Report Update Mar 1, 2025

Sri Lanka - Sugar Beet - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Sugar Beet Market 2025

Sugar Beet Market Size in Sri Lanka

The Sri Lankan sugar beet market reached $X in 2022, picking up by 8.5% against the previous year. Over the period under review, consumption posted a tangible increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Sugar Beet Production in Sri Lanka

In value terms, sugar beet production expanded notably to $X in 2022 estimated in export price. Overall, production showed a resilient increase. The growth pace was the most rapid in 2020 when the production volume increased by 60% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average sugar beet yield in Sri Lanka totaled less than X kg per ha, almost unchanged from the year before. In general, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of sugar beet were harvested in Sri Lanka; therefore, remained relatively stable against the year before. In general, the harvested area showed a relatively flat trend pattern.

Sugar Beet Exports

Exports from Sri Lanka

Sugar beet exports from Sri Lanka dropped remarkably to X kg in 2022, shrinking by -24.6% against 2021. In general, exports recorded a abrupt slump. The growth pace was the most rapid in 2015 when exports increased by 704%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, sugar beet exports fell remarkably to $X in 2022. Over the period under review, exports, however, recorded a temperate increase. The growth pace was the most rapid in 2015 with an increase of 735% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Maldives (X kg) was the main destination for sugar beet exports from Sri Lanka, with a 78% share of total exports. Moreover, sugar beet exports to Maldives exceeded the volume sent to the second major destination, Switzerland (X kg), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Maldives totaled -11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+3.1% per year) and Singapore (0.0% per year).

In value terms, Maldives ($X) remains the key foreign market for sugar beet exports from Sri Lanka, comprising 86% of total exports. The second position in the ranking was taken by Switzerland ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Maldives totaled +10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (-10.2% per year) and Singapore (0.0% per year).

Export Prices by Country

The average sugar beet export price stood at $X per ton in 2022, approximately mirroring the previous year. Overall, the export price, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 74%. The export price peaked at $X per ton in 2021, and then fell in the following year.

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 Maldives ($X per ton), while the average price for exports to Singapore ($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 Maldives (+24.7%).

Sugar Beet Imports

Imports into Sri Lanka

In 2022, overseas purchases of sugar beet decreased by -37.7% to X kg, falling for the fifth year in a row after two years of growth. Overall, imports faced a dramatic contraction. The growth pace was the most rapid in 2016 when imports increased by 506%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, sugar beet imports shrank remarkably to $X in 2022. In general, imports recorded a significant decrease. The most prominent rate of growth was recorded in 2016 when imports increased by 429%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X kg) was the main sugar beet supplier to Sri Lanka, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from India totaled -27.1%.

In value terms, India ($X) constituted the largest supplier of sugar beet to Sri Lanka.

From 2012 to 2022, the average annual growth rate of value from India stood at -29.0%.

Import Prices by Country

The average sugar beet import price stood at $X per ton in 2022, shrinking by -60.5% against the previous year. In general, the import price showed a perceptible contraction. The most prominent rate of growth was recorded in 2018 an increase of 296% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -2.6% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sugar beet in the world?

The countries with the highest volumes of sugar beet consumption in 2020 were Russia, the United States and Germany, together accounting for 37% of global consumption. These countries were followed by France, Turkey, Poland, Egypt, China, Ukraine, the Netherlands, Iran, the UK and Belgium, which together accounted for a further 48%.

What are the largest producers of sugar beet in the world?

The countries with the highest volumes of sugar beet production in 2020 were Russia, the United States and Germany, with a combined 37% share of global production. These countries were followed by France, Turkey, Poland, Egypt, China, Ukraine, the Netherlands, Iran, the UK and Belgium, which together accounted for a further 48%.

What are the leading suppliers of sugar beet to Sri Lanka?

In value terms, the United Arab Emirates constituted the largest supplier of sugar beet to Sri Lanka.

What are the leading importers of sugar beet from Sri Lanka?

In value terms, Maldives remains the key foreign market for sugar beet exports from Sri Lanka.

What is the average export price for sugar beet in Sri Lanka?

In 2020, the average sugar beet export price amounted to $2,608 per ton, approximately mirroring the previous year.

What is the average import price for sugar beet in Sri Lanka?

The average sugar beet import price stood at $7,212 per ton in 2016, therefore, remained relatively stable against the previous year.

This report provides an in-depth analysis of the sugar beet market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 157 - Sugar beet

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2024
23. Production, In Value Terms, 2012–2024
24. Area Harvested, 2012–2024
25. Yield, 2012–2024
26. Imports, In Physical Terms, 2012–2024
27. Imports, In Value Terms, 2012–2024
28. Imports, In Physical Terms, By Country, 2024
29. Imports, In Physical Terms, By Country, 2012–2024
30. Imports, In Value Terms, By Country, 2012–2024
31. Import Prices, By Country Of Origin, 2012–2024
32. Exports, In Physical Terms, 2012–2024
33. Exports, In Value Terms, 2012–2024
34. Exports, In Physical Terms, By Country, 2024
35. Exports, In Physical Terms, By Country, 2012–2024
36. Exports, In Value Terms, By Country, 2012–2024
37. Export Prices, By Country Of Destination, 2012–2024