Sucrose in solid form market in North Macedonia

Earlier Report Observations

The market for chemically pure sucrose in solid form in North Macedonia reached its highest volume of over 76 thousand tonnes in 2019. A multi-year decline followed, reducing the market by nearly 20% to just above 61 thousand tonnes by 2022.

This sharp contraction in 2022 coincided with major global supply disruptions. India's cap on sugar exports limited worldwide availability, while the invasion of Ukraine created a historic shock to commodity markets, sustaining high global prices and straining regional supply chains. A recovery emerged in 2023, with the market volume growing by over 10% to nearly 68 thousand tonnes. This rebound was primarily driven by a 38% drop in EU sugar prices resulting from global overproduction and shifting market speculation.

By 2024, factors from neighboring markets indicated a shift in regional consumption patterns. Data from Bulgaria showed a sustained reduction in added sugar within soft drinks, and a broader European interest grew in functional and sugar-free products, reflecting evolving consumer preferences.

Production sucrose in solid form in North Macedonia

In kind, 2017-2020, t

Top producers of sucrose in solid form, 2017-2020

World map of production of sucrose in solid form, 2017-2020

North Macedonia's production of sucrose in solid form increased for the second consecutive year. In 2020, the country produced 1 017 tonnes, marking a 13.1% rise compared to 2019. However, looking at the broader period from 2017 to 2020, overall production declined by 19.3%, with a compound annual growth rate of -6.9%. The lowest production level was recorded in 2018 at 858 tonnes, which also saw the largest annual decline of 31.9%.

Annual dynamics of production in North Macedonia in kind, 2017-2020, t

In value, 2017-2020, K $ US

In 2020, the value of sucrose in solid form production in North Macedonia was 1 947 thousand US dollars, showing a gradual decrease of 6.1% year-over-year. From 2017 to 2020, the production value fell by 28.1%, translating to an annualized decline of 10.4%. The most significant drop occurred in 2018 at 23.5%, while 2019 saw a minor increase of 0.1%.

Annual dynamics of production in North Macedonia in value, 2017-2020, K $ US

Exports sucrose in solid form from North Macedonia

Exports in kind, t

The export market for sucrose in solid form from North Macedonia showed an unstable trend during the period. In 2018, exports hit their lowest point at 19 tonnes, with a decline of 7.1% that year. By 2020, exports rebounded to 90 tonnes, representing a substantial 131.1% increase compared to 2019. The difference between the peak in 2020 and the low in 2018 was 4.8-fold.

Annual dynamics of product's exports from North Macedonia in kind, 2017-2020, t

From 2017 to 2020, Serbia, Croatia, and Slovenia remained the primary buyers of sucrose in solid form from North Macedonia. Serbia accounted for 58.6% of exports in kind, Croatia for 11.2%, and Slovenia for 5.9%. Together, these three countries made up 75.7% of total exports in kind.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from North Macedonia in kind, 2017-2020

Exports in value, K $ US

Exports of sucrose in solid form from North Macedonia increased for the third consecutive year. In 2020, export value reached 172 thousand US dollars, a 92.0% gain compared to the previous year. Over the period from 2017 to 2020, exports surged by 298.5%, equating to an annualized growth rate of 58.5%.

Annual dynamics of product's exports from North Macedonia in value, 2017-2020, K $ US

Between 2017 and 2020, Serbia, Croatia, and Slovenia were the three principal markets for North Macedonia's sucrose in solid form exports in value terms. Collectively, they accounted for 76.4% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from North Macedonia in value, 2017-2020

Imports sucrose in solid form to North Macedonia

Imports in kind, t

In 2020, North Macedonia imported 70 263 tonnes of sucrose in solid form, a decrease of 6.8% compared to 2019. From 2017 to 2020, imports declined by 6.8%, with an annualized rate of -2.3%. The largest increase was recorded in 2019 at 2.6%.

Annual dynamics of product's imports to North Macedonia in kind, 2017-2020, t

Throughout 2017 to 2020, Algeria, Morocco, and Serbia were the key partners for North Macedonia's imports of sucrose in solid form in kind. Algeria contributed 23.0% of imports, Morocco 15.9%, and Serbia 14.5%. Together, they represented 53.3% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to North Macedonia in kind, 2017-2020

Imports in value, K $ US

Imports of sucrose in solid form into North Macedonia increased for the second consecutive year. In 2020, import value totaled 30 774 thousand US dollars, a slight gain of 2.5% compared to 2019. However, over the period from 2017 to 2020, imports decreased by 18.6%, with a compound annual growth rate of -6.6%. The lowest value was recorded in 2018 at 29 297 thousand US dollars, which also saw the largest decline of 22.5%. In contrast, 2019 experienced an increase of 2.5%.

Annual dynamics of product's imports to North Macedonia in value, 2017-2020, K $ US

From 2017 to 2020, Algeria, Morocco, and Serbia were the main sources in the geographical breakdown of sucrose in solid form imports into North Macedonia in value terms. Algeria accounted for 22.3% of imports, Morocco for 15.4%, and Serbia for 14.4%. Their combined share was 52.1% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to North Macedonia in value, 2017-2020