Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Luxembourg - 2023
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Luxembourg (CIF) - 2022
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Luxembourg (FOB) - 2022
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Luxembourg
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Luxembourg
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Luxembourg (CIF) - 2022
In 2022, the average import price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $6,508 per ton, falling by -20.1% against the previous year. Overall, the import price recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2013 when the average import price increased by 39%. As a result, import price attained the peak level of $11,724 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($8,155 per ton), while the price for Belgium ($4,384 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Luxembourg (FOB) - 2022
The average export price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $3,643 per ton in 2022, reducing by -9.5% against the previous year. In general, the export price showed a noticeable contraction. The pace of growth appeared the most rapid in 2017 an increase of 13% against the previous year. Over the period under review, the average export prices hit record highs at $5,000 per ton in 2019; however, from 2020 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 Azerbaijan ($10,711 per ton), while the average price for exports to France ($2,948 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 Azerbaijan (+4.0%), while the prices for the other major destinations experienced a decline.
Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Luxembourg
In 2022, approx. 53 tons of refined cane or beet sugar (with added flavoring or coloring matter) were imported into Luxembourg; growing by 8.4% against 2021. The total import volume increased at an average annual rate of +10.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 24%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) declined to $344K in 2022. The total import value increased at an average annual rate of +3.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 41%. As a result, imports reached the peak of $438K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 187 | 293 | 241 | 210 | 3.9% |
| Belgium | 60.4 | 62.7 | 67.9 | 52.0 | -4.9% |
| France | 33.7 | 50.5 | 64.8 | 49.9 | 14.0% |
| Hungary | 13.5 | 11.3 | 7.5 | 19.0 | 12.1% |
| Brazil | 1.2 | 7.1 | 4.7 | 3.4 | 41.5% |
| Others | 16.3 | 13.4 | 11.8 | 10.0 | -15.0% |
| Total | 312 | 438 | 397 | 344 | 3.3% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to Luxembourg in 2022:
- Germany (25.7 tons)
- Belgium (11.9 tons)
- France (11.2 tons)
- Hungary (2.6 tons)
- Brazil (0.6 tons)
Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Luxembourg
In 2022, approx. 3.5 tons of refined cane or beet sugar (with added flavoring or coloring matter) were exported from Luxembourg; jumping by 46% compared with 2021 figures. In general, exports posted significant growth. The growth pace was the most rapid in 2021 with an increase of 51% against the previous year. Over the period under review, the exports of hit record highs in 2022 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) skyrocketed to $13K in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.4% 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 +61.0% against 2020 indices. As a result, the exports attained 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 Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 4.9 | 4.8 | 5.5 | 7.0 | 12.6% |
| France | 2.9 | 1.3 | 2.9 | 4.5 | 15.8% |
| Germany | 0.4 | 1.0 | 1.3 | 1.1 | 40.1% |
| Azerbaijan | 0.3 | 0.8 | 0.1 | 0.4 | 10.1% |
| Others | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Total | 8.6 | 8.0 | 9.8 | 12.9 | 14.5% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from Luxembourg in 2022:
- Belgium (1762.0 kg)
- France (1525.0 kg)
- Germany (223.0 kg)
- Azerbaijan (38.0 kg)
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