Germany: Sugars Market 2024

Sugars Market Size in Germany

The German sugars market fell modestly to $X in 2021, reducing by -4.8% against the previous year. Overall, consumption continues to indicate a modest increase. Over the period under review, the market attained the maximum level at $X in 2020, and then contracted in the following year.

Sugars Production in Germany

In value terms, sugars production dropped remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by 20% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Sugars Exports

Exports from Germany

In 2021, shipments abroad of sugars, sugar ethers and salts decreased by -1.8% to X tons, falling for the third consecutive year after four years of growth. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 7.7%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, sugars exports expanded rapidly to $X in 2021. The total export value increased at an average annual rate of +3.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 17% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Switzerland (X tons) was the main destination for sugars exports from Germany, accounting for a 20% share of total exports. Moreover, sugars exports to Switzerland exceeded the volume sent to the second major destination, the United States (X tons), twofold. Poland (X tons) ranked third in terms of total exports with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Switzerland stood at -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-1.5% per year) and Poland (+1.5% per year).

In value terms, the largest markets for sugars exported from Germany were the United States ($X), Switzerland ($X) and Poland ($X), together comprising 33% of total exports. These countries were followed by Italy, China, France, Spain, Japan, the UK, the Czech Republic, Canada, Russia and Turkey, which together accounted for a further 40%.

The Czech Republic, with a CAGR of +22.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sugars export price stood at $X per ton in 2021, surging by 14% against the previous year. Over the last nine years, it increased at an average annual rate of +2.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Switzerland ($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 United States (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Sugars Imports

Imports into Germany

In 2021, supplies from abroad of sugars, sugar ethers and salts increased by 69% to X tons, rising for the second year in a row after two years of decline. Overall, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.7% 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 +75.8% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sugars imports surged to $X in 2021. In general, imports posted strong growth. The most prominent rate of growth was recorded in 2017 when imports increased by 59% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

China (X tons), Belgium (X tons) and the United States (X tons) were the main suppliers of sugars imports to Germany, together comprising 55% of total imports. The Netherlands, France, Poland, Spain, Japan and Italy lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +150.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Spain ($X) constituted the largest sugars suppliers to Germany, with a combined 56% share of total imports. These countries were followed by France, Poland, Belgium, the Netherlands, Japan and Italy, which together accounted for a further 34%.

Among the main suppliers, Poland, with a CAGR of +131.2%, 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

In 2021, the average sugars import price amounted to $X per ton, reducing by -11% against the previous year. In general, import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sugars import price increased by +92.2% against 2012 indices. The most prominent rate of growth was recorded in 2017 an increase of 33% against the previous year. The import price peaked at $X per ton in 2020, and then shrank in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+29.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :