Ireland: Sugar Crop Market 2024

Sugar Crop Market Size in Ireland

The Irish sugar crop market totaled $X in 2022, standing approx. at the previous year. Over the period under review, consumption, however, continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Sugar Crop Production in Ireland

In value terms, sugar crop production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable descent. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

The average yield of sugar crops in Ireland stood at X tons per ha in 2022, approximately mirroring 2021. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The sugar crop yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The sugar crop harvested area in Ireland was estimated at X ha in 2022, approximately equating the year before. Overall, the harvested area, however, showed a noticeable contraction. The pace of growth was the most pronounced in 2019 with an increase of X%. The sugar crop harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Sugar Crop Exports

Exports from Ireland

For the third consecutive year, Ireland recorded decline in shipments abroad of sugar crops, which decreased by X% to X kg in 2022. Overall, exports faced a precipitous descent. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sugar crop exports skyrocketed to $X in 2022. In general, exports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The UK (X kg) was the main destination for sugar crop exports from Ireland, with a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK stood at X%.

In value terms, the UK ($X) also remains the key foreign market for sugar crops exports from Ireland.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK stood at X%.

Export Prices by Country

The average sugar crop export price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the export price enjoyed significant growth. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to X% per year.

Sugar Crop Imports

Imports into Ireland

After four years of decline, overseas purchases of sugar crops increased by X% to X tons in 2022. Over the period under review, imports, however, continue to indicate a sharp contraction. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sugar crop imports skyrocketed to $X in 2022. In general, imports, however, recorded a abrupt slump. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the UK (X tons) constituted the largest supplier of sugar crop to Ireland, accounting for a X% share of total imports. Moreover, sugar crop imports from the UK exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. Belgium (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from the UK stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Belgium (X% per year).

In value terms, the largest sugar crop suppliers to Ireland were the UK ($X), India ($X) and the Netherlands ($X), together accounting for X% of total imports.

Among the main suppliers, India, with a CAGR of X%, 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 sugar crop import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price showed a buoyant expansion. The most prominent rate of growth was recorded in 2016 an increase of X%. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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