ASEAN: Sugar Beet Market 2024

Sugar Beet Market Size in ASEAN

After two years of growth, the ASEAN sugar beet market decreased by X% to $X in 2022. In general, consumption, however, continues to indicate prominent growth. As a result, consumption attained the peak level of $X, leveling off in the following year.

Sugar Beet Production in ASEAN

In value terms, sugar beet production reached $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

The country with the largest volume of sugar beet production was Malaysia (X tons), comprising approx. X% of total volume. Moreover, sugar beet production in Malaysia exceeded the figures recorded by the second-largest producer, Myanmar (X tons), threefold.

In Malaysia, sugar beet production expanded at an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Myanmar (X% per year) and Vietnam (X% per year).

Sugar Beet Exports

Exports in ASEAN

After seven years of decline, overseas shipments of sugar beet increased by X% to X tons in 2022. In general, exports, however, showed a deep reduction. The growth pace was the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, sugar beet exports amounted to $X in 2022. Overall, exports, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Vietnam dominates exports structure, resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by Indonesia (X tons), achieving a X% share of total exports. Singapore (X tons) followed a long way behind the leaders.

Exports from Vietnam decreased at an average annual rate of X% from 2012 to 2022. At the same time, Indonesia (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Singapore (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.) and Indonesia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (X p.p.) displayed negative dynamics.

In value terms, Vietnam ($X) remains the largest sugar beet supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Vietnam stood at X%. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Singapore (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, leveling off at the previous year. Overall, the export price enjoyed a pronounced increase. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced mixed trends in the export price figures.

Sugar Beet Imports

Imports in ASEAN

In 2022, approx. X tons of sugar beet were imported in ASEAN; with a decrease of X% compared with 2021. Overall, imports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, sugar beet imports contracted slightly to $X in 2022. Over the period under review, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Singapore prevails in imports structure, recording X tons, which was approx. X% of total imports in 2022. Malaysia (X tons) followed a long way behind the leaders.

Imports into Singapore decreased at an average annual rate of X% from 2012 to 2022. At the same time, Malaysia (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. Singapore (X p.p.) and Malaysia (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, Singapore ($X) constitutes the largest market for imported sugar beet in ASEAN, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with a X% share of total imports.

In Singapore, sugar beet imports contracted by an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Malaysia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%).

Source: IndexBox Platform

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