Asia: Sugar Beet Market 2024

Sugar Beet Market Size in Asia

The Asian sugar beet market amounted to $X in 2022, leveling off at the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Sugar Beet Production in Asia

In value terms, sugar beet production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production, however, showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Turkey (X tons) constituted the country with the largest volume of sugar beet production, comprising approx. X% of total volume. Moreover, sugar beet production in Turkey exceeded the figures recorded by the second-largest producer, China (X tons), twofold. The third position in this ranking was taken by Iran (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume in Turkey stood at X%. The remaining producing countries recorded the following average annual rates of production growth: China (X% per year) and Iran (X% per year).

The average sugar beet yield skyrocketed to X tons per ha in 2022, with an increase of X% against the year before. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The level of yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the yield stood 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.

The sugar beet harvested area dropped to X ha in 2022, waning by X% on the previous year's figure. Overall, the harvested area showed a slight downturn. The pace of growth appeared the most rapid in 2016 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area remained at a lower figure.

Sugar Beet Exports

Exports in Asia

In 2022, the amount of sugar beet exported in Asia declined sharply to X tons, with a decrease of X% against the year before. In general, exports continue to indicate a dramatic curtailment. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, sugar beet exports shrank notably to $X in 2022. Over the period under review, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China was the largest exporting country with an export of around X tons, which resulted at X% of total exports. It was distantly followed by Saudi Arabia (X tons), Vietnam (X tons) and the United Arab Emirates (X tons), together generating a X% share of total exports. Syrian Arab Republic (X tons) and India (X tons) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by India (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest sugar beet supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with an X% share of total exports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China totaled X%. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, jumping by X% against the previous year. In general, the export price posted a significant expansion. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Sugar Beet Imports

Imports in Asia

In 2022, sugar beet imports in Asia soared to X tons, increasing by X% compared with 2021 figures. Overall, imports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, sugar beet imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a noticeable downturn. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Oman (X tons) was the major importer of sugar beet, achieving X% of total imports. Singapore (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (X%). Yemen (X tons) and Palestine (X tons) followed a long way behind the leaders.

Oman was also the fastest-growing in terms of the sugar beet imports, with a CAGR of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) and Yemen (X%) displayed positive paces of growth. By contrast, Singapore (X%) and Palestine (X%) illustrated a downward trend over the same period. Oman (X p.p.), the United Arab Emirates (X p.p.), Singapore (X p.p.), Yemen (X p.p.) and Palestine (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Oman ($X), the United Arab Emirates ($X) and Singapore ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

In terms of the main importing countries, the United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price posted resilient growth. The most prominent rate of growth was recorded in 2013 an increase of X%. The level of import peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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