France: Sugars Market 2024

Sugars Market Size in France

The French sugars market contracted remarkably to $X in 2021, waning by -22.5% against the previous year. Overall, consumption continues to indicate a drastic downturn. Sugars consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Sugars Production in France

In value terms, sugars production fell sharply to $X in 2021 estimated in export price. Over the period under review, production, however, saw a drastic downturn. The growth pace was the most rapid in 2020 with an increase of 133%. Sugars production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Sugars Exports

Exports from France

In 2021, sugars exports from France surged to X tons, jumping by 16% compared with 2020. The total export volume increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sugars exports surged to $X in 2021. Over the period under review, exports recorded a remarkable increase. The pace of growth appeared the most rapid in 2020 when exports increased by 41%. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Spain (X tons), Russia (X tons) and Italy (X tons) were the main destinations of sugars exports from France, together accounting for 49% of total exports. These countries were followed by Poland, Belgium, Germany, the Netherlands, South Africa, Switzerland, the United States, the Czech Republic, Turkey and Brazil, which together accounted for a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Africa (with a CAGR of +84.0%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for sugars, sugar ethers and salts exports from France, comprising 27% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 13% share of total exports. It was followed by Spain, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +56.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+37.0% per year) and Spain (+13.3% per year).

Export Prices by Country

In 2021, the average sugars export price amounted to $X per ton, with an increase of 22% against the previous year. Over the period under review, the export price continues to indicate strong growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 34%. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+22.2%), while the prices for the other major destinations experienced more modest paces of growth.

Sugars Imports

Imports into France

In 2021, sugars imports into France reached X tons, increasing by 12% against the previous year. The total import volume increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when imports increased by 53% against the previous year. As a result, imports reached the peak of X tons; afterwards, it flattened through to 2021.

In value terms, sugars imports expanded rapidly to $X in 2021. The total import value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of 32%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of sugars to France, with a 56% share of total imports. Moreover, sugars imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was held by Belgium (X tons), with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +57.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.1% per year) and Belgium (+12.4% per year).

In value terms, the largest sugars suppliers to France were China ($X), Germany ($X) and Italy ($X), together accounting for 65% of total imports. Belgium, the United States, the Netherlands, Austria and Spain lagged somewhat behind, together comprising a further 23%.

Among the main suppliers, the Netherlands, with a CAGR of +46.6%, saw the highest rates of growth with regard to 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

The average sugars import price stood at $X per ton in 2021, approximately equating the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 17%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+26.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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