Moldova: Sugar Beet Market 2020

Sugar Beet Market Size in Moldova

The revenue of the sugar beet market in Moldova amounted to $X in 2018, waning by -X% against the previous year. In general, sugar beet consumption continues to indicate a mild descent. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Moldova sugar beet consumption peaked at $X in 2014; however, from 2015 to 2018, consumption stood at a somewhat lower figure.

Sugar Beet Production in Moldova

In value terms, sugar beet production amounted to $X in 2018 estimated in export prices. Over the period under review, sugar beet production continues to indicate a drastic setback. The most prominent rate of growth was recorded in 2010 when production volume increased by X% y-o-y. Over the period under review, sugar beet production reached its maximum level at $X in 2014; however, from 2015 to 2018, production stood at a somewhat lower figure.

Average yield of sugar beet in Moldova stood at X ton per ha in 2018, rising by X% against the previous year. Overall, the sugar beet yield continues to indicate resilient growth. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. The global sugar beet yield peaked at X ton per ha in 2014; however, from 2015 to 2018, yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, approx. X ha of sugar beet were harvested in Moldova; dropping by -X% against the previous year. In general, the sugar beet harvested area continues to indicate a moderate downturn. The pace of growth was the most pronounced in 2010 when harvested area increased by X% year-to-year. The global sugar beet harvested area peaked at X ha in 2007; however, from 2008 to 2018, harvested area stood at a somewhat lower figure.

Sugar Beet Exports

Exports by Country

Germany was the largest exporter of sugar beet exported in the world, with the volume of exports reaching X tons, which was near X% of total exports in 2018. Austria (X tons) occupied the second position in the ranking, followed by Belgium (X tons). All these countries together held approx. X% share of total exports. The following exporters - Slovenia (X tons), Slovakia (X tons), Egypt (X tons) and Croatia (X tons) - together made up X% of total exports.

Exports from Germany increased at an average annual rate of +X% from 2007 to 2018. At the same time, Slovenia (+X%), Belgium (+X%), Egypt (+X%), Croatia (+X%) and Slovakia (+X%) displayed positive paces of growth. Moreover, Slovenia emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2018. By contrast, Austria (-X%) illustrated a downward trend over the same period. Germany (+X p.p.), Belgium (+X p.p.) and Slovenia (+X p.p.) significantly strengthened its position in terms of the global exports, while Austria saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Germany, sugar beet exports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Slovakia (+X% per year) and Austria (-X% per year).

Export Prices by Country

In 2018, the sugar beet export price in Moldova amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the sugar beet export price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Slovakia ($X per ton), while Germany ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Slovakia (+X% per year), while the other leaders experienced more modest paces of growth.

Sugar Beet Imports

Imports by Country

The countries with the highest levels of sugar beet imports in 2018 were Switzerland (X tons), the Netherlands (X tons), Croatia (X tons) and the Czech Republic (X tons), together finishing at X% of total import. The following importers - Slovakia (X tons), the UK (X tons), Singapore (X tons), Ireland (X tons), Russia (X tons) and Belgium (X tons) - together made up X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Ireland, while imports for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Croatia ($X) and the Czech Republic ($X) constituted the countries with the highest levels of imports in 2018, together accounting for X% of total imports. These countries were followed by the Netherlands, Slovakia, the UK, Russia, Belgium, Ireland and Singapore, which together accounted for a further X recorded the highest growth rate of market size, in terms of the main importing countries over the period under review, while imports for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the sugar beet import price in Moldova amounted to $X per ton, remaining constant against the previous year. Over the period under review, the sugar beet import price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Slovakia ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform