Armenia: Sugar Beet Market 2020

Sugar Beet Market Size in Armenia

The revenue of the sugar beet market in Armenia amounted to $X in 2018, rising by X% against the previous year. In general, sugar beet consumption continues to indicate a prominent expansion. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, the sugar beet market attained its maximum level in 2018 and is expected to retain its growth in the near future.

Sugar Beet Production in Armenia

In value terms, sugar beet production stood at $X in 2018 estimated in export prices. Over the period under review, sugar beet production continues to indicate an outstanding increase. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. In that year, sugar beet production reached its peak level and is likely to continue its growth in the immediate term.

Average yield of sugar beet in Armenia amounted to X ton per ha in 2018, therefore, remained relatively stable against the previous year. In general, the sugar beet yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when yield increased by X% y-o-y. Over the period under review, the sugar beet yield reached its peak figure level in 2018 and is likely to continue its growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the total area harvested in terms of sugar beet production in Armenia stood at X ha, jumping by X% against the previous year. Overall, the sugar beet harvested area continues to indicate prominent growth. The pace of growth appeared the most rapid in 2011 when harvested area increased by X% year-to-year. The global sugar beet harvested area peaked in 2018 and is likely to continue its growth in the near future.

Sugar Beet Exports

Exports from Armenia

Sugar beet exports from Armenia stood at X kg in 2018, approximately reflecting the previous year. Overall, sugar beet exports continue to indicate skyrocketing growth. In that year, sugar beet exports reached their peak and are likely to continue its growth in the immediate term.

In value terms, sugar beet exports totaled $X in 2018. Overall, sugar beet exports continue to indicate a skyrocketing expansion. In that year, sugar beet exports attained their peak and are likely to continue its growth in the immediate term.

Exports by Country

Germany represented the major exporter of sugar beet in the world, with the volume of exports reaching X tons, which was near X% of total exports in 2018. Austria (X tons) held a X% share (based on tons) of total exports, which put it in second place, followed by Belgium (X%). Slovenia (X tons), Slovakia (X tons), Egypt (X tons) and Croatia (X tons) followed a long way behind the leaders.

Exports from Germany increased at an average annual rate of +X% from 2007 to 2018. At the same time, Slovenia (+X%), Belgium (+X%), Egypt (+X%), Croatia (+X%) and Slovakia (+X%) displayed positive paces of growth. Moreover, Slovenia emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, Austria (-X%) illustrated a downward trend over the same period. Germany (+X p.p.), Belgium (+X p.p.) and Slovenia (+X p.p.) significantly strengthened its position in terms of the global exports, while Austria saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest sugar beet supplier from Armenia, comprising X% of global exports. The second position in the ranking was occupied by Slovakia ($X), with a X% share of global exports. It was followed by Austria, with a X% share.

In Germany, sugar beet exports increased at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Slovakia (+X% per year) and Austria (-X% per year).

Export Prices by Country

In 2018, the sugar beet export price in Armenia amounted to $X per ton, standing approx. at the previous year. Overall, the sugar beet export price continues to indicate a significant expansion. Over the period under review, the export prices for sugar beet reached their peak figure in 2018 and is expected to retain its growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Slovakia ($X per ton), while Germany ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Slovakia (+X% per year), while the other leaders experienced more modest paces of growth.

Sugar Beet Imports

Imports by Country

Switzerland (X tons), the Netherlands (X tons), Croatia (X tons) and the Czech Republic (X tons) represented roughly X% of total imports of sugar beet in 2018. Slovakia (X tons), the UK (X tons), Singapore (X tons), Ireland (X tons), Russia (X tons) and Belgium (X tons) held a minor share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Ireland, while the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Croatia ($X) and the Czech Republic ($X) appeared to be the countries with the highest levels of imports in 2018, together comprising X% of total imports. The Netherlands, Slovakia, the UK, Russia, Belgium, Ireland and Singapore lagged somewhat behind, together accounting for a further X terms of the main importing countries, Ireland experienced the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The sugar beet import price in Armenia stood at $X per ton in 2018, remaining stable against the previous year. Overall, the sugar beet import price continues to indicate a relatively flat trend pattern. Over the period under review, the import prices for sugar beet attained their peak figure at $X per ton in 2013; however, from 2014 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Slovakia ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform