Spain: Sugar Beet Market 2024

Sugar Beet Market Size in Spain

The Spanish sugar beet market reduced to $X in 2022, remaining relatively unchanged against the previous year. Over the period under review, consumption showed a perceptible slump. Sugar beet consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Sugar Beet Production in Spain

In value terms, sugar beet production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a drastic downturn. The growth pace was the most rapid in 2017 with an increase of 23%. Sugar beet production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The average yield of sugar beet in Spain was estimated at X tons per ha in 2022, with an increase of 1.8% on the previous year's figure. Overall, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 23%. As a result, the yield attained the peak level of X tons per ha. From 2015 to 2022, the growth of the average sugar beet yield remained at a somewhat 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 Spain contracted to X ha, which is down by -3.2% on the year before. In general, the harvested area saw a pronounced setback. The pace of growth was the most pronounced in 2014 when the harvested area increased by 22% against the previous year. Over the period under review, the harvested area dedicated to sugar beet production attained the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Sugar Beet Exports

Exports from Spain

In 2022, after three years of growth, there was significant decline in overseas shipments of sugar beet, when their volume decreased by -48.9% to X tons. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 706%. The exports peaked at X tons in 2021, and then fell remarkably in the following year.

In value terms, sugar beet exports fell sharply to $X in 2022. Over the period under review, exports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2013 with an increase of 337%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for sugar beet exports from Spain, with a 97% share of total exports. It was followed by Germany (X tons), with a 2.1% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to France totaled +52.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-16.1% per year) and Portugal (-16.0% per year).

In value terms, France ($X) remains the key foreign market for sugar beet exports from Spain, comprising 59% of total exports. The second position in the ranking was held by Germany ($X), with a 26% share of total exports.

From 2012 to 2022, the average annual growth rate of value to France stood at +47.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-16.3% per year) and Portugal (-9.2% per year).

Export Prices by Country

The average sugar beet export price stood at $X per ton in 2022, jumping by 31% against the previous year. In general, the export price, however, saw a deep reduction. The growth pace was the most rapid in 2018 an increase of 568%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to France ($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 Portugal (+8.1%), while the prices for the other major destinations experienced a decline.

Sugar Beet Imports

Imports into Spain

In 2022, overseas purchases of sugar beet increased by 22% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, saw a drastic downturn. The pace of growth was the most pronounced in 2015 when imports increased by 145% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, sugar beet imports fell markedly to $X in 2022. In general, imports, however, faced a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of 741% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of sugar beet to Spain, with a 55% share of total imports. Moreover, sugar beet imports from France exceeded the figures recorded by the second-largest supplier, Portugal (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with an 18% share.

From 2012 to 2022, the average annual growth rate of volume from France amounted to -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-19.0% per year) and Germany (-7.4% per year).

In value terms, Germany ($X) constituted the largest supplier of sugar beet to Spain, comprising 68% of total imports. The second position in the ranking was held by France ($X), with a 22% share of total imports. It was followed by Portugal, with a 7.2% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at -15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-9.5% per year) and Portugal (-11.5% per year).

Import Prices by Country

The average sugar beet import price stood at $X per ton in 2022, which is down by -36.5% against the previous year. Overall, the import price continues to indicate a perceptible contraction. The pace of growth was the most pronounced in 2018 when the average import price increased by 261% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+9.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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