Global Sugar Beet Market Overview 2021

Sugar Beet Market Size

In 2019, the global sugar beet market decreased by -X% to $X, falling for the second year in a row after two years of growth. Overall, consumption showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the market value increased by X% year-to-year. Global consumption peaked at $X in 2017; however, from 2018 to 2019, consumption failed to regain the momentum.

Sugar Beet Production

In value terms, sugar beet production shrank to $X in 2019 estimated in export prices. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% year-to-year. Global production peaked at $X in 2017; however, from 2018 to 2019, production failed to regain the momentum.

The countries with the highest volumes of sugar beet production in 2019 were Russia (X tonnes), France (X tonnes) and the U.S. (X tonnes), with a combined X% share of global production. Germany, Turkey, Poland, Ukraine, China, Egypt, the UK, the Netherlands, Belgium and Belarus lagged somewhat behind, together accounting for a further X 2007 to 2019, the biggest increases were in Egypt, while sugar beet production for the other global leaders experienced more modest paces of growth.

In 2019, the global average sugar beet yield stood at X tonnes per ha, growing by X% against the year before. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2011 when the yield increased by X% year-to-year. The global yield peaked at X tonnes per ha in 2016; however, from 2017 to 2019, the 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 2019, the total area harvested in terms of sugar beet production worldwide shrank to X ha, remaining relatively unchanged against the year before. In general, the harvested area showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when the harvested area increased by X% year-to-year. Over the period under review, the harvested area dedicated to sugar beet production reached the peak figure at X ha in 2011; however, from 2012 to 2019, the harvested area failed to regain the momentum.

Production By Country

The countries with the highest volumes of sugar beet production in 2019 were Russia (X tonnes), France (X tonnes) and the U.S. (X tonnes), with a combined X% share of global production. Germany, Turkey, Poland, Ukraine, China, Egypt, the UK, the Netherlands, Belgium and Belarus lagged somewhat behind, together accounting for a further X 2007 to 2019, the most notable rate of growth in terms of sugar beet production, amongst the main producing countries, was attained by Egypt, while sugar beet production for the other global leaders experienced more modest paces of growth.

Sugar Beet Exports

Exports

In 2019, approx. X tonnes of sugar beet were exported worldwide; picking up by X% on 2018. In general, exports, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. As a result, exports reached the peak of X tonnes. From 2011 to 2019, the growth of global exports remained at a somewhat lower figure.

In value terms, sugar beet exports surged to $X in 2019. Over the period under review, exports, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, global exports reached the maximum at $X in 2011; however, from 2012 to 2019, exports stood at a somewhat lower figure.

Exports by Country

The shipments of the three major exporters of sugar beet, namely Belgium, Canada and Slovenia, represented more than third of total export. Germany (X tonnes) ranks next in terms of the total exports with a X% share, followed by Slovakia (X%), Denmark (X%), Croatia (X%) and the Czech Republic (X%). The following exporters - Austria (X tonnes), China (X tonnes), Serbia (X tonnes), the UK (X tonnes) and Lithuania (X tonnes) - together made up X% of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Slovenia (+X% per year), while exports for the other global leaders experienced more modest paces of growth.

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

From 2007 to 2019, the average annual rate of growth in terms of value in Germany stood at +X%. In the other countries, the average annual rates were as follows: Canada (-X% per year) and Slovenia (+X% per year).

Export Prices by Country

In 2019, the average sugar beet export price amounted to $X per tonne, increasing by X% against the previous year. In general, the export price continues to indicate a pronounced expansion. The pace of growth appeared the most rapid in 2012 when the average export price increased by X% y-o-y. Over the period under review, average export prices attained the maximum in 2019 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Germany ($X per tonne), while Lithuania ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Serbia, while the other global leaders experienced more modest paces of growth.

Sugar Beet Imports

Imports

Global sugar beet imports surged to X tonnes in 2019, with an increase of X% compared with 2018 figures. Over the period under review, total imports indicated a strong increase from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2016 indices. The growth pace was the most rapid in 2010 when imports increased by X% year-to-year. Global imports peaked at X tonnes in 2011; however, from 2012 to 2019, imports failed to regain the momentum.

In value terms, sugar beet imports declined slightly to $X in 2019. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Over the period under review, global imports attained the maximum at $X in 2011; however, from 2012 to 2019, imports remained at a lower figure.

Imports by Country

Switzerland was the key importing country with an import of around X tonnes, which recorded X% of total imports. Croatia (X tonnes) ranks second in terms of the total imports with a X% share, followed by the Czech Republic (X%), the UK (X%), Slovenia (X%) and the Netherlands (X%). Kazakhstan (X tonnes) followed a long way behind the leaders.

Imports into Switzerland increased at an average annual rate of +X% from 2007 to 2019. At the same time, Kazakhstan (+X%), Slovenia (+X%), the UK (+X%), the Netherlands (+X%), the Czech Republic (+X%) and Croatia (+X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2019. Switzerland (+X p.p.), Slovenia (+X p.p.), Kazakhstan (+X p.p.) and the UK (+X p.p.) significantly strengthened its position in terms of the global imports, while Croatia saw its share reduced by -X% from 2007 to 2019, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Switzerland ($X) constitutes the largest market for imported sugar beet worldwide, comprising X% of global imports. The second position in the ranking was occupied by Croatia ($X), with a X% share of global imports. It was followed by the Czech Republic, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value in Switzerland totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: Croatia (-X% per year) and the Czech Republic (-X% per year).

Import Prices by Country

In 2019, the average sugar beet import price amounted to $X per tonne, declining by -X% against the previous year. Overall, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per tonne in 2007; however, from 2008 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the Czech Republic ($X per tonne), while Kazakhstan ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Slovenia, while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sugar beet in the world?

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The countries with the highest volumes of sugar beet consumption in 2019 were Russia (44M tonnes), France (40M tonnes) and the U.S. (30M tonnes), together accounting for 41% of global consumption. These countries were followed by Germany, Turkey, Poland, Ukraine, China, Egypt, the UK, the Netherlands, Belgium and Belarus, which together accounted for a further 44%.

What are the largest producers of sugar beet in the world?

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The countries with the highest volumes of sugar beet production in 2019 were Russia (44M tonnes), France (40M tonnes) and the U.S. (30M tonnes), together comprising 41% of global production. These countries were followed by Germany, Turkey, Poland, Ukraine, China, Egypt, the UK, the Netherlands, Belgium and Belarus, which together accounted for a further 44%.

What are the leading suppliers of sugar beet in the world?

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In value terms, Germany ($16M) remains the largest sugar beet supplier worldwide, comprising 37% of global exports. The second position in the ranking was occupied by Canada ($4.6M), with a 11% share of global exports. It was followed by Slovenia, with a 8% share.

What are the leading importers of sugar beet in the world?

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In value terms, Switzerland ($20M) constitutes the largest market for imported sugar beet worldwide, comprising 41% of global imports. The second position in the ranking was occupied by Croatia ($6.5M), with a 13% share of global imports. It was followed by the Czech Republic, with a 13% share.

What is the average export price for sugar beet in the world?

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The average sugar beet export price stood at $656 per tonne in 2019, picking up by 1.9% against the previous year.

What is the average import price for sugar beet in the world?

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In 2019, the average sugar beet import price amounted to $699 per tonne, which is down by -26% against the previous year.