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

Contents:

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

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

In 2022, the average import price for raw cane sugar (without flavoring or coloring matter, other) amounted to $440 per ton, falling by -24.4% against the previous year. In general, the import price showed a abrupt setback. The most prominent rate of growth was recorded in 2019 when the average import price increased by 219%. As a result, import price attained the peak level of $1,348 per ton. From 2020 to 2022, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Brazil.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to -4.8% per year.

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

In 2022, the average export price for raw cane sugar (without flavoring or coloring matter, other) amounted to $1,896 per ton, almost unchanged from the previous year. Overall, the export price continues to indicate a mild decline. The most prominent rate of growth was recorded in 2020 an increase of 24%. Over the period under review, the average export prices hit record highs at $2,095 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Germany ($2,213 per ton) and Sweden ($1,956 per ton), while the average price for exports to Russia ($1,739 per ton) and Lithuania ($1,748 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.1%), 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 Finland

In 2022, imports of raw cane sugar (without flavoring or coloring matter, other) into Finland surged to 62K tons, increasing by 953% on the previous year's figure. In general, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) surged to $27M in 2022. Over the period under review, imports recorded a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Brazil (61.3K tons)
2. Malawi (0.3K tons)

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

Exports of raw cane sugar (without flavoring or coloring matter, other) from Finland dropped sharply to 354 tons in 2022, waning by -36.5% compared with 2021. In general, exports showed a sharp downturn. The pace of growth was the most pronounced in 2021 with an increase of 2.1%.

In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) fell dramatically to $671K in 2022. Overall, exports saw a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of 1%.

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

1. Sweden (107.7 tons)
2. Denmark (104.3 tons)
3. Lithuania (63.8 tons)
4. Estonia (23.9 tons)
5. Russia (18.9 tons)
6. United States (14.7 tons)
7. Germany (13.4 tons)

Source: IndexBox Market Intelligence Platform