Japan: Sugar Crop Market 2024

Sugar Crop Market Size in Japan

The Japanese sugar crop market declined modestly to $X in 2022, reducing by X% against the previous year. Over the period under review, the total consumption indicated a notable increase from 2012 to 2022: its value 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, consumption decreased by X% 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 somewhat lower figure.

Sugar Crop Production in Japan

In value terms, sugar crop production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, posted a remarkable increase. The growth pace was the most rapid in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average yield of sugar crops in Japan declined modestly to X tons per ha, approximately equating 2021. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, 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. Over the period under review, the average sugar crop yield attained the maximum level at X tons per ha in 2021, and then shrank modestly 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.

The sugar crop harvested area in Japan dropped to X ha in 2022, remaining relatively unchanged against the year before. Overall, the harvested area showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to sugar crop production attained the peak figure at X ha in 2016; however, from 2017 to 2022, the harvested area failed to regain momentum.

Sugar Crop Exports

Exports from Japan

Sugar crop exports from Japan soared to X tons in 2022, picking up by X% against 2021 figures. In general, exports, however, continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, sugar crop exports surged to $X in 2022. Overall, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Poland (X tons) was the main destination for sugar crop exports from Japan, accounting for a X% share of total exports. It was followed by the United States (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Poland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Norway (X% per year).

In value terms, Poland ($X) remains the key foreign market for sugar crops exports from Japan, comprising X% of total exports. The second position in the ranking was taken by Norway ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Poland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average sugar crop export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, export price indicated a pronounced 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. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to the United States ($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 Poland (X%).

Sugar Crop Imports

Imports into Japan

In 2022, approx. X tons of sugar crops were imported into Japan; with a decrease of X% on the previous year's figure. Over the period under review, imports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then fell notably in the following year.

In value terms, sugar crop imports reduced modestly to $X in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Vietnam (X tons) constituted the largest sugar crop supplier to Japan, accounting for a X% share of total imports. Moreover, sugar crop imports from Vietnam exceeded the figures recorded by the second-largest supplier, Thailand (X tons), fourfold. Bangladesh (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, the largest sugar crop suppliers to Japan were Vietnam ($X), Bangladesh ($X) and Italy ($X), with a combined X% share of total imports.

Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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. Overall, import price indicated a modest 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. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Bangladesh ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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