Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Spain - 2023

Contents:

1. Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Spain (FOB) - 2023
2. Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Spain (CIF) - 2023
3. Exports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Spain
4. Imports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Spain

Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Spain (FOB) - 2023

In October 2023, the average export price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa amounted to $4,259 per ton, dropping by -3.9% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.7%. The growth pace was the most rapid in January 2023 an increase of 12% m-o-m. Over the period under review, the average export prices reached the peak figure at $4,432 per ton in September 2023, and then shrank slightly in the following month.

There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was the Netherlands ($5,201 per ton), while the average price for exports to Jordan ($3,349 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 Italy (+3.7%), 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 Spain (CIF) - 2023

In October 2023, the average import price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa amounted to $5,040 per ton, picking up by 1.7% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.9%. The growth pace was the most rapid in December 2022 when the average import price increased by 17% month-to-month. Over the period under review, average import prices attained the peak figure at $5,400 per ton in July 2023; however, from August 2023 to October 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Poland ($7,245 per ton), while the price for the Czech Republic ($2,267 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 the Netherlands (+5.0%), 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 Spain

Exports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa from Spain expanded rapidly to 252K tons in 2022, with an increase of 15% compared with the year before. The total export volume increased at an average annual rate of +7.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa stood at $785M in 2022. The total export value increased at an average annual rate of +10.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 25%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

Top Export Markets for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa from Spain in 2022:

1. United States (54.8K tons)
2. France (30.8K tons)
3. Germany (24.7K tons)
4. United Kingdom (22.4K tons)
5. Portugal (12.2K tons)
6. Italy (10.8K tons)
7. Canada (9.2K tons)
8. Poland (8.3K tons)
9. Israel (8.2K tons)
10. Netherlands (8.1K tons)
11. Sweden (5.4K tons)
12. Belgium (4.9K tons)
13. Jordan (4.1K tons)

Imports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Spain

In 2022, imports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa into Spain rose markedly to 43K tons, increasing by 14% against the year before. The total import volume increased at an average annual rate of +2.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 21%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa soared to $166M in 2022. The total import value increased at an average annual rate of +5.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa to Spain in 2022:

1. Germany (9.1K tons)
2. France (5.9K tons)
3. Belgium (5.9K tons)
4. Netherlands (4.7K tons)
5. Italy (3.5K tons)
6. Poland (3.5K tons)
7. Turkey (2.4K tons)
8. United Kingdom (0.2K tons)

Source: IndexBox Market Intelligence Platform