Eastern Europe: Sugar Cane Market 2024

Sugar Cane Market Size in Eastern Europe

The East European sugar cane market soared to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption, however, enjoyed significant growth. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in the near future.

Sugar Cane Production in Eastern Europe

In value terms, sugar cane production rose significantly to $X in 2022 estimated in export price. Overall, production continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Bulgaria (X tons), Belarus (X tons) and Russia (X tons), together comprising X% of total production.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of X%), while production for the other leaders experienced mixed trends in the production figures.

Sugar Cane Exports

Exports in Eastern Europe

In 2022, after four years of growth, there was significant decline in overseas shipments of sugar cane, when their volume decreased by X% to X tons. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of export peaked at X tons in 2021, and then contracted sharply in the following year.

In value terms, sugar cane exports fell to $X in 2022. In general, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then dropped slightly in the following year.

Exports by Country

Russia (X tons) and Bulgaria (X tons) dominates exports structure, together comprising X% of total exports. The Czech Republic (X kg) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Bulgaria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X) remains the largest sugar cane supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total exports.

In Bulgaria, sugar cane exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Czech Republic (X% per year) and Russia (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price recorded pronounced growth. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Sugar Cane Imports

Imports in Eastern Europe

In 2022, supplies from abroad of sugar cane decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then dropped dramatically in the following year.

In value terms, sugar cane imports dropped markedly to $X in 2022. In general, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then dropped sharply in the following year.

Imports by Country

The Czech Republic represented the main importer of sugar cane in Eastern Europe, with the volume of imports finishing at X tons, which was near X% of total imports in 2022. Ukraine (X tons) ranks second in terms of the total imports with a X% share, followed by Bulgaria (X%).

From 2012 to 2022, average annual rates of growth with regard to sugar cane imports into the Czech Republic stood at X%. At the same time, Bulgaria (X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Ukraine (X%) illustrated a downward trend over the same period. While the share of Ukraine (X p.p.), the Czech Republic (X p.p.) and Bulgaria (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Czech Republic ($X) constitutes the largest market for imported sugar cane in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Bulgaria ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the Czech Republic stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Bulgaria (X% per year) and Ukraine (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price showed a moderate expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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