United Kingdom: Sugar Crop Market 2024

Sugar Crop Market Size in the UK

The UK sugar crop market reduced to $X in 2022, falling by X% against the previous year. In general, consumption recorded a noticeable decrease. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Sugar Crop Production in the UK

In value terms, sugar crop production contracted slightly to $X in 2022 estimated in export price. In general, production continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2017 with an increase of X%. Sugar crop production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

In 2022, the average yield of sugar crops in the UK reduced to X tons per ha, waning by X% against the year before. Overall, the yield, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the average sugar crop yield reached the maximum level at X tons per ha in 2017; however, from 2018 to 2022, the 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, the total area harvested in terms of sugar crops production in the UK declined to X ha, falling by X% compared with the year before. Overall, the harvested area recorded a noticeable reduction. The most prominent rate of growth was recorded in 2017 when the harvested area increased by X%. The sugar crop harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Sugar Crop Exports

Exports from the UK

Sugar crop exports from the UK skyrocketed to X tons in 2022, growing by X% compared with the year before. Overall, exports saw buoyant growth. The growth pace was the most rapid in 2018 with an increase of X%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, sugar crop exports shrank sharply to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Ireland (X tons) was the main destination for sugar crop exports from the UK, with a X% share of total exports. Moreover, sugar crop exports to Ireland exceeded the volume sent to the second major destination, Belgium (X tons), eightfold. The United States (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ireland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and the United States (X% per year).

In value terms, the largest markets for sugar crop exported from the UK were the United States ($X), Ireland ($X) and France ($X), with a combined X% share of total exports. Belgium, Poland and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Belgium, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average sugar crop export price amounted to $X per ton, falling by X% against the previous year. In general, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Ireland ($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 United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Sugar Crop Imports

Imports into the UK

In 2022, sugar crop imports into the UK reduced dramatically to X tons, which is down by X% compared with 2021. Over the period under review, imports recorded a slight setback. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then fell notably in the following year.

In value terms, sugar crop imports fell rapidly to $X in 2022. Overall, imports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Ireland (X tons) constituted the largest sugar crop supplier to the UK, with a X% share of total imports. Moreover, sugar crop imports from Ireland exceeded the figures recorded by the second-largest supplier, Belgium (X tons), ninefold. The third position in this ranking was held by Uganda (X tons), with an X% share.

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

In value terms, the largest sugar crop suppliers to the UK were Ireland ($X), Belgium ($X) and Uganda ($X), with a combined X% share of total imports.

Uganda, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average sugar crop import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2018 an increase of X%. The import price peaked at $X per ton in 2019; however, from 2020 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 ($X per ton), while the price for Ireland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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