Eastern Europe: Sugar Crop Market 2024

Sugar Crop Market Size in Eastern Europe

The East European sugar crop market rose significantly to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption, however, recorded a slight descent. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Sugar Crop Production in Eastern Europe

In value terms, sugar crop production soared to $X in 2022 estimated in export price. In general, production, however, saw a dramatic decrease. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, production hit record highs at $X.5B in 2012; however, from 2013 to 2022, production remained at a lower figure.

Russia (X tons) constituted the country with the largest volume of sugar crop production, accounting for X% of total volume. Moreover, sugar crop production in Russia exceeded the figures recorded by the second-largest producer, Poland (X tons), threefold. The third position in this ranking was held by Ukraine (X tons), with a X% share.

In Russia, sugar crop production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Poland (X% per year) and Ukraine (X% per year).

In 2022, the average yield of sugar crops in Eastern Europe rose rapidly to X tons per ha, with an increase of X% against the previous year. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of yield peaked in 2022 and is expected to retain growth in the immediate term. 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 Eastern Europe shrank slightly to X ha, with a decrease of X% compared with the previous year's figure. Overall, the harvested area recorded a pronounced setback. The most prominent rate of growth was recorded in 2016 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to sugar crop production attained the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Sugar Crop Exports

Exports in Eastern Europe

In 2022, exports of sugar crops in Eastern Europe reduced to X tons, dropping by X% compared with 2021 figures. Over the period under review, exports, however, saw tangible growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, sugar crop exports expanded notably to $X in 2022. Overall, exports, however, enjoyed resilient growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Slovakia (X tons) and Hungary (X tons) dominates exports structure, together achieving X% of total exports. Lithuania (X tons) ranks next in terms of the total exports with an X% share, followed by Latvia (X%). Poland (X tons) followed a long way behind the leaders.

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

In value terms, Hungary ($X), Slovakia ($X) and Poland ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Latvia and Lithuania lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Latvia, with a CAGR of X%, saw the highest rates of growth with regard to 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

The export price in Eastern Europe stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price posted a buoyant expansion. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

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

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

Sugar Crop Imports

Imports in Eastern Europe

In 2022, supplies from abroad of sugar crops increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, sugar crop imports expanded sharply to $X in 2022. Total imports indicated prominent growth 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 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

The Czech Republic was the key importing country with an import of around X tons, which resulted at X% of total imports. Lithuania (X tons) ranks second in terms of the total imports with a X% share, followed by Hungary (X%).

Imports into the Czech Republic increased at an average annual rate of X% from 2012 to 2022. At the same time, Lithuania (X%) and Hungary (X%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. While the share of Lithuania (X p.p.) and Hungary (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the Czech Republic (X p.p.) displayed negative dynamics.

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

In the Czech Republic, sugar crop imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Hungary (X% per year) and Lithuania (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, falling by X% against the previous year. In general, the import price recorded a mild slump. The pace of growth appeared the most rapid in 2020 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hungary ($X per ton), while Lithuania ($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 a decline in the import price figures.

Source: IndexBox Platform

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