Ukraine: Sugar Crop Market 2024

Sugar Crop Market Size in Ukraine

The Ukrainian sugar crop market declined to $X in 2022, shrinking by X% against the previous year. In general, consumption showed a abrupt decline. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Sugar Crop Production in Ukraine

In value terms, sugar crop production skyrocketed to $X in 2022 estimated in export price. In general, production continues to indicate a dramatic decrease. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, production attained the maximum level at $X.3B in 2012; however, from 2013 to 2022, production failed to regain momentum.

In 2022, the average sugar crop yield in Ukraine expanded significantly to X tons per ha, increasing by X% against 2021 figures. 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 observed throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the average sugar crop yield hit record highs in 2022 and is expected to retain growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of sugar crops production in Ukraine dropped significantly to X ha, with a decrease of X% on 2021 figures. In general, the harvested area showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when the harvested area increased by X% against the previous year. The sugar crop harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Sugar Crop Exports

Exports from Ukraine

In 2022, approx. X kg of sugar crops were exported from Ukraine; picking up by X% against 2021. In general, exports posted a strong expansion. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, sugar crop exports soared to $X in 2022. Overall, exports continue to indicate a pronounced expansion. The growth pace was the most rapid in 2015 when exports increased by X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Moldova (X kg), the Czech Republic (X kg) and Latvia (X kg) were the main destinations of sugar crop exports from Ukraine, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Moldova (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, Moldova ($X), the Czech Republic ($X) and Latvia ($X) were the largest markets for sugar crop exported from Ukraine worldwide, with a combined X% share of total exports.

Moldova, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average sugar crop export price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the export price saw a abrupt contraction. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Moldova ($X per ton), while the average price for exports to Latvia ($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 the Czech Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sugar Crop Imports

Imports into Ukraine

For the fourth year in a row, Ukraine recorded growth in purchases abroad of sugar crops, which increased by X% to X tons in 2022. In general, imports posted buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sugar crop imports surged to $X in 2022. Over the period under review, imports continue to indicate strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) was the main sugar crop supplier to Ukraine, accounting for a X% share of total imports. Moreover, sugar crop imports from Spain exceeded the figures recorded by the second-largest supplier, Slovenia (X tons), more than tenfold. The third position in this ranking was held by Poland (X tons), with a X% share.

From 2014 to 2022, the average annual growth rate of volume from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (X% per year) and Poland (X% per year).

In value terms, Spain ($X) constituted the largest supplier of sugar crops to Ukraine, comprising X% of total imports. The second position in the ranking was held by Slovenia ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2014 to 2022, the average annual growth rate of value from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (X% per year) and Poland (X% per year).

Import Prices by Country

In 2022, the average sugar crop import price amounted to $X per ton, falling by X% against the previous year. Overall, import price indicated measured growth from 2014 to 2022: its price increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sugar crop import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Slovenia ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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