Slovenia: Sugar Beet Market 2024

Sugar Beet Market Size in Slovenia

After two years of decline, the Slovene sugar beet market increased by X% to $X in 2022. Overall, consumption showed a mild decline. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Sugar Beet Production in Slovenia

In value terms, sugar beet production fell to $X in 2022 estimated in export price. Overall, production, however, saw prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

In 2022, the average yield of sugar beet in Slovenia contracted notably to X tons per ha, which is down by X% on 2021 figures. In general, the yield recorded a sharp slump. 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 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.

In 2022, approx. X ha of sugar beet were harvested in Slovenia; with a decrease of X% compared with 2021. In general, the harvested area saw a significant curtailment. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The sugar beet harvested area peaked at X ha in 2019; however, from 2020 to 2022, the harvested area stood at a somewhat lower figure.

Sugar Beet Exports

Exports from Slovenia

After five years of growth, overseas shipments of sugar beet decreased by X% to X tons in 2022. In general, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2018 with an increase of X%. The exports peaked at X tons in 2021, and then shrank significantly in the following year.

In value terms, sugar beet exports contracted to $X in 2022. Overall, exports, however, recorded a significant increase. The growth pace was the most rapid in 2017 with an increase of X%. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Croatia (X tons) was the main destination for sugar beet exports from Slovenia, accounting for a X% share of total exports. Moreover, sugar beet exports to Croatia exceeded the volume sent to the second major destination, Italy (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume to Croatia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and the Czech Republic (X% per year).

In value terms, Italy ($X) emerged as the key foreign market for sugar beet exports from Slovenia, comprising X% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Croatia (X% per year).

Export Prices by Country

In 2022, the average sugar beet export price amounted to $X per ton, jumping by X% against the previous year. Overall, the export price enjoyed a strong expansion. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Croatia ($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 the Czech Republic (X%), while the prices for the other major destinations experienced mixed trend patterns.

Sugar Beet Imports

Imports into Slovenia

In 2022, after two years of decline, there was significant growth in purchases abroad of sugar beet, when their volume increased by X% to X tons. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, sugar beet imports soared to $X in 2022. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Croatia (X tons) constituted the largest sugar beet supplier to Slovenia, accounting for a X% share of total imports. Moreover, sugar beet imports from Croatia exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), eightfold.

From 2012 to 2022, the average annual growth rate of volume from Croatia stood at X%.

In value terms, Croatia ($X) constituted the largest supplier of sugar beet to Slovenia, comprising X% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Croatia stood at X%.

Import Prices by Country

The average sugar beet import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price recorded a buoyant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Croatia ($X per ton), while the price for the Czech Republic stood at $X per ton.

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

Source: IndexBox Platform

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