Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Portugal - 2023
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Portugal (CIF) - 2022
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Portugal (FOB) - 2022
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Portugal
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Portugal
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Portugal (CIF) - 2022
In 2022, the average import price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $1,367 per ton, dropping by -51.3% against the previous year. Over the period under review, the import price saw a abrupt setback. The growth pace was the most rapid in 2019 an increase of 92%. The import price peaked at $3,849 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 France ($5,160 per ton), while the price for Mauritius ($651 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.8%), 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 Portugal (FOB) - 2022
In 2022, the average export price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $4,620 per ton, reducing by -9.4% against the previous year. Over the period under review, the export price recorded a slight decrease. The pace of growth appeared the most rapid in 2013 an increase of 84% against the previous year. As a result, the export price attained the peak level of $9,528 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Cabo Verde ($7,984 per ton), while the average price for exports to Luxembourg ($1,078 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 Cabo Verde (+8.5%), 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 Portugal
In 2022, imports of refined cane or beet sugar (with added flavoring or coloring matter) into Portugal skyrocketed to 424 tons, increasing by 102% compared with the previous year. In general, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) fell modestly to $579K in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +7.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -24.7% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 63%. As a result, imports attained the peak of $769K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mauritius | 47.9 | 97.7 | 59.0 | 208 | 63.1% |
| France | 246 | 433 | 313 | 175 | -10.7% |
| Spain | 62.7 | 50.4 | 61.5 | 59.1 | -2.0% |
| Germany | 55.3 | 94.7 | 48.1 | 48.0 | -4.6% |
| Malawi | N/A | N/A | 29.3 | 25.0 | -14.7% |
| Netherlands | 3.5 | 8.6 | 4.2 | 24.4 | 91.0% |
| Colombia | N/A | N/A | 26.2 | N/A | 0% |
| Others | 57.0 | 84.7 | 47.0 | 39.3 | -11.7% |
| Total | 472 | 769 | 588 | 579 | 7.0% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to Portugal in 2022:
- Mauritius (320.0 tons)
- France (34.0 tons)
- Spain (31.2 tons)
- Germany (16.3 tons)
- Malawi (10.8 tons)
- Netherlands (7.4 tons)
Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Portugal
Exports of refined cane or beet sugar (with added flavoring or coloring matter) from Portugal shrank modestly to 48 tons in 2022, which is down by -1.8% against the previous year. In general, exports continue to indicate a abrupt slump. The smallest decline of -0.8% was in 2020.
In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) shrank to $223K in 2022. Overall, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 63% against the previous year. As a result, the exports attained the peak of $434K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 247 | 413 | 223 | 170 | -11.7% |
| Cabo Verde | 4.1 | 5.9 | 6.0 | 19.3 | 67.6% |
| Luxembourg | 2.3 | 5.7 | 12.7 | 14.9 | 86.4% |
| Angola | 1.5 | 3.1 | 3.9 | 13.0 | 105.4% |
| France | 7.5 | 0.8 | 1.6 | 0.6 | -56.9% |
| Others | 3.7 | 5.8 | 2.4 | 4.9 | 9.8% |
| Total | 266 | 434 | 250 | 223 | -5.7% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from Portugal in 2022:
- Spain (27.6 tons)
- Luxembourg (13.8 tons)
- Angola (2.8 tons)
- Cabo Verde (2.4 tons)
- France (0.2 tons)
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