Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Norway - 2024
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Norway (CIF) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Norway (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Norway
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Norway
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Norway (CIF) - 2022
The average import price for raw cane sugar (without flavoring or coloring matter, other) stood at $1,732 per ton in 2022, growing by 1.6% against the previous year. In general, the import price, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2016 when the average import price increased by 21%. The import price peaked at $2,422 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($5,790 per ton), while the price for Brazil ($898 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+15.4%), 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 Norway (FOB) - 2022
In 2022, the average export price for raw cane sugar (without flavoring or coloring matter, other) amounted to $2,208 per ton, which is down by -21.5% against the previous year. Overall, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2019 when the average export price increased by 105%. The export price peaked at $4,140 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($29,000 per ton), while the average price for exports to Sweden ($1,515 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 the Netherlands (+31.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Norway
For the fourth year in a row, Norway recorded growth in supplies from abroad of raw cane sugar (without flavoring or coloring matter, other), which increased by 3.2% to 298 tons in 2022. The total import volume increased at an average annual rate of +1.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained 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) totaled $516K in 2022. Overall, imports, however, continue to indicate a mild downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 14%.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 15.3 | 29.7 | 27.8 | 141 | 109.7% |
| Denmark | 35.9 | 29.5 | 37.2 | 122 | 50.3% |
| United Kingdom | 26.4 | 21.2 | 27.3 | 120 | 65.7% |
| Malawi | 15.9 | 13.1 | 15.9 | 60.2 | 55.9% |
| Austria | 0.2 | 0.3 | 3.9 | 32.7 | 446.8% |
| Belgium | 10.6 | 9.8 | 11.4 | N/A | 3.7% |
| France | 15.5 | 1.9 | 0.1 | N/A | -92.0% |
| India | 12.5 | 9.0 | 8.8 | N/A | -16.1% |
| Others | 400 | 316 | 359 | 40.9 | -53.2% |
| Total | 532 | 430 | 492 | 516 | -1.0% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to Norway in 2022:
- Brazil (156.6 tons)
- Denmark (47.6 tons)
- United Kingdom (47.1 tons)
- Malawi (27.3 tons)
- Austria (5.6 tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Norway
In 2022, overseas shipments of raw cane sugar (without flavoring or coloring matter, other) were finally on the rise to reach 202 kg after two years of decline. Overall, exports, however, showed a sharp downturn.
In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) surged to $446 in 2022. In general, exports, however, recorded a dramatic downturn.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Norway (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 879 | 391 | 165 | 294 | -30.6% |
| Netherlands | 74.0 | 53.0 | 48.0 | 121 | 17.8% |
| Denmark | 315 | 60.0 | 15.0 | 29.0 | -54.8% |
| Ghana | 10.0 | N/A | N/A | N/A | 0% |
| Others | 321 | 60.0 | 101 | 2.0 | -81.6% |
| Total | 1,599 | 564 | 329 | 446 | -34.7% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from Norway in 2022:
- Sweden (194.0 kg)
- Netherlands (6.0 kg)
- Denmark (1.0 kg)
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