Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Ireland - 2023
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Ireland (CIF) - 2022
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Ireland (FOB) - 2022
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Ireland
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Ireland
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Ireland (CIF) - 2022
In 2022, the average import price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $2,744 per ton, leveling off at the previous year. In general, the import price showed a moderate increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 87%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($5,944 per ton), while the price for the Czech Republic ($889 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+9.3%), 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 Ireland (FOB) - 2022
The average export price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $2,091 per ton in 2022, declining by -58.4% against the previous year. Over the period under review, the export price recorded a perceptible downturn. The most prominent rate of growth was recorded in 2020 an increase of 73% against the previous year. The export price peaked at $5,023 per ton in 2021, and then declined remarkably in the following year.
As there is only one major export destination, the average price level is determined by prices for the UK.
From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +8.7% per year.
Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Ireland
For the third consecutive year, Ireland recorded decline in supplies from abroad of refined cane or beet sugar (with added flavoring or coloring matter), which decreased by 0% to 133 tons in 2022. Over the period under review, imports recorded a precipitous descent. The smallest decline of -70.5% was in 2020.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) totaled $366K in 2022. Overall, imports showed a abrupt contraction. The smallest decline of -45% was in 2020.
Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Ireland (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 534 | 271 | N/A | 252 | -22.1% |
India | 0.9 | N/A | N/A | 29.8 | 221.1% |
Poland | 10.9 | 14.7 | N/A | 28.1 | 37.1% |
Belgium | N/A | N/A | N/A | 25.7 | 0% |
France | N/A | N/A | N/A | 12.4 | 0% |
United States | 3.9 | 1.6 | N/A | 5.4 | 11.5% |
Czech Republic | N/A | N/A | N/A | 5.1 | 0% |
Others | 23.2 | 27.6 | N/A | 6.9 | -33.2% |
Total | 573 | 315 | N/A | 366 | -13.9% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to Ireland in 2022:
- United Kingdom (76.9 tons)
- Belgium (27.9 tons)
- India (11.0 tons)
- Czech Republic (5.8 tons)
- Poland (4.8 tons)
- United States (3.7 tons)
- France (2.1 tons)
Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Ireland
After two years of decline, overseas shipments of refined cane or beet sugar (with added flavoring or coloring matter) increased by 1,300% to 88 tons in 2022. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) surged to $184K in 2022. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Ireland (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 54.9 | 56.2 | N/A | 181 | 48.8% |
United Arab Emirates | N/A | N/A | 31.5 | N/A | 0% |
Others | 0.5 | 0.2 | N/A | 2.9 | 79.7% |
Total | 55.4 | 56.4 | 31.5 | 184 | 49.2% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from Ireland in 2022:
- United Kingdom (87.3 tons)
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