MENA: Sugar Beet Market 2024

Sugar Beet Market Size in MENA

The MENA's sugar beet market stood at $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Sugar Beet Production in MENA

In value terms, sugar beet production expanded sharply to $X in 2022 estimated in export price. Overall, production showed a noticeable downturn. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Turkey (X tons), Egypt (X tons) and Iran (X tons), together comprising X% of total production.

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 leaders experienced more modest paces of growth.

The average sugar beet yield stood at X tons per ha in 2022, surging by X% against 2021 figures. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 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 2021 to 2022, the growth of the 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.

In 2022, approx. X ha of sugar beet were harvested in MENA; which is down by X% compared with the previous year. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of harvested area peaked at X ha in 2016; however, from 2017 to 2022, the harvested area remained at a lower figure.

Sugar Beet Exports

Exports in MENA

In 2022, shipments abroad of sugar beet increased by X% to X tons, rising for the second consecutive year after three years of decline. Overall, exports saw a significant expansion. The growth pace was the most rapid in 2015 with an increase of X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, sugar beet exports soared to $X in 2022. Over the period under review, exports posted a buoyant expansion. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Egypt represented the main exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by Saudi Arabia (X tons), creating an X% share of total exports. The United Arab Emirates (X tons) followed a long way behind the leaders.

Egypt was also the fastest-growing in terms of the sugar beet exports, with a CAGR of X% from 2012 to 2022. At the same time, Saudi Arabia (X%) and the United Arab Emirates (X%) displayed positive paces of growth. From 2012 to 2022, the share of Egypt increased by X percentage points.

In value terms, Egypt ($X), Saudi Arabia ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Egypt, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat 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 United Arab Emirates ($X per ton), while Egypt ($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 United Arab Emirates (X%), while the other leaders experienced mixed trends in the export price figures.

Sugar Beet Imports

Imports in MENA

In 2022, approx. X tons of sugar beet were imported in MENA; increasing by X% on the previous year. Over the period under review, imports, however, faced a deep setback. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, sugar beet imports soared to $X in 2022. In general, imports continue to indicate a measured increase. The growth pace was the most rapid in 2021 when imports increased by X%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

In 2022, Oman (X tons) represented the main importer of sugar beet, achieving X% of total imports. It was distantly followed by the United Arab Emirates (X tons), comprising an X% share of total imports. Yemen (X tons), Palestine (X tons) and Saudi Arabia (X tons) followed a long way behind the leaders.

Oman was also the fastest-growing in terms of the sugar beet imports, with a CAGR of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) and Yemen (X%) displayed positive paces of growth. By contrast, Saudi Arabia (X%) and Palestine (X%) illustrated a downward trend over the same period. While the share of Oman (X p.p.), the United Arab Emirates (X p.p.), Yemen (X p.p.), Palestine (X p.p.) and Saudi Arabia (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest sugar beet importing markets in MENA were Oman ($X), the United Arab Emirates ($X) and Palestine ($X), with a combined X% share of total imports.

Among the main importing countries, the United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price posted prominent growth. The pace of growth was the most pronounced in 2016 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($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 United Arab Emirates (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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