Eastern Europe: Sugars Market 2024

Sugars Market Size in Eastern Europe

The East European sugars market amounted to $X in 2021, rising by 11% against the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Sugars Production in Eastern Europe

In value terms, sugars production expanded slightly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a slight contraction. The growth pace was the most rapid in 2015 when the production volume increased by 11%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Sugars Exports

Exports in Eastern Europe

In 2021, approx. X tons of sugars, sugar ethers and salts were exported in Eastern Europe; jumping by 35% against the previous year's figure. In general, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of 348%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, sugars exports dropped to $X in 2021. Over the period under review, exports continue to indicate a remarkable increase. The growth pace was the most rapid in 2019 when exports increased by 200% against the previous year. The level of export peaked at $X in 2020, and then contracted in the following year.

Exports by Country

Poland (X tons) and Bulgaria (X tons) were the largest exporters of sugars, sugar ethers and salts in 2021, reaching near 39% and 28% of total exports, respectively. It was distantly followed by the Czech Republic (X tons) and Slovakia (X tons), together comprising a 25% share of total exports. The following exporters - Russia (X tons) and Lithuania (X tons) - each recorded a 5.9% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +137.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Bulgaria ($X) and the Czech Republic ($X) were the countries with the highest levels of exports in 2021, together comprising 62% of total exports.

Bulgaria, with a CAGR of +168.8%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, reducing by -33% against the previous year. Overall, the export price showed a abrupt downturn. The pace of growth appeared the most rapid in 2013 an increase of 105% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+13.1%), while the other leaders experienced more modest paces of growth.

Sugars Imports

Imports in Eastern Europe

In 2021, sugars imports in Eastern Europe surged to X tons, jumping by 22% compared with 2020 figures. The total import volume increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sugars imports surged to $X in 2021. Total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +118.2% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland (X tons) and Russia (X tons) prevails in imports structure, together comprising 75% of total imports. It was distantly followed by the Czech Republic (X tons) and Bulgaria (X tons), together generating a 16% share of total imports. Hungary (X tons) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +51.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sugars importing markets in Eastern Europe were Poland ($X), Russia ($X) and the Czech Republic ($X), with a combined 81% share of total imports. Bulgaria and Hungary lagged somewhat behind, together accounting for a further 10%.

Bulgaria, with a CAGR of +24.7%, saw the highest rates of growth with regard to the value of imports, among 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

The import price in Eastern Europe stood at $X per ton in 2021, jumping by 26% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+2.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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