Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Italy - 2023
Contents:
- Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Italy (FOB) - 2023
- Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Italy (CIF) - 2023
- Exports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Italy
- Imports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Italy
Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Italy (FOB) - 2023
The average export price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa stood at $6,796 per ton in October 2023, surging by 20% against the previous month. Over the last twelve months, it increased at an average monthly rate of +4.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was Switzerland ($12,876 per ton), while the average price for exports to Georgia ($3,718 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 Switzerland (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Italy (CIF) - 2023
In October 2023, the average import price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa amounted to $7,119 per ton, surging by 46% against the previous month. Over the period under review, import price indicated a resilient expansion from October 2022 to October 2023: its price increased at an average monthly rate of +5.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa increased by +55.1% against June 2023 indices. 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 Switzerland ($16,916 per ton), while the price for Ukraine ($2,912 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 Switzerland (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Italy
In 2022, approx. 70K tons of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa were exported from Italy; picking up by 21% on the previous year's figure. In general, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +12.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 33%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa expanded sharply to $286M in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +13.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 31%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 20.4 | 28.0 | 34.9 | 46.9 | 32.0% |
| Netherlands | 10.7 | 17.1 | 30.4 | 31.6 | 43.5% |
| United States | 17.8 | 15.5 | 24.2 | 28.0 | 16.3% |
| France | 21.8 | 18.1 | 19.5 | 21.8 | 0.0% |
| Belgium | 12.8 | 11.7 | 13.0 | 18.6 | 13.3% |
| Poland | 6.9 | 6.7 | 12.9 | 15.4 | 30.7% |
| United Kingdom | 13.3 | 12.7 | 17.4 | 13.4 | 0.3% |
| Spain | 13.9 | 10.4 | 10.9 | 12.1 | -4.5% |
| Sweden | 9.8 | 6.5 | 6.8 | 9.4 | -1.4% |
| Russia | 5.2 | 7.2 | 9.0 | 8.6 | 18.3% |
| South Korea | 2.5 | 2.8 | 4.8 | 7.0 | 40.9% |
| Australia | 3.6 | 4.7 | 4.3 | 5.8 | 17.2% |
| Austria | 4.7 | 3.8 | 4.9 | 5.1 | 2.8% |
| Others | 54.2 | 48.9 | 61.0 | 62.5 | 4.9% |
| Total | 198 | 194 | 254 | 286 | 13.0% |
Top Export Markets for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa from Italy in 2022:
- Germany (11.2K tons)
- Netherlands (8.7K tons)
- United States (6.6K tons)
- Belgium (5.2K tons)
- France (4.8K tons)
- Poland (4.1K tons)
- Spain (3.4K tons)
- Sweden (2.6K tons)
- United Kingdom (2.6K tons)
- Russia (2.6K tons)
- Austria (1.4K tons)
- South Korea (1.2K tons)
- Australia (1.1K tons)
Imports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Italy
In 2022, imports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa into Italy soared to 54K tons, increasing by 22% compared with 2021 figures. The total import volume increased at an average annual rate of +7.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa surged to $194M in 2022. The total import value increased at an average annual rate of +6.8% 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 2021 with an increase of 23%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.
| Import of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 39.5 | 37.9 | 43.3 | 45.7 | 5.0% |
| Spain | 27.0 | 17.2 | 26.4 | 35.5 | 9.6% |
| Belgium | 22.6 | 17.5 | 21.8 | 23.7 | 1.6% |
| France | 14.3 | 13.2 | 16.5 | 18.1 | 8.2% |
| Netherlands | 9.0 | 8.3 | 10.7 | 14.8 | 18.0% |
| Poland | 11.4 | 10.4 | 11.3 | 12.7 | 3.7% |
| Austria | 8.1 | 9.1 | 9.4 | 11.1 | 11.1% |
| India | 0.4 | 1.3 | 2.1 | 3.8 | 111.8% |
| Others | 27.1 | 21.0 | 25.2 | 28.7 | 1.9% |
| Total | 159 | 136 | 167 | 194 | 6.9% |
Top Suppliers of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa to Italy in 2022:
- Germany (14.2K tons)
- Spain (10.2K tons)
- Belgium (6.8K tons)
- France (5.5K tons)
- Netherlands (4.2K tons)
- Austria (4.2K tons)
- Poland (2.4K tons)
- India (0.9K tons)
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