Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Germany - 2023
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Germany (CIF) - 2023
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Germany (FOB) - 2023
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Germany
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Germany
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Germany (CIF) - 2023
The average import price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $7,536 per ton in October 2023, growing by 218% against the previous month. Over the period under review, the import price saw a strong expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was China ($33,306 per ton), while the price for Iran ($851 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 China (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Germany (FOB) - 2023
The average export price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $5,956 per ton in October 2023, rising by 53% against the previous month. In general, export price indicated prominent growth from October 2022 to October 2023: its price increased at an average monthly rate of +6.0% 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, export price for refined cane or beet sugar (with added flavoring or coloring matter) increased by +81.2% against June 2023 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($7,050 per ton), while the average price for exports to North Macedonia ($3,274 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+22.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Germany
In 2022, the amount of refined cane or beet sugar (with added flavoring or coloring matter) imported into Germany totaled 10K tons, standing approx. at the year before. In general, imports, however, continue to indicate a perceptible downturn. The pace of growth was the most pronounced in 2020 when imports increased by 1.2% against the previous year. As a result, imports reached the peak of 11K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) expanded slightly to $17M in 2022. The total import value increased at an average annual rate of +3.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 22%. As a result, imports attained the peak of $19M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 8.1 | 7.0 | 7.6 | 6.7 | -6.1% |
| Belgium | 4.8 | 5.6 | 5.4 | 5.8 | 6.5% |
| Poland | 0.1 | 3.5 | 2.1 | 2.5 | 192.4% |
| Netherlands | 0.3 | 0.4 | 0.3 | 0.4 | 10.1% |
| France | 0.7 | 0.8 | 0.3 | 0.3 | -24.6% |
| Others | 1.1 | 1.3 | 1.0 | 1.3 | 5.7% |
| Total | 15.2 | 18.6 | 16.6 | 17.0 | 3.8% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to Germany in 2022:
- Austria (4.8K tons)
- Belgium (2.5K tons)
- Poland (1.9K tons)
- Netherlands (0.2K tons)
- France (0.1K tons)
Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Germany
In 2022, shipments abroad of refined cane or beet sugar (with added flavoring or coloring matter) decreased by -14.2% to 5K tons, falling for the second year in a row after two years of growth. Overall, exports faced a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 12%. As a result, the exports reached the peak of 8K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) contracted markedly to $15M in 2022. Over the period under review, exports showed a abrupt slump. The growth pace was the most rapid in 2020 when exports increased by 20%. As a result, the exports attained the peak of $22M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 4.2 | 4.0 | 2.8 | 3.5 | -5.9% |
| Switzerland | 2.1 | 2.8 | 2.7 | 2.1 | 0.0% |
| France | 1.7 | 3.1 | 3.9 | 2.0 | 5.6% |
| Austria | 3.8 | 2.9 | 2.5 | 2.0 | -19.3% |
| Netherlands | 1.1 | 1.3 | 1.4 | 1.3 | 5.7% |
| Poland | 0.5 | 0.7 | 0.7 | 0.7 | 11.9% |
| Romania | 0.6 | 1.3 | 1.0 | 0.5 | -5.9% |
| Hungary | 0.5 | 0.8 | 0.5 | 0.5 | 0.0% |
| Italy | 0.5 | 0.5 | 0.6 | 0.4 | -7.2% |
| Denmark | 0.4 | 0.4 | 0.5 | 0.4 | 0.0% |
| Spain | 0.3 | 0.5 | 0.5 | 0.4 | 10.1% |
| Democratic Republic of the Congo | 0.1 | 0.3 | 0.3 | 0.3 | 44.2% |
| Croatia | 0.1 | 0.3 | 0.2 | 0.3 | 44.2% |
| Others | 2.6 | 3.0 | 1.6 | 1.1 | -24.9% |
| Total | 18.4 | 21.9 | 19.3 | 15.2 | -6.2% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from Germany in 2022:
- Belgium (1537.8 tons)
- Austria (532.2 tons)
- Poland (484.6 tons)
- Netherlands (463.5 tons)
- Switzerland (318.6 tons)
- France (284.0 tons)
- Hungary (279.3 tons)
- Spain (196.5 tons)
- Denmark (153.6 tons)
- Italy (135.5 tons)
- Croatia (119.3 tons)
- Democratic Republic of the Congo (104.1 tons)
- Romania (98.9 tons)
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