Ireland: Sugar Crop Market 2024

Sugar Crop Market Size in Ireland

The Irish sugar crop market stood at $X in 2022, flattening at the previous year. In general, consumption, however, recorded a mild setback. The most prominent rate of growth was recorded in 2017 when the market value increased by X% against the previous year. Sugar crop consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Sugar Crop Production in Ireland

In value terms, sugar crop production declined to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a pronounced contraction. The pace of growth appeared the most rapid in 2016 with an increase of X%. Sugar crop production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

The average yield of sugar crops in Ireland totaled X tons per ha in 2022, approximately mirroring 2021. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X%. The sugar crop yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of sugar crops in Ireland stood at X ha, remaining constant against the previous year's figure. In general, the harvested area, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to sugar crop production reached the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

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Sugar Crop Exports

Exports from Ireland

In 2022, approx. X kg of sugar crops were exported from Ireland; declining by X% against the previous year's figure. In general, exports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, sugar crop exports surged to $X in 2022. Over the period under review, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2017 when exports increased by X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The UK (X kg) was the main destination for sugar crop exports from Ireland, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK totaled X%.

In value terms, the UK ($X) also remains the key foreign market for sugar crops exports from Ireland.

From 2012 to 2022, the average annual growth rate of value to the UK totaled X%.

Export Prices by Country

The average sugar crop export price stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price continues to indicate significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the UK.

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

Sugar Crop Imports

Imports into Ireland

After four years of decline, purchases abroad of sugar crops increased by X% to X tons in 2022. Overall, imports, however, showed a dramatic downturn. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, sugar crop imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a deep slump. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the UK (X tons) constituted the largest supplier of sugar crop to Ireland, accounting for a X% share of total imports. Moreover, sugar crop imports from the UK exceeded the figures recorded by the second-largest supplier, Spain (X tons), fourfold. The third position in this ranking was held by Belgium (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Belgium (X% per year).

In value terms, the UK ($X), India ($X) and the Netherlands ($X) were the largest sugar crop suppliers to Ireland, with a combined X% share of total imports.

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

Import Prices by Country

In 2022, the average sugar crop import price amounted to $X per ton, jumping by X% against the previous year. Overall, the import price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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