In 2023, the European sugar production market displayed diverse trends. France led with a value of €6.2 billion, showing a year-on-year increase of 2.48%. Germany, the second-largest producer, experienced a decline of 3.25%, reaching €2.19 billion. Poland's production slightly increased by 0.055% to €1.1 billion. Conversely, Spain and Belgium saw decreases of 3.16% and 4.17% respectively. The Czech Republic maintained stability with a marginal rise of 0.0075%. Notably, Hungary experienced significant growth of 8.44%, while Finland, Portugal, and Romania saw declines greater than 7%. Serbia faced the highest drop at 26.27%.
Future trends to watch include technological advancements, climate impacts on agricultural yields, and shifts towards more sustainable sugar production methods. Monitoring the performance of key players and emerging markets will also be crucial for understanding upcoming changes in the European sugar production landscape.
Top countries in Sugar Production Value by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 6,200 | 2023 | +3.81% | +2.48% | View data |
| 2 | 2 Germany | 2,190 | 2023 | -1.56% | -3.25% | View data |
| 3 | 3 Poland | 1,100 | 2023 | -0.41% | +0.055% | View data |
| 4 | 4 Spain | 458.4 | 2023 | -0.65% | -3.16% | View data |
| 5 | 5 Belgium | 357.3 | 2023 | -8.85% | -4.17% | View data |
| 6 | 6 Czech Republic | 333.9 | 2023 | -0.6% | +0.0075% | View data |
| 7 | 7 Italy | 317.6 | 2023 | -1.03% | +1.13% | View data |
| 8 | 8 Finland | 135.9 | 2023 | -4.03% | -8.81% | View data |
| 9 | 9 Slovakia | 94.4 | 2023 | -1.15% | -0.27% | View data |
| 10 | 10 Hungary | 91 | 2023 | +4.6% | +8.44% | View data |
