Australia: Sugar Crop Market 2024

Sugar Crop Market Size in Australia

The Australian sugar crop market shrank to $X.1B in 2022, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Sugar crop consumption peaked at $X.6B in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Sugar Crop Production in Australia

In value terms, sugar crop production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, recorded strong growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by X,396% against the previous year. As a result, production reached the peak level of $X.7B. From 2014 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average sugar crop yield in Australia shrank slightly to X tons per ha, with a decrease of X% compared with 2021 figures. In general, the yield, however, showed modest growth. The pace of growth appeared the most rapid in 2019 when the yield increased by X%. The sugar crop yield peaked at X tons per ha in 2015; however, from 2016 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.

The sugar crop harvested area in Australia amounted to X ha in 2022, stabilizing at 2021. In general, the harvested area showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the harvested area increased by X% against the previous year. The sugar crop harvested area peaked at X ha in 2017; however, from 2018 to 2022, the harvested area failed to regain momentum.

Sugar Crop Exports

Exports from Australia

Sugar crop exports from Australia skyrocketed to X tons in 2022, increasing by X% compared with the previous year. In general, exports saw significant growth. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, sugar crop exports skyrocketed to $X in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), Spain (X tons) and Hong Kong SAR (X tons) were the main destinations of sugar crop exports from Australia, together accounting for X% of total exports.

From 2013 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) emerged as the key foreign market for sugar crops exports from Australia, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by New Zealand, with a X% share.

From 2013 to 2022, the average annual growth rate of value to Spain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and New Zealand (X% per year).

Export Prices by Country

The average sugar crop export price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price, however, saw a precipitous contraction. The pace of growth appeared the most rapid in 2016 an increase of X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sugar Crop Imports

Imports into Australia

In 2022, the amount of sugar crops imported into Australia skyrocketed to X tons, growing by X% on 2021 figures. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, sugar crop imports soared to $X in 2022. In general, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, France (X tons) constituted the largest sugar crop supplier to Australia, accounting for a X% share of total imports. Moreover, sugar crop imports from France exceeded the figures recorded by the second-largest supplier, Spain (X tons), tenfold. Lebanon (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from France totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Lebanon (X% per year).

In value terms, France ($X) constituted the largest supplier of sugar crops to Australia, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with a X% share of total imports. It was followed by Lebanon, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Lebanon (X% per year).

Import Prices by Country

In 2022, the average sugar crop import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, recorded a deep downturn. The pace of growth was the most pronounced in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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