South-Eastern Asia: Sugar Beet Market 2024

Sugar Beet Market Size in South-Eastern Asia

In 2022, the Southeast Asian sugar beet market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, showed a resilient expansion. As a result, consumption reached the peak level of $X, leveling off in the following year.

Sugar Beet Production in South-Eastern Asia

In value terms, sugar beet production totaled $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

The country with the largest volume of sugar beet production was Malaysia (X tons), accounting for X% of total volume. Moreover, sugar beet production in Malaysia exceeded the figures recorded by the second-largest producer, Myanmar (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume in Malaysia stood at X%. The remaining producing countries recorded the following average annual rates of production growth: Myanmar (X% per year) and Vietnam (X% per year).

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Sugar Beet Exports

Exports in South-Eastern Asia

In 2022, after seven years of decline, there was significant growth in shipments abroad of sugar beet, when their volume increased by X% to X tons. In general, exports, however, continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, sugar beet exports totaled $X in 2022. Overall, exports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Vietnam prevails in exports structure, accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by Indonesia (X tons), generating a X% share of total exports. Singapore (X tons) held a relatively small share of total exports.

Exports from Vietnam decreased at an average annual rate of X% from 2012 to 2022. At the same time, Indonesia (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam and Indonesia increased by X and X percentage points, respectively.

In value terms, Vietnam ($X) remains the largest sugar beet supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam totaled X%. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, remaining stable against the previous year. In general, the export price showed a notable increase. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced mixed trends in the export price figures.

Sugar Beet Imports

Imports in South-Eastern Asia

In 2022, sugar beet imports in South-Eastern Asia contracted to X tons, with a decrease of X% compared with 2021. Over the period under review, imports saw a drastic downturn. The pace of growth appeared the most rapid 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 remained at a lower figure.

In value terms, sugar beet imports fell to $X in 2022. Overall, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Singapore prevails in imports structure, finishing at X tons, which was near X% of total imports in 2022. Malaysia (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to sugar beet imports into Singapore stood at X%. At the same time, Malaysia (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Singapore (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported sugar beet in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total imports.

In Singapore, sugar beet imports decreased by an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible contraction. The growth pace was the most rapid in 2020 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while Malaysia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :