CIS: Sugars Market 2024

Sugars Market Size in CIS

The CIS sugars market rose sharply to $X in 2021, with an increase of 8.9% against the previous year. Overall, consumption, however, continues to indicate a pronounced setback. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Sugars Production in CIS

In value terms, sugars production stood at $X in 2021 estimated in export price. In general, production, however, continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2013 when the production volume increased by 17%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Sugars Exports

Exports in CIS

In 2021, exports of sugars, sugar ethers and salts in the CIS dropped rapidly to X tons, falling by -33.6% on 2020. Overall, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by 1,657% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, sugars exports soared to $X in 2021. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 1,664% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Russia (X tons) represented the major exporter of sugars, sugar ethers and salts, achieving 76% of total exports. It was distantly followed by Belarus (X tons), creating a 24% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to sugars exports from Russia stood at +31.5%. At the same time, Belarus (+107.9%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +107.9% from 2012-2021. While the share of Belarus (+23 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Russia (-23.2 p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest sugars supplier in the CIS, comprising 82% of total exports. The second position in the ranking was taken by Belarus ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Russia amounted to +36.9%.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, growing by 83% against the previous year. Export price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sugars export price increased by +108.2% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Belarus totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+4.1%).

Sugars Imports

Imports in CIS

For the third year in a row, the CIS recorded growth in supplies from abroad of sugars, sugar ethers and salts, which increased by 38% to X tons in 2021. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sugars imports soared to $X in 2021. Total imports indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +52.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia dominates imports structure, amounting to X tons, which was approx. 96% of total imports in 2021. Uzbekistan (X tons) followed a long way behind the leaders.

Russia experienced a relatively flat trend pattern with regard to volume of imports of sugars, sugar ethers and salts. At the same time, Uzbekistan (+24.3%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +24.3% from 2012-2021. While the share of Uzbekistan (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Russia (-3.4 p.p.) displayed negative dynamics.

In value terms, Russia ($X) constitutes the largest market for imported sugars, sugar ethers and salts in the CIS, comprising 93% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a 1.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia was relatively modest.

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, increasing by 4.5% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the import price increased by 22%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Russia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-0.1%).

Source: IndexBox Platform

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