Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Denmark - 2023

Contents:

1. Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Denmark (CIF) - 2023
2. Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Denmark (FOB) - 2023
3. Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Denmark
4. Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Denmark

Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Denmark (CIF) - 2023

The average import price for raw cane sugar (without flavoring or coloring matter, other) stood at $1,992 per ton in October 2023, falling by -17.6% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.5%. The pace of growth appeared the most rapid in December 2022 when the average import price increased by 20% m-o-m. The import price peaked at $2,467 per ton in August 2023; however, from September 2023 to October 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Slovakia ($3,833 per ton), while the price for Colombia ($986 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Lithuania (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Denmark (FOB) - 2023

In October 2023, the average export price for raw cane sugar (without flavoring or coloring matter, other) amounted to $2,929 per ton, increasing by 7.3% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.4%. The growth pace was the most rapid in April 2023 an increase of 28% against the previous month. As a result, the export price reached the peak level of $3,049 per ton. From May 2023 to October 2023, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Finland ($4,638 per ton), while the average price for exports to Sweden ($1,449 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Denmark

In 2022, after three years of growth, there was significant decline in purchases abroad of raw cane sugar (without flavoring or coloring matter, other), when their volume decreased by -12.1% to 2.2K tons. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +13.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.6% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 31%.

In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) declined to $3.7M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +13.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 27% against the previous year.

Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to Denmark in 2022:

1. Germany (977.8 tons)
2. Sweden (452.3 tons)
3. Lao People's Democratic Republic (192.0 tons)
4. Netherlands (161.0 tons)
5. Finland (130.6 tons)
6. Lithuania (91.9 tons)
7. Slovakia (77.0 tons)

Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Denmark

After three years of growth, shipments abroad of raw cane sugar (without flavoring or coloring matter, other) decreased by -9.5% to 533 tons in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 5.8%. As a result, the exports attained the peak of 589 tons, and then shrank in the following year.

In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) dropped modestly to $1.2M in 2022. The total export value increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 13% against the previous year. As a result, the exports attained the peak of $1.2M, and then reduced in the following year.

Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from Denmark in 2022:

1. Norway (461.4 tons)
2. Iceland (33.3 tons)
3. Germany (11.2 tons)
4. Sweden (11.0 tons)

Source: IndexBox Market Intelligence Platform