Europe: Sugar Cane Market 2024

Sugar Cane Market Size in Europe

In 2022, the Europe sugar cane market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Sugar Cane Production in Europe

In value terms, sugar cane production declined sharply to $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt contraction. The growth pace was the most rapid in 2014 when the production volume increased by X%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

The country with the largest volume of sugar cane production was Portugal (X tons), accounting for X% of total volume. Moreover, sugar cane production in Portugal exceeded the figures recorded by the second-largest producer, Spain (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume in Portugal was relatively modest.

In 2022, the average sugar cane yield in Europe reduced to X tons per ha, approximately equating 2021. In general, the yield recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the sugar cane yield hit record highs at X tons per ha in 2012; however, from 2013 to 2022, the yield stood at a somewhat 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 harvested area of sugar cane in Europe amounted to X ha, remaining constant against 2021. The harvested area increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area remained at a lower figure.

Sugar Cane Exports

Exports in Europe

In 2022, exports of sugar cane in Europe surged to X tons, with an increase of X% on 2021. In general, exports posted a resilient expansion. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, sugar cane exports soared to $X in 2022. Overall, exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Spain represented the main exporter of sugar cane in Europe, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2022. It was distantly followed by the Netherlands (X tons), mixing up a X% share of total exports. The following exporters - Belgium (X tons), Germany (X tons) and Russia (X tons) - each accounted for a X% share of total exports.

Spain was also the fastest-growing in terms of the sugar cane exports, with a CAGR of X% from 2012 to 2022. At the same time, Russia (X%), Germany (X%) and the Netherlands (X%) displayed positive paces of growth. By contrast, Belgium (X%) illustrated a downward trend over the same period. While the share of Spain (X p.p.) and Russia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (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, Spain ($X) emerged as the largest sugar cane supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

In Spain, sugar cane exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Belgium (X% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, growing by X% against the previous year. Export price indicated a perceptible increase from 2012 to 2022: its price 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, sugar cane export price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 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 Belgium ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Sugar Cane Imports

Imports in Europe

In 2022, supplies from abroad of sugar cane decreased by X% to X tons, falling for the fourth year in a row after four years of growth. Overall, imports, however, posted resilient growth. The pace of growth was the most pronounced in 2015 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, sugar cane imports amounted to $X in 2022. In general, imports, however, saw a strong increase. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Spain (X tons) and the UK (X tons) represented the main importers of sugar cane in Europe, together recording approx. X% of total imports. The Netherlands (X tons) ranks next in terms of the total imports with an X% share, followed by Germany (X%) and France (X%). The following importers - Italy (X tons) and the Czech Republic (X tons) - each accounted for a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sugar cane importing markets in Europe were the UK ($X), Spain ($X) and France ($X), with a combined X% share of total imports.

The UK, 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 Europe amounted to $X per ton, surging by X% against the previous year. Import price indicated a mild expansion from 2012 to 2022: its price 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, sugar cane import price decreased by X% against 2020 indices. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Spain ($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 more modest paces of growth.

Source: IndexBox Platform

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