Sugar Beet Market in Australia
In value terms, sugar beet production fell slightly to $ in estimated in export price. Over the period under review, the total production indicated a tangible expansion from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against 2017 indices. The growth pace was the most rapid in 2010 with an increase of %. Over the period under review, production hit record highs at $ in 2012; however, from 2013 to , production stood at a somewhat lower figure.
In , the average sugar beet yield in Australia amounted to less than kg per ha, approximately mirroring figures. Over the period under review, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In , the harvested area of sugar beet in Australia was estimated at less than ha, almost unchanged from the previous year's figure. Overall, the harvested area showed a relatively flat trend pattern.
The size of the sugar beet market in Australia dropped remarkably to $ in , reducing by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a strong expansion. Over the period under review, the market hit record highs at $ in 2013; however, from 2014 to , consumption remained at a lower figure.