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

Contents:

1. Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Estonia (CIF) - 2022
2. Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Estonia (FOB) - 2022
3. Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Estonia
4. Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Estonia

Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Estonia (CIF) - 2022

In 2022, the average import price for raw cane sugar (without flavoring or coloring matter, other) amounted to $1,142 per ton, falling by -15% against the previous year. In general, the import price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the average import price increased by 23% against the previous year. Over the period under review, average import prices reached the maximum at $2,124 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($1,849 per ton), while the price for Venezuela ($733 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+6.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Estonia (FOB) - 2022

In 2022, the average export price for raw cane sugar (without flavoring or coloring matter, other) amounted to $754 per ton, reducing by -38.6% against the previous year. In general, the export price recorded a abrupt slump. The most prominent rate of growth was recorded in 2013 an increase of 43%. As a result, the export price reached the peak level of $2,637 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($2,188 per ton), while the average price for exports to Russia ($733 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+16.0%), while the prices for the other major destinations experienced a decline.

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

In 2022, purchases abroad of raw cane sugar (without flavoring or coloring matter, other) decreased by -8.3% to 512 tons, falling for the second consecutive year after two years of growth. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 24%. As a result, imports reached the peak of 628 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) shrank dramatically to $584K in 2022. Over the period under review, imports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 28%. As a result, imports attained the peak of $833K. From 2021 to 2022, the growth of imports of failed to regain momentum.

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

1. Lithuania (273.4 tons)
2. Mauritius (76.4 tons)
3. Sweden (74.4 tons)
4. Finland (32.6 tons)
5. Germany (24.4 tons)
6. Venezuela (20.7 tons)
7. Latvia (3.4 tons)

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

In 2022, approx. 21 tons of raw cane sugar (without flavoring or coloring matter, other) were exported from Estonia; surging by 4.8% compared with the previous year. In general, exports, however, faced a precipitous slump. The pace of growth was the most pronounced in 2020 with an increase of 49% against the previous year. As a result, the exports reached the peak of 103 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) declined rapidly to $16K in 2022. Overall, exports, however, showed a sharp reduction. The pace of growth was the most pronounced in 2020 with an increase of 44% against the previous year. As a result, the exports attained the peak of $103K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

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

1. Russia (20.7 tons)

Source: IndexBox Market Intelligence Platform