Europe: Sugar Cane Market 2024

Sugar Cane Market Size in Europe

In 2022, the Europe sugar cane market was finally on the rise to reach $X after three years of decline. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Sugar Cane Production in Europe

In value terms, sugar cane production dropped significantly to $X in 2022 estimated in export price. Overall, production, however, recorded a deep setback. The growth pace was the most rapid in 2014 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of sugar cane production was Portugal (X tons), accounting for X% of total volume. Moreover, sugar cane production in Portugal exceeded the figures recorded by the second-largest producer, Spain (X tons), more than tenfold.

In Portugal, sugar cane production remained relatively stable over the period from 2012-2022.

The average sugar cane yield fell modestly to X tons per ha in 2022, reducing by X% on the year before. Overall, the yield saw a slight contraction. The pace of growth appeared the most rapid in 2021 when the yield increased by X%. The level of yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the sugar cane harvested area in Europe rose to X ha, surging by X% compared with 2021 figures. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of X%. The level of harvested area peaked in 2022 and is expected to retain growth in the immediate term.

Sugar Cane Exports

Exports in Europe

Sugar cane exports surged to X tons in 2022, increasing by X% compared with 2021 figures. Overall, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, sugar cane exports skyrocketed to $X in 2022. Over the period under review, exports showed resilient growth. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, Spain (X tons) was the largest exporter of sugar cane, achieving X% of total exports. It was distantly followed by the Netherlands (X tons), mixing up a X% share of total exports. Belgium (X tons) followed a long way behind the leaders.

Spain was also the fastest-growing in terms of the sugar cane exports, with a CAGR of X% from 2012 to 2022. At the same time, the Netherlands (X%) displayed positive paces of growth. By contrast, Belgium (X%) illustrated a downward trend over the same period. While the share of Spain (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (X p.p.) and the Netherlands (X p.p.) displayed negative dynamics.

In value terms, Spain ($X) emerged as the largest sugar cane supplier in Europe, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports.

In Spain, sugar cane exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Belgium (X% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, jumping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the other leaders experienced more modest paces of growth.

Sugar Cane Imports

Imports in Europe

After three years of decline, supplies from abroad of sugar cane increased by X% to X tons in 2022. Overall, imports saw a resilient expansion. The growth pace was the most rapid in 2015 with an increase of X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, sugar cane imports amounted to $X in 2022. In general, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Spain (X tons) and the UK (X tons) represented roughly X% of total imports in 2022. The Netherlands (X tons) ranks next in terms of the total imports with an X% share, followed by Germany (X%) and France (X%). The following importers - Italy (X tons) and the Czech Republic (X tons) - each accounted for a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the UK (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Spain ($X) and France ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, the UK, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, rising by X% against the previous year. Import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sugar cane import price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2019 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform