Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Italy - 2023
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Italy (FOB) - 2023
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Italy (CIF) - 2023
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Italy
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Italy
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Italy (FOB) - 2023
In October 2023, the average export price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $8,773 per ton, surging by 91% against the previous month. Overall, the export price saw a strong expansion. The pace of growth appeared the most rapid in May 2023 when the average export price increased by 132% against the previous month. As a result, the export price attained the peak level of $9,949 per ton. From June 2023 to October 2023, the the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In October 2023, the country with the highest price was Saudi Arabia ($9,784 per ton), while the average price for exports to the United Arab Emirates amounted to $8,125 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Italy (CIF) - 2023
The average import price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $2,539 per ton in October 2023, declining by -60.6% against the previous month. In general, the import price showed a abrupt slump. The pace of growth appeared the most rapid in August 2023 when the average import price increased by 195% month-to-month. As a result, import price attained the peak level of $14,401 per ton. From September 2023 to October 2023, the average 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 the United States ($2,560 per ton), while the price for the UK amounted to $2,411 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Spain (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Italy
Exports of refined cane or beet sugar (with added flavoring or coloring matter) from Italy soared to 771 tons in 2022, increasing by 111% on the previous year's figure. Overall, exports continue to indicate a significant increase. As a result, the exports reached 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 $2.1M in 2022. Over the period under review, exports showed significant growth. 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 Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 348 | 314 | 544 | 638 | 22.4% |
| Cyprus | 24.3 | 0.8 | 2.0 | 365 | 146.7% |
| Spain | 321 | 189 | 315 | 365 | 4.4% |
| Germany | 58.9 | 51.7 | 57.2 | 207 | 52.0% |
| Austria | 90.5 | 68.9 | 87.1 | 99.2 | 3.1% |
| Greece | 87.7 | 51.8 | 87.9 | 52.8 | -15.6% |
| Latvia | 27.3 | 39.0 | 55.0 | 48.4 | 21.0% |
| United Arab Emirates | 16.4 | 1.3 | 36.3 | 47.9 | 42.9% |
| Switzerland | 1.9 | 117 | N/A | 45.4 | 188.0% |
| Kuwait | N/A | 1.9 | 25.1 | 23.7 | 253.2% |
| Libya | N/A | N/A | N/A | 22.9 | 0% |
| Others | 173 | 162 | 182 | 205 | 5.8% |
| Total | 1,149 | 997 | 1,391 | 2,121 | 22.7% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from Italy in 2022:
- Cyprus (247.6 tons)
- Romania (177.8 tons)
- United Arab Emirates (54.8 tons)
- Spain (52.7 tons)
- Switzerland (41.7 tons)
- Germany (41.0 tons)
- Kuwait (25.4 tons)
- Greece (24.3 tons)
- Libya (18.0 tons)
- Latvia (14.5 tons)
- Austria (14.3 tons)
Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Italy
In 2022, imports of refined cane or beet sugar (with added flavoring or coloring matter) into Italy fell dramatically to 245 tons, waning by -43.5% on 2021. Overall, imports showed a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 71%. As a result, imports attained the peak of 434 tons, and then declined rapidly in the following year.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) reduced to $828K in 2022. Over the period under review, imports showed a perceptible curtailment. The pace of growth was the most pronounced in 2021 with an increase of 26%.
| Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 573 | 493 | 619 | 451 | -7.7% |
| Belgium | 105 | 53.9 | 50.1 | 93.8 | -3.7% |
| Austria | 49.5 | 52.0 | 65.0 | 70.6 | 12.6% |
| China | N/A | N/A | N/A | 67.2 | 0% |
| Spain | 3.5 | 0.8 | 5.8 | 39.7 | 124.7% |
| India | 51.4 | 35.0 | 75.5 | 24.4 | -22.0% |
| United Kingdom | 18.8 | 7.2 | 10.6 | 9.1 | -21.5% |
| United States | 85.5 | 4.7 | N/A | N/A | -94.5% |
| Others | 54.0 | 73.7 | 84.3 | 72.5 | 10.3% |
| Total | 941 | 720 | 910 | 828 | -4.2% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to Italy in 2022:
- Germany (155.6 tons)
- China (27.9 tons)
- India (18.9 tons)
- Austria (18.2 tons)
- Spain (7.8 tons)
- Belgium (7.3 tons)
- United Kingdom (4.5 tons)
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