Macedonia: Sugar Beet Market 2020

Sugar Beet Market Size in Macedonia

The revenue of the sugar beet market in Macedonia amounted to $X in 2018, stabilizing at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, sugar beet consumption continues to indicate a remarkable increase. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. In that year, the sugar beet market reached its peak level of $X. From 2016 to 2018, the growth of the sugar beet market remained at a lower figure.

Sugar Beet Exports

Exports by Country

Germany represented the major exporter of sugar beet exported in the world, with the volume of exports amounting to X tons, which was near X% of total exports in 2018. Austria (X tons) held the second position in the ranking, followed by Belgium (X tons). All these countries together took approx. X% share of total exports. The following exporters - Slovenia (X tons), Slovakia (X tons), Egypt (X tons) and Croatia (X tons) - together made up X% of total exports.

Exports from Germany increased at an average annual rate of +X% from 2007 to 2018. At the same time, Slovenia (+X%), Belgium (+X%), Egypt (+X%), Croatia (+X%) and Slovakia (+X%) displayed positive paces of growth. Moreover, Slovenia emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2018. By contrast, Austria (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Germany, Belgium and Slovenia increased by +X%, +X% and +X% percentage points, while Austria (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest sugar beet supplier from Macedonia, comprising X% of global exports. The second position in the ranking was occupied by Slovakia ($X), with a X% share of global exports. It was followed by Austria, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in Germany amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Slovakia (+X% per year) and Austria (-X% per year).

Export Prices by Country

In 2018, the sugar beet export price in Macedonia amounted to $X per ton, leveling off at the previous year. In general, the sugar beet export price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by the country of origin; the country with the highest price was Slovakia ($X per ton), while Germany ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Slovakia (+X% per year), while the other leaders experienced more modest paces of growth.

Sugar Beet Imports

Imports into Macedonia

In 2015, approx. X kg of sugar beet were imported into Macedonia; growing by X% against the previous year. The total import volume increased at an average annual rate of +X% over the period from 2014 to 2015; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed over the period under review. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. In that year, sugar beet imports reached their peak and are likely to continue its growth in the immediate term.

In value terms, sugar beet imports stood at $X in 2015. In general, sugar beet imports continue to indicate a skyrocketing expansion. The growth pace was the most rapid in 2015 when imports increased by X% year-to-year. In that year, sugar beet imports reached their peak and are likely to continue its growth in the immediate term.

Imports by Country

Switzerland (X tons), the Netherlands (X tons), Croatia (X tons) and the Czech Republic (X tons) represented roughly X% of total imports of sugar beet in 2018. Slovakia (X tons), the UK (X tons), Singapore (X tons), Ireland (X tons), Russia (X tons) and Belgium (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Ireland, while imports for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Croatia ($X) and the Czech Republic ($X) appeared to be the countries with the highest levels of imports in 2018, together comprising X% of total imports. These countries were followed by the Netherlands, Slovakia, the UK, Russia, Belgium, Ireland and Singapore, which together accounted for a further X the main importing countries, Ireland experienced the highest growth rate of market size, over the period under review, while imports for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the sugar beet import price in Macedonia amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the sugar beet import price continues to indicate outstanding growth. The most prominent rate of growth was recorded in 2015 when the import price increased by X% year-to-year. In that year, the import prices for sugar beet reached their peak level of $X per ton. From 2016 to 2018, the growth in terms of the import prices for sugar beet remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Slovakia ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform