Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the Czech Republic - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the Czech Republic (CIF) - 2023
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the Czech Republic (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the Czech Republic
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the Czech Republic
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the Czech Republic (CIF) - 2023
The average import price for raw cane sugar (without flavoring or coloring matter, other) stood at $960 per ton in October 2023, approximately reflecting the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.3%. The growth pace was the most rapid in February 2023 when the average import price increased by 16% m-o-m. The import price peaked at $1,119 per ton in May 2023; however, from June 2023 to October 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($1,432 per ton), while the price for Malawi ($627 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 Swaziland (+2.4%), 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 the Czech Republic (FOB) - 2022
The average export price for raw cane sugar (without flavoring or coloring matter, other) stood at $1,208 per ton in 2022, reducing by -3.4% against the previous year. Over the period under review, the export price saw a abrupt slump. The pace of growth appeared the most rapid in 2020 when the average export price increased by 27% against the previous year. Over the period under review, the average export prices hit record highs at $2,237 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($2,107 per ton), while the average price for exports to Croatia ($877 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 Croatia (+3.6%), while the prices for the other major destinations experienced a decline.
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the Czech Republic
In 2022, the amount of raw cane sugar (without flavoring or coloring matter, other) imported into the Czech Republic soared to 29K tons, picking up by 20% against 2021 figures. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +14.1% 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 +48.5% against 2019 indices. 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) skyrocketed to $23M in 2022. The total import value increased at an average annual rate of +10.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the Czech Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 3.1 | 3.4 | 4.6 | 6.1 | 25.3% |
| Brazil | N/A | N/A | 1.2 | 4.0 | 233.3% |
| Colombia | 1.3 | 3.3 | 3.4 | 3.9 | 44.2% |
| Malawi | 0.1 | 0.3 | 1.1 | 1.6 | 152.0% |
| Germany | 0.7 | 1.3 | 1.7 | 1.4 | 26.0% |
| El Salvador | N/A | 0.2 | 0.2 | 1.3 | 155.0% |
| India | 4.2 | 4.7 | 1.9 | 1.3 | -32.4% |
| Mauritius | 0.8 | 0.7 | 0.6 | 0.9 | 4.0% |
| Costa Rica | 0.6 | N/A | 0.2 | 0.2 | -30.7% |
| Cuba | 4.0 | 1.1 | 0.6 | N/A | -61.3% |
| Others | 2.0 | 1.5 | 2.3 | 2.1 | 1.6% |
| Total | 16.7 | 16.3 | 17.8 | 22.9 | 11.1% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to the Czech Republic in 2022:
- Argentina (8.3K tons)
- Colombia (5.0K tons)
- Brazil (4.6K tons)
- Malawi (2.5K tons)
- India (1.6K tons)
- El Salvador (1.5K tons)
- Germany (1.3K tons)
- Mauritius (1.2K tons)
- Costa Rica (0.2K tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the Czech Republic
In 2022, exports of raw cane sugar (without flavoring or coloring matter, other) from the Czech Republic fell modestly to 4.4K tons, flattening at 2021 figures. Overall, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 114% against the previous year. As a result, the exports reached the peak of 4.4K tons, leveling off in the following year.
In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) declined modestly to $5.3M in 2022. In general, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 68%. As a result, the exports reached the peak of $5.5M, and then contracted slightly in the following year.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the Czech Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | 1,020 | 1,428 | 1,677 | 1,996 | 25.1% |
| Germany | 493 | 615 | 922 | 951 | 24.5% |
| Italy | N/A | N/A | 210 | 421 | 100.5% |
| Poland | 634 | 480 | 292 | 410 | -13.5% |
| Austria | 199 | 205 | 387 | 360 | 21.8% |
| Netherlands | 350 | 274 | 558 | 344 | -0.6% |
| Hungary | 7.6 | 76.5 | 909 | 246 | 218.7% |
| Slovenia | N/A | N/A | 93.2 | 241 | 158.6% |
| Others | 124 | 192 | 455 | 339 | 39.8% |
| Total | 2,828 | 3,272 | 5,503 | 5,309 | 23.4% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from the Czech Republic in 2022:
- Slovakia (1943.0 tons)
- Germany (451.6 tons)
- Italy (416.4 tons)
- Netherlands (354.0 tons)
- Poland (304.1 tons)
- Austria (243.6 tons)
- Hungary (229.7 tons)
- Slovenia (218.4 tons)
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