Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Ireland - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Ireland (CIF) - 2023
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Ireland (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Ireland
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Ireland
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Ireland (CIF) - 2023
In October 2023, the average import price for raw cane sugar (without flavoring or coloring matter) amounted to $1,302 per ton, reducing by -17.3% against the previous month. Overall, the import price, however, recorded prominent growth. The most prominent rate of growth was recorded in February 2023 an increase of 660% against the previous month. As a result, import price reached the peak level of $9,809 per ton. From March 2023 to October 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Mauritius ($1,626 per ton), while the price for El Salvador amounted to $907 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by El Salvador (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Ireland (FOB) - 2022
In 2022, the average export price for raw cane sugar (without flavoring or coloring matter) amounted to $3,224 per ton, almost unchanged from the previous year. Over the period under review, the export price, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 when the average export price increased by 19%. The export price peaked at $21,612 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the UK.
From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to -17.3% per year.
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Ireland
In 2022, the amount of raw cane sugar (without flavoring or coloring matter) imported into Ireland amounted to 1.9K tons, leveling off at the year before. Over the period under review, imports enjoyed modest growth. The smallest decline of -47.7% was in 2020. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, imports of raw cane sugar (without flavoring or coloring matter) amounted to $1.4M in 2022. In general, imports showed a moderate expansion. The smallest decline of -38.6% was in 2020. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the immediate term.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| El Salvador | 192 | 235 | N/A | 738 | 56.6% |
| Mauritius | 604 | N/A | N/A | 670 | 3.5% |
| United Kingdom | 99.7 | 62.6 | N/A | 16.1 | -45.5% |
| Swaziland | 198 | 27.1 | N/A | N/A | -86.3% |
| Colombia | 130 | 224 | N/A | N/A | 72.3% |
| Lao People's Democratic Republic | N/A | 202 | N/A | N/A | 0% |
| Others | 47.9 | 29.5 | N/A | 17.0 | -29.2% |
| Total | 1,271 | 780 | N/A | 1,441 | 4.3% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter) to Ireland in 2022:
- El Salvador (1100.5 tons)
- Mauritius (748.1 tons)
- United Kingdom (9.3 tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Ireland
In 2022, overseas shipments of raw cane sugar (without flavoring or coloring matter) were finally on the rise to reach 331 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a significant decline.
In value terms, exports of raw cane sugar (without flavoring or coloring matter) soared to $1.1K in 2022. In general, exports, however, showed a sharp contraction.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 6.3 | 3.5 | 0.2 | 1.1 | -44.1% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 6.3 | 3.6 | 0.2 | 1.1 | -44.1% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter) from Ireland in 2022:
- United Kingdom (331.0 kg)
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