MERCOSUR: Sugar Beet Market 2025

Sugar Beet Market Size in MERCOSUR

The MERCOSUR sugar beet market was finally on the rise to reach $X in 2022, after three years of decline. Over the period under review, consumption, however, recorded a deep setback. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Sugar Beet Production in MERCOSUR

In value terms, sugar beet production reached $X in 2022 estimated in export price. Over the period under review, production continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 20,348% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Chile (X tons) constituted the country with the largest volume of sugar beet production, accounting for 94% of total volume. It was followed by Colombia (X tons), with a 2.9% share of total production.

In Chile, sugar beet production declined by an average annual rate of -5.8% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Colombia (-1.2% per year) and Venezuela (+1.6% per year).

In 2022, the average yield of sugar beet in MERCOSUR expanded significantly to X tons per ha, increasing by 7.7% compared with the previous year's figure. In general, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the yield increased by 11%. The level of yield peaked at X tons per ha in 2018; however, from 2019 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.

In 2022, the harvested area of sugar beet in MERCOSUR soared to X ha, rising by 22% on the year before. Overall, the harvested area, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2018 when the harvested area increased by 27%. Over the period under review, the harvested area dedicated to sugar beet production reached the peak figure at X ha in 2015; however, from 2016 to 2022, the harvested area stood at a somewhat lower figure.

Sugar Beet Exports

Exports in MERCOSUR

In 2022, overseas shipments of sugar beet decreased by -15.3% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports, however, enjoyed a noticeable expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 340% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, sugar beet exports contracted to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 1,258%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Colombia represented the key exporting country with an export of about X tons, which reached 68% of total exports. It was distantly followed by Brazil (X tons), creating a 28% share of total exports. Chile (X kg) followed a long way behind the leaders.

Exports from Colombia increased at an average annual rate of +4.8% from 2012 to 2022. At the same time, Brazil (+19.0%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +19.0% from 2012-2022. By contrast, Chile (-26.9%) illustrated a downward trend over the same period. Brazil (+28 p.p.), Colombia (+9.4 p.p.) and Chile (+2.9 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Colombia ($X), Brazil ($X) and Chile ($X) were the countries with the highest levels of exports in 2022, with a combined 87% share of total exports.

Brazil, with a CAGR of +21.0%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, picking up by 9.8% against the previous year. Overall, the export price, however, saw a noticeable slump. The most prominent rate of growth was recorded in 2013 when the export price increased by 459% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+1.7%), while the other leaders experienced a decline in the export price figures.

Sugar Beet Imports

Imports in MERCOSUR

After two years of growth, purchases abroad of sugar beet decreased by -80.9% to X tons in 2022. Over the period under review, imports, however, saw strong growth. The pace of growth was the most pronounced in 2021 when imports increased by 972%. As a result, imports attained the peak of X tons, and then fell rapidly in the following year.

In value terms, sugar beet imports fell remarkably to $X in 2022. In general, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 405% against the previous year. The level of import peaked at $X in 2021, and then plummeted in the following year.

Imports by Country

Chile prevails in imports structure, reaching X tons, which was approx. 92% of total imports in 2022. It was distantly followed by Brazil (X kg), making up a 4.6% share of total imports. Colombia (X kg) followed a long way behind the leaders.

Chile was also the fastest-growing in terms of the sugar beet imports, with a CAGR of +79.5% from 2012 to 2022. Brazil (-22.7%) and Colombia (-29.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Chile and Colombia increased by +92 and +3.6 percentage points, respectively.

In value terms, Chile ($X) constitutes the largest market for imported sugar beet in MERCOSUR, comprising 90% of total imports. The second position in the ranking was taken by Brazil ($X), with a 9.5% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Chile stood at +48.8%. In the other countries, the average annual rates were as follows: Brazil (-3.4% per year) and Colombia (-29.3% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, growing by 309% against the previous year. In general, the import price enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2017 when the import price increased by 534%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+25.1%).

Source: IndexBox Platform