Thailand: Sugar Beet Market 2025

Sugar Beet Market Size in Thailand

In 2022, the Thai sugar beet market decreased by 0% to less than $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the market value decreased by 99.9%. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Sugar Beet Production in Thailand

In value terms, sugar beet production totaled less than $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with a decrease of 99.9%. Sugar beet production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

In 2022, the average sugar beet yield in Thailand totaled less than X kg per ha, standing approx. at 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.

The sugar beet harvested area in Thailand was estimated at less than X ha in 2022, almost unchanged from the previous year's figure. Overall, the harvested area showed a relatively flat trend pattern.

Sugar Beet Exports

Exports from Thailand

In 2019, sugar beet exports from Thailand totaled X kg, approximately reflecting the year before. Over the period under review, exports posted significant growth. The smallest decline of 99.9% was in 2015. Over the period under review, the exports hit record highs in 2019 and are likely to see gradual growth in the immediate term.

In value terms, sugar beet exports totaled $X in 2019. Overall, exports showed a dramatic slump. The smallest decline of -98.9% was in 2014. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2019, the exports failed to regain momentum.

Exports by Country

Maldives (X kg) was the main destination for sugar beet exports from Thailand, accounting for a 96% share of total exports. Moreover, sugar beet exports to Maldives exceeded the volume sent to the second major destination, Germany (X kg), more than tenfold.

From 2014 to 2019, the average annual growth rate of volume to Maldives stood at +282.0%.

From 2014 to 2019, the average annual growth rate of value to Maldives amounted to +58.5%.

Export Prices by Country

In 2019, the average sugar beet export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price saw a precipitous shrinkage. The pace of growth was the most pronounced in 2015 when the average export price decreased by 99.9%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2019, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2019, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Maldives totaled $X per ton.

From 2014 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (-58.7%).

Sugar Beet Imports

Imports into Thailand

Sugar beet imports into Thailand was estimated at X tons in 2019, almost unchanged from 2018 figures. Overall, imports enjoyed a significant expansion. The smallest decline of -99.3% was in 2013. Over the period under review, imports attained the peak figure in 2019 and are expected to retain growth in the immediate term.

In value terms, sugar beet imports totaled $X in 2019. Over the period under review, imports continue to indicate a deep downturn. The smallest decline of -98.4% was in 2013. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, the UK (X kg) constituted the largest supplier of sugar beet to Thailand, accounting for a approx. 50% share of total imports.

From 2012 to 2019, the average annual growth rate of volume from the UK amounted to +120.1%.

In value terms, the UK ($X) constituted the largest supplier of sugar beet to Thailand.

From 2012 to 2019, the average annual growth rate of value from the UK totaled +15.5%.

Import Prices by Country

In 2019, the average sugar beet import price amounted to $X per ton, stabilizing at the previous year. Overall, the import price recorded a dramatic descent. The pace of growth was the most pronounced in 2013 an increase of 118%. As a result, import price attained the peak level of $X per ton. From 2014 to 2019, the average import prices remained at a lower figure.

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

From 2012 to 2019, the rate of growth in terms of prices for the UK amounted to -47.5% per year.

Source: IndexBox Platform

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