Brazil: Sugar Beet Market 2025

Sugar Beet Market Size in Brazil

The Brazilian sugar beet market soared to $X in 2022, with an increase of 79% against the previous year. Overall, consumption saw significant growth. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Sugar Beet Production in Brazil

In value terms, sugar beet production totaled $X in 2022 estimated in export price. Over the period under review, production showed a significant expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by 269,200% against the previous year. Sugar beet production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of sugar beet in Brazil amounted to less than X kg per ha, remaining stable against the previous year. In general, the yield recorded a relatively flat trend pattern. 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 beet production in Brazil was estimated at less than X ha, almost unchanged from the previous year. Overall, the harvested area recorded a relatively flat trend pattern.

Sugar Beet Exports

Exports from Brazil

In 2022, shipments abroad of sugar beet decreased by -14.8% to X tons, falling for the second consecutive year after three years of growth. Overall, exports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 111% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, sugar beet exports contracted to $X in 2022. In general, exports, however, recorded significant growth. The growth pace was the most rapid in 2019 when exports increased by 154%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Greece (X kg) was the main destination for sugar beet exports from Brazil, accounting for a 29% share of total exports. Moreover, sugar beet exports to Greece exceeded the volume sent to the second major destination, Marshall Islands (X kg), twofold. The third position in this ranking was taken by Liberia (X kg), with a 14% share.

From 2018 to 2022, the average annual growth rate of volume to Greece amounted to +6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Marshall Islands (+54.7% per year) and Liberia (+61.8% per year).

In value terms, the largest markets for sugar beet exported from Brazil were Greece ($X), Marshall Islands ($X) and Liberia ($X), with a combined 58% share of total exports. Panama, Malta, Singapore, India, Cyprus, Bahamas, the UK, Denmark, Germany and Antigua and Barbuda lagged somewhat behind, together comprising a further 35%.

Panama, with a CAGR of +96.8%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sugar beet export price stood at $X per ton in 2022, surging by 2.8% against the previous year. Over the period from 2018 to 2022, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2019 an increase of 21% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

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

From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahamas (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Sugar Beet Imports

Imports into Brazil

After two years of growth, purchases abroad of sugar beet decreased by -99% to X kg in 2022. In general, imports showed a precipitous slump. The most prominent rate of growth was recorded in 2021 when imports increased by 1,923% against the previous year. As a result, imports reached the peak of X tons, and then reduced rapidly in the following year.

In value terms, sugar beet imports shrank significantly to $X in 2022. Overall, imports recorded a perceptible curtailment. The growth pace was the most rapid in 2021 with an increase of 461% against the previous year. As a result, imports reached the peak of $X, and then shrank notably in the following year.

Imports by Country

In 2022, the United States (X kg) was the main supplier of sugar beet to Brazil, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at -12.6%.

In value terms, the United States ($X) constituted the largest supplier of sugar beet to Brazil.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +44.8%.

Import Prices by Country

The average sugar beet import price stood at $X per ton in 2022, surging by 1,809% against the previous year. Over the period under review, the import price enjoyed significant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +65.7% per year.

Source: IndexBox Platform

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