Scandinavia: Sugar Beet Market 2024

Sugar Beet Market Size in Scandinavia

The Scandinavia sugar beet market declined to $X in 2022, waning by X% against the previous year. In general, consumption showed a mild decline. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Sugar Beet Production in Scandinavia

In value terms, sugar beet production totaled $X in 2022 estimated in export price. Over the period under review, production continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Sweden (X tons) remains the largest sugar beet producing country in Scandinavia, comprising approx. X% of total volume. Moreover, sugar beet production in Sweden exceeded the figures recorded by the second-largest producer, Finland (X tons), fivefold.

In Sweden, sugar beet production declined by an average annual rate of X% over the period from 2012-2022.

The average sugar beet yield contracted slightly to X tons per ha in 2022, with a decrease of X% compared with 2021 figures. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2016 to 2022, the growth of the sugar beet yield remained 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 2022, the sugar beet harvested area in Scandinavia shrank to X ha, falling by X% on 2021. Overall, the harvested area showed a perceptible contraction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Sugar Beet Exports

Exports in Scandinavia

In 2022, overseas shipments of sugar beet increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sugar beet exports surged to $X in 2022. In general, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the one major exporters of sugar beet, namely Sweden, represented more than two-thirds of total export.

Sweden was also the fastest-growing in terms of the sugar beet exports, with a CAGR of X% from 2012 to 2022. While the share of Sweden (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) also remains the largest sugar beet supplier in Scandinavia.

In Sweden, sugar beet exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price recorded moderate growth. The growth pace was the most rapid in 2019 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

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

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

Sugar Beet Imports

Imports in Scandinavia

In 2022, approx. X tons of sugar beet were imported in Scandinavia; growing by X% against the previous year's figure. Over the period under review, imports, however, faced a abrupt descent. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, sugar beet imports skyrocketed to $X in 2022. In general, imports continue to indicate a significant increase. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Sweden (X tons) represented the major importer of sugar beet, comprising X% of total imports. Norway (X kg) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Finland (X%).

Sweden was also the fastest-growing in terms of the sugar beet imports, with a CAGR of X% from 2012 to 2022. Finland (X%) and Norway (X%) illustrated a downward trend over the same period. While the share of Sweden (X p.p.) and Finland (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Norway (X p.p.) displayed negative dynamics.

In value terms, Sweden ($X) constitutes the largest market for imported sugar beet in Scandinavia, comprising X% of total imports. The second position in the ranking was held by Norway ($X), with a X% share of total imports.

In Sweden, sugar beet imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Norway (X% per year) and Finland (X% per year).

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price continues to indicate significant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sweden ($X per ton), while Finland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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