Canada: Sugar Beet Market 2025

Sugar Beet Market Size in Canada

In 2022, the Canadian sugar beet market decreased by -8.7% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, recorded a buoyant expansion. Over the period under review, the market hit record highs at $X in 2021, and then fell in the following year.

Sugar Beet Production in Canada

In value terms, sugar beet production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a significant increase. The pace of growth was the most pronounced in 2017 when the production volume increased by 1,137% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

In 2022, the average yield of sugar beet in Canada shrank slightly to X tons per ha, waning by -4.6% on 2021 figures. The yield figure increased at an average annual rate of +2.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the yield increased by 13%. Over the period under review, the average sugar beet yield reached the maximum level at X tons per ha in 2021, and then dropped modestly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of sugar beet were harvested in Canada; declining by -5.9% against the previous year's figure. In general, the harvested area, however, showed a strong expansion. The pace of growth was the most pronounced in 2018 when the harvested area increased by 73% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2019 to 2022, the growth of the sugar beet harvested area remained at a lower figure.

Sugar Beet Exports

Exports from Canada

In 2022, overseas shipments of sugar beet increased by 25% to X tons, rising for the fourth consecutive year after two years of decline. In general, exports, however, recorded a significant curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 75% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, sugar beet exports skyrocketed to $X in 2022. Overall, exports, however, saw a dramatic decline. The pace of growth appeared the most rapid in 2020 with an increase of 89% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Trinidad and Tobago (X tons) was the main destination for sugar beet exports from Canada, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Trinidad and Tobago stood at +45.2%.

In value terms, Trinidad and Tobago ($X) also remains the key foreign market for sugar beet exports from Canada.

From 2012 to 2022, the average annual growth rate of value to Trinidad and Tobago amounted to +60.0%.

Export Prices by Country

The average sugar beet export price stood at $X per ton in 2022, growing by 41% against the previous year. In general, the export price recorded strong growth. The pace of growth was the most pronounced in 2017 an increase of 1,203%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Trinidad and Tobago.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +11.3% per year.

Sugar Beet Imports

Imports into Canada

In 2022, after three years of growth, there was significant decline in overseas purchases of sugar beet, when their volume decreased by -19.1% to X tons. In general, imports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2019 when imports increased by 691% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then fell markedly in the following year.

In value terms, sugar beet imports contracted dramatically to $X in 2022. Overall, imports, however, recorded a measured expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 795%. Over the period under review, imports hit record highs at $X in 2021, and then contracted sharply in the following year.

Imports by Country

In 2022, the United States (X tons) was the main sugar beet supplier to Canada, 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 amounted to +77.8%.

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

From 2012 to 2022, the average annual growth rate of value from the United States stood at +74.3%.

Import Prices by Country

The average sugar beet import price stood at $X per ton in 2022, which is down by -12.6% against the previous year. In general, the import price showed a pronounced curtailment. The most prominent rate of growth was recorded in 2020 when the average import price increased by 28%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

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 -2.0% per year.

Source: IndexBox Platform

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