Ukraine: Sugars Market 2024

Sugars Market Size in Ukraine

The Ukrainian sugars market soared to $X in 2021, picking up by 80% against 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, consumption showed a significant expansion. Sugars consumption peaked in 2021 and is expected to retain growth in the near future.

Sugars Exports

Exports from Ukraine

Sugars exports from Ukraine expanded remarkably to X kg in 2021, picking up by 9.7% compared with 2020 figures. Overall, exports, however, recorded a sharp setback. The most prominent rate of growth was recorded in 2018 with an increase of 6,400% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, sugars exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a significant decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 30,150% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

China (X kg) was the main destination for sugars exports from Ukraine, accounting for a 78% share of total exports. Moreover, sugars exports to China exceeded the volume sent to the second major destination, the United States (X kg), sixfold. The third position in this ranking was taken by Uzbekistan (X kg), with a 2.5% share.

From 2013 to 2021, the average annual growth rate of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+120.0% per year) and Uzbekistan (-68.5% per year).

In value terms, China ($X) emerged as the key foreign market for sugars, sugar ethers and salts exports from Ukraine, comprising 89% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 5% share of total exports. It was followed by Slovakia, with a 2% share.

From 2013 to 2021, the average annual rate of growth in terms of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (-26.7% per year) and Slovakia (+14.6% per year).

Export Prices by Country

The average sugars export price stood at $X per ton in 2021, picking up by 1,456% against the previous year. Overall, the export price continues to indicate a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+924.7%), while the prices for the other major destinations experienced more modest paces of growth.

Sugars Imports

Imports into Ukraine

Sugars imports into Ukraine soared to X tons in 2021, jumping by 101% against the previous year's figure. In general, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 131% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, sugars imports surged to $X in 2021. Over the period under review, imports saw buoyant growth. The pace of growth was the most pronounced in 2016 with an increase of 109%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of sugars to Ukraine, accounting for a 67% share of total imports. Moreover, sugars imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. The third position in this ranking was taken by France (X tons), with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +115.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+22.7% per year) and France (+11.3% per year).

In value terms, China ($X) constituted the largest supplier of sugars, sugar ethers and salts to Ukraine, comprising 61% of total imports. The second position in the ranking was taken by Germany ($X), with a 6.2% share of total imports. It was followed by France, with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +101.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+14.2% per year) and France (-4.2% per year).

Import Prices by Country

The average sugars import price stood at $X per ton in 2021, with a decrease of -20.5% against the previous year. Over the period under review, the import price showed a abrupt descent. The most prominent rate of growth was recorded in 2016 an increase of 87% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-6.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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