In 2023, the European sugar market showed significant disparities among countries. France led with a turnover of 7.86 billion Euros, up by 0.86% year-on-year. Germany, with 2.39 billion Euros, saw a decline of 4.98%. Poland experienced a slight increase of 0.8% to 1.25 billion Euros. Belgium and Spain both faced substantial drops, decreasing by 5.59% and 6.38%, respectively. Czech Republic observed a minor decrease of 1.66% at 0.3556 billion Euros. Romania, Italy, and Finland each showed marked decreases, down by 5.69%, 8.11%, and 9.57%, respectively. Slovakia showed a minor increase of 0.49%, whereas Croatia decreased by 2.2%. Portugal's turnover fell by 9.03%, Serbia saw the steepest decline at 19.73%, and Hungary decreased by 6.1%.
Looking forward, future trends to watch include potential market stabilization in France and Poland, considering their positive growths. The declining markets like Germany, Belgium, and Spain might continue facing challenges unless significant shifts occur in policy or production. Additionally, the impact of ongoing geopolitical situations and environmental regulations could play crucial roles in shaping the sugar turnover across Europe.
Top countries in Sugar Turnover by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 7,860 | 2023 | +4.76% | +0.86% | View data |
| 2 | 2 Germany | 2,390 | 2023 | -1.29% | -4.98% | View data |
| 3 | 3 Poland | 1,250 | 2023 | -0.22% | +0.8% | View data |
| 4 | 4 Belgium | 394.4 | 2023 | -9.5% | -5.59% | View data |
| 5 | 5 Spain | 384.4 | 2023 | -4.96% | -6.38% | View data |
| 6 | 6 Czech Republic | 355.6 | 2023 | -1% | -1.66% | View data |
| 7 | 7 Romania | 163.4 | 2023 | -6.13% | -5.69% | View data |
| 8 | 8 Italy | 157.3 | 2023 | -15.98% | -8.11% | View data |
| 9 | 9 Finland | 144.4 | 2023 | -3.99% | -9.57% | View data |
| 10 | 10 Slovakia | 144.4 | 2023 | +1.4% | +0.49% | View data |
