

Among the main countries of destination, the UK, with a CAGR of X%, saw the highest rates of growth with regard to 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 2022, the average sugar beet export price amounted to $X per ton, falling by X% against the previous year. In general, the export price saw a deep downturn. The most prominent rate of growth was recorded in 2019 a decrease of X% against the previous year. The export price 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 for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Qatar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (X%), while the prices for the other major destinations experienced a decline.

Sugar Beet Imports

Imports into Iran

After nine years of decline, overseas purchases of sugar beet increased by X% to X tons in 2022. In general, imports, however, continue to indicate a significant contraction. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, sugar beet imports surged to $X in 2022. Overall, imports, however, faced a sharp decline. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Azerbaijan (X tons) was the main sugar beet supplier to Iran, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Azerbaijan amounted to X%.

In value terms, Azerbaijan ($X) constituted the largest supplier of sugar beet to Iran.

From 2012 to 2022, the average annual rate of growth in terms of value from Azerbaijan totaled X%.

Import Prices by Country

The average sugar beet import price stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the import price, however, saw a significant expansion. The growth pace was the most rapid in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2021, and then declined in the following year.

As there is only one major supplying country, the average price level is determined by prices for Azerbaijan.

From 2012 to 2022, the rate of growth in terms of prices for Azerbaijan amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :