Japan: Sugar Beet Market 2024

Sugar Beet Market Size in Japan

The Japanese sugar beet market dropped to $X in 2022, waning by -7.6% against the previous year. In general, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -18.2% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Sugar Beet Production in Japan

In value terms, sugar beet production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a pronounced increase. The growth pace was the most rapid in 2018 when the production volume increased by 62%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

The average yield of sugar beet in Japan reduced to X tons per ha in 2022, remaining stable against 2021. Overall, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the yield increased by 25% against the previous year. The sugar beet yield peaked at X tons per ha in 2021, and then shrank slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of sugar beet production in Japan reduced modestly to X ha, leveling off at 2021. Over the period under review, the harvested area showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the harvested area increased by 2.4% against the previous year. The sugar beet harvested area peaked at X ha in 2016; however, from 2017 to 2022, the harvested area stood at a somewhat lower figure.

Sugar Beet Exports

Exports from Japan

Sugar beet exports from Japan fell significantly to X tons in 2022, which is down by -81.9% against 2021 figures. Overall, exports, however, posted a strong expansion. The growth pace was the most rapid in 2021 with an increase of 7,053%. As a result, the exports attained the peak of X tons, and then reduced sharply in the following year.

In value terms, sugar beet exports shrank significantly to $X in 2022. Over the period under review, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 3,289% against the previous year. As a result, the exports reached the peak of $X, and then declined sharply in the following year.

Exports by Country

The United States (X tons), Norway (X kg) and Finland (X kg) were the main destinations of sugar beet exports from Japan, with a combined 94% share of total exports. These countries were followed by Singapore, which accounted for a further 1.6%.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +32.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) emerged as the key foreign market for sugar beet exports from Japan, comprising 54% of total exports. The second position in the ranking was taken by Finland ($X), with a 17% share of total exports. It was followed by the United States, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (-0.5% per year) and the United States (+1.7% per year).

Export Prices by Country

In 2022, the average sugar beet export price amounted to $X per ton, growing by 185% against the previous year. In general, the export price showed a prominent increase. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+8.2%), while the prices for the other major destinations experienced mixed trend patterns.

Sugar Beet Imports

Imports into Japan

In 2022, purchases abroad of sugar beet increased by 5.3% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2015 when imports increased by 320% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, sugar beet imports declined to $X in 2022. In general, imports, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2015 with an increase of 426% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest sugar beet supplier to Japan, with a 86% share of total imports. Moreover, sugar beet imports from the United States exceeded the figures recorded by the second-largest supplier, Singapore (X kg), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-18.0% per year) and China (-31.6% per year).

In value terms, the United States ($X) constituted the largest supplier of sugar beet to Japan, comprising 75% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-16.6% per year) and Singapore (-7.7% per year).

Import Prices by Country

In 2022, the average sugar beet import price amounted to $X per ton, falling by -11.7% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 an increase of 43% against the previous year. The import price peaked at $X per ton in 2021, and then fell in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+50.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :