EU: Sugar Crop Market 2024

Sugar Crop Market Size in the EU

For the third consecutive year, the EU sugar crop market recorded decline in sales value, which decreased by X% to $X in 2022. In general, consumption showed a pronounced descent. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Sugar Crop Production in the EU

In value terms, sugar crop production shrank modestly to $X in 2022 estimated in export price. Overall, production showed a abrupt setback. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were France (X tons), Germany (X tons) and Poland (X tons), together comprising X% of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Poland (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average sugar crop yield dropped to X tons per ha in 2022, which is down by X% on 2021 figures. Overall, the yield, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the yield increased by X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2015 to 2022, the growth of the sugar crop yield remained at a lower figure. 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 European Union contracted modestly to X ha, waning by X% compared with the previous year. In general, the harvested area showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. As a result, the harvested area reached the peak level of X ha. From 2018 to 2022, the growth of the sugar crop harvested area remained at a somewhat lower figure.

Sugar Crop Exports

Exports in the EU

In 2022, shipments abroad of sugar crops decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. Overall, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then dropped in the following year.

In value terms, sugar crop exports skyrocketed to $X in 2022. In general, exports, however, posted prominent growth. The pace of growth was the most pronounced in 2021 when exports increased by X%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

Germany was the largest exporter of sugar crops in the European Union, with the volume of exports resulting at X tons, which was near X% of total exports in 2022. Belgium (X tons) took the second position in the ranking, followed by Slovakia (X tons), Hungary (X tons) and the Netherlands (X tons). All these countries together took approx. X% share of total exports. Spain (X tons) and Lithuania (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to sugar crop exports from Germany stood at X%. At the same time, Lithuania (X%), Slovakia (X%), Spain (X%) and Belgium (X%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Hungary (X%) and the Netherlands (X%) illustrated a downward trend over the same period. While the share of Germany (X p.p.), Slovakia (X p.p.), Lithuania (X p.p.) and Belgium (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Hungary (X p.p.) and the Netherlands (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest sugar crop supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with an X% share of total exports. It was followed by Hungary, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Spain (X% per year) and Hungary (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, increasing by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

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

Sugar Crop Imports

Imports in the EU

In 2022, supplies from abroad of sugar crops increased by X% to X tons, rising for the second consecutive year after two years of decline. Total imports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, sugar crop imports surged to $X in 2022. Total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Czech Republic represented the largest importing country with an import of around X tons, which reached X% of total imports. Croatia (X tons) held the second position in the ranking, followed by Lithuania (X tons), Belgium (X tons), Hungary (X tons) and Denmark (X tons). All these countries together took near X% share of total imports. Italy (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to sugar crop imports into the Czech Republic stood at X%. At the same time, Lithuania (X%), Denmark (X%), Hungary (X%), Italy (X%) and Belgium (X%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Croatia (X%) illustrated a downward trend over the same period. The Czech Republic (X p.p.), Lithuania (X p.p.), Hungary (X p.p.), Denmark (X p.p.), Belgium (X p.p.) and Italy (X p.p.) significantly strengthened its position in terms of the total imports, while Croatia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the largest sugar crop importing markets in the European Union were the Czech Republic ($X), Denmark ($X) and Italy ($X), together accounting for X% of total imports. Hungary, Belgium, Croatia and Lithuania lagged somewhat behind, together accounting for a further X%.

Hungary, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, surging by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the import price increased by X%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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 Italy ($X per ton), while Croatia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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