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

Contents:

  1. Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the Netherlands (CIF) - 2023
  2. Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the Netherlands (FOB) - 2023
  3. Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the Netherlands
  4. Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the Netherlands

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

The average import price for raw cane sugar (without flavoring or coloring matter, other) stood at $750 per ton in October 2023, shrinking by -21.9% against the previous month. In general, import price indicated modest growth from October 2022 to October 2023: its price increased at an average monthly rate of +1.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for raw cane sugar (without flavoring or coloring matter, other) decreased by -34.9% against July 2023 indices. The pace of growth was the most pronounced in January 2023 an increase of 31% against the previous month. Over the period under review, average import prices attained the peak figure at $1,151 per ton in July 2023; however, from August 2023 to October 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was Brazil ($765 per ton), while the price for Fiji totaled $735 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Fiji (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In October 2023, the average export price for raw cane sugar (without flavoring or coloring matter, other) amounted to $2,548 per ton, with an increase of 62% against the previous month. Overall, the export price saw resilient growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In October 2023, the country with the highest price was Curacao ($3,237 per ton), while the average price for exports to the UK stood at $2,480 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Curacao (+4.6%), 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 the Netherlands

After two years of decline, purchases abroad of raw cane sugar (without flavoring or coloring matter, other) increased by 360% to 77K tons in 2022. In general, imports recorded a buoyant increase. 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) soared to $46M in 2022. Overall, imports continue to indicate significant growth. 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 Netherlands (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
FijiN/AN/AN/A19.50%
Brazil0.612.20.415.4195.0%
Belgium1.31.53.35.763.7%
France1.21.31.01.610.1%
El SalvadorN/A1.14.30.4-39.7%
Cuba15.6N/AN/AN/A0%
Others3.32.44.13.30.0%
Total22.018.513.046.027.9%

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

  1. Fiji (34.9K tons)
  2. Brazil (29.9K tons)
  3. Belgium (6.7K tons)
  4. France (2.3K tons)
  5. El Salvador (0.9K tons)

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

In 2022, the amount of raw cane sugar (without flavoring or coloring matter, other) exported from the Netherlands surged to 16K tons, jumping by 60% on the previous year's figure. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) soared to $20M in 2022. In general, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 43%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Export of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the Netherlands (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
France6.310.68.210.819.7%
Belgium1.61.41.62.820.5%
Germany0.80.71.12.444.2%
Spain0.10.10.10.8100.0%
Italy0.51.01.10.50.0%
Czech Republic0.30.20.20.410.1%
Others1.31.51.41.913.5%
Total10.815.513.719.521.8%

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

  1. France (9.2K tons)
  2. Belgium (2.5K tons)
  3. Germany (1.3K tons)
  4. Spain (0.8K tons)
  5. Italy (0.5K tons)
  6. Czech Republic (0.2K tons)

Source: IndexBox Market Intelligence Platform

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