Spain: Sugar Beet Market 2024

Sugar Beet Market Size in Spain

The Spanish sugar beet market declined to $X in 2022, falling by X% against the previous year. Overall, consumption saw a abrupt decline. Sugar beet consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Sugar Beet Production in Spain

In value terms, sugar beet production contracted modestly to $X in 2022 estimated in export price. In general, production saw a deep slump. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The average yield of sugar beet in Spain contracted modestly to X tons per ha in 2022, which is down by X% against 2021. In general, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the yield reached the peak level of X tons per ha. From 2015 to 2022, the growth of the average sugar beet yield failed to regain momentum. 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 Spain; which is down by X% compared with 2021 figures. Overall, the harvested area showed a perceptible setback. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to sugar beet production reached the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

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Sugar Beet Exports

Exports from Spain

In 2022, overseas shipments of sugar beet decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The exports peaked at X tons in 2021, and then declined rapidly in the following year.

In value terms, sugar beet exports dropped significantly to $X in 2022. Over the period under review, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

France (X tons) was the main destination for sugar beet exports from Spain, with a X% share of total exports. It was followed by Germany (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to France stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Portugal (X% per year).

In value terms, France ($X) remains the key foreign market for sugar beet exports from Spain, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to France amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Portugal (X% per year).

Export Prices by Country

The average sugar beet export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to France ($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 Portugal (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sugar Beet Imports

Imports into Spain

Sugar beet imports into Spain declined modestly to X tons in 2022, approximately mirroring the year before. Over the period under review, imports showed a abrupt decrease. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sugar beet imports reduced rapidly to $X in 2022. Overall, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, France (X tons) constituted the largest sugar beet supplier to Spain, with a X% share of total imports. Moreover, sugar beet imports from France exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Portugal (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Portugal (X% per year).

In value terms, Germany ($X) constituted the largest supplier of sugar beet to Spain, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports. It was followed by Portugal, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Portugal (X% per year).

Import Prices by Country

The average sugar beet import price stood at $X per ton in 2022, dropping by X% against the previous year. In general, the import price recorded a perceptible contraction. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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