Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Serbia - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Serbia (CIF) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Serbia (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Serbia
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Serbia
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Serbia (CIF) - 2022
The average import price for raw cane sugar (without flavoring or coloring matter, other) stood at $1,287 per ton in 2022, jumping by 36% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mauritius ($2,392 per ton), while the price for Colombia ($921 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (+38.4%), 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 Serbia (FOB) - 2022
In 2022, the average export price for raw cane sugar (without flavoring or coloring matter, other) amounted to $3,625 per ton, jumping by 64% against the previous year. In general, the export price posted prominent growth. The most prominent rate of growth was recorded in 2014 an increase of 103% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Croatia.
From 2012 to 2022, the rate of growth in terms of prices for Bosnia and Herzegovina amounted to +7.7% per year.
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Serbia
Imports of raw cane sugar (without flavoring or coloring matter, other) into Serbia contracted dramatically to 460 tons in 2022, waning by -20.7% against 2021. In general, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 2.7%.
In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) rose rapidly to $592K in 2022. The total import value increased at an average annual rate of +2.2% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Serbia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Colombia | 258 | 194 | 220 | 240 | -2.4% |
Mauritius | 0.4 | 13.6 | 1.4 | 176 | 660.6% |
Germany | 15.6 | 37.1 | 56.5 | 130 | 102.7% |
Lao People's Democratic Republic | 7.5 | N/A | N/A | 24.2 | 47.8% |
Croatia | 60.4 | 53.1 | 36.5 | N/A | -22.3% |
Austria | 21.0 | 24.0 | 30.2 | N/A | 19.9% |
North Macedonia | 91.1 | 86.5 | 92.0 | N/A | 0.5% |
Others | 101 | 101 | 110 | 22.2 | -39.7% |
Total | 555 | 510 | 547 | 592 | 2.2% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to Serbia in 2022:
- Colombia (259.9 tons)
- Germany (94.1 tons)
- Mauritius (73.4 tons)
- Lao People's Democratic Republic (17.1 tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Serbia
For the third year in a row, Serbia recorded decline in shipments abroad of raw cane sugar (without flavoring or coloring matter, other), which decreased by -14.3% to 48 kg in 2022. In general, exports faced a precipitous shrinkage.
In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) soared to $174 in 2022. Over the period under review, exports continue to indicate a sharp descent.
Export of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Serbia (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Croatia | N/A | N/A | N/A | 174 | 0% |
Switzerland | 74.0 | N/A | N/A | N/A | 0% |
Bosnia and Herzegovina | 278 | 125 | 34.0 | N/A | -65.0% |
Netherlands | N/A | N/A | 40.0 | N/A | 0% |
Canada | 27.0 | 37.0 | 50.0 | N/A | 36.1% |
Others | N/A | 3.0 | N/A | N/A | 0% |
Total | 379 | 165 | 124 | 174 | -22.9% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from Serbia in 2022:
- Croatia (48.0 kg)
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