Price for Sugars; Fructose, Chemically Pure, in Solid Form in Spain - 2023
Contents:
- Price for Sugars; Fructose, Chemically Pure, in Solid Form in Spain (CIF) - 2022
- Price for Sugars; Fructose, Chemically Pure, in Solid Form in Spain (FOB) - 2023
- Imports of Sugars; Fructose, Chemically Pure, in Solid Form in Spain
- Exports of Sugars; Fructose, Chemically Pure, in Solid Form in Spain
Price for Sugars; Fructose, Chemically Pure, in Solid Form in Spain (CIF) - 2022
The average import price for sugars; fructose, chemically pure, in solid form stood at $988 per ton in 2022, rising by 22% against the previous year. In general, the import price, however, showed a perceptible reduction. The import price peaked at $1,311 per ton in 2013; however, from 2014 to 2022, 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 Belgium ($1,555 per ton), while the price for Turkey ($911 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+1.8%), while the prices for the other major suppliers experienced a decline.
Price for Sugars; Fructose, Chemically Pure, in Solid Form in Spain (FOB) - 2023
The average export price for sugars; fructose, chemically pure, in solid form stood at $1,996 per ton in September 2023, which is down by -6.2% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 when the average export price increased by 21% against the previous month. As a result, the export price reached the peak level of $2,658 per ton. From May 2023 to September 2023, the the average export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In September 2023, the country with the highest price was Portugal ($2,091 per ton), while the average price for exports to France ($1,821 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Sugars; Fructose, Chemically Pure, in Solid Form in Spain
Imports of sugars; fructose, chemically pure, in solid form into Spain reduced to 7.6K tons in 2022, dropping by -9.8% on 2021 figures. In general, imports recorded a noticeable downturn. The growth pace was the most rapid in 2021 with an increase of 27% against the previous year. As a result, imports attained the peak of 8.4K tons, and then shrank in the following year.
In value terms, imports of sugars; fructose, chemically pure, in solid form expanded rapidly to $7.5M in 2022. The total import value increased at an average annual rate of +3.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 34%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.
| Import of Sugars; Fructose, Chemically Pure, in Solid Form in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 1.7 | 3.3 | 4.5 | 5.2 | 45.2% |
| Israel | 3.0 | 0.8 | 1.5 | 1.3 | -24.3% |
| Finland | 0.2 | N/A | 0.1 | 0.3 | 14.5% |
| Netherlands | 0.5 | 0.3 | 0.2 | 0.1 | -41.5% |
| Slovakia | 0.4 | 0.3 | N/A | N/A | -25.0% |
| Others | 0.7 | 0.4 | 0.5 | 0.7 | 0.0% |
| Total | 6.7 | 5.1 | 6.8 | 7.5 | 3.8% |
Top Suppliers of Sugars; Fructose, Chemically Pure, in Solid Form to Spain in 2022:
- Turkey (5.7K tons)
- Israel (1.3K tons)
- Finland (0.2K tons)
- Netherlands (0.1K tons)
Exports of Sugars; Fructose, Chemically Pure, in Solid Form in Spain
Exports of sugars; fructose, chemically pure, in solid form from Spain rose notably to 1.2K tons in 2022, growing by 15% against the year before. In general, exports recorded a mild increase. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of sugars; fructose, chemically pure, in solid form surged to $2.4M in 2022. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 68%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Sugars; Fructose, Chemically Pure, in Solid Form in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Algeria | 44.3 | 67.9 | 334 | 1,073 | 189.3% |
| Portugal | 740 | 443 | 641 | 868 | 5.5% |
| France | 99.4 | 174 | 230 | 210 | 28.3% |
| Netherlands | 173 | 74.9 | 60.7 | 89.6 | -19.7% |
| Iraq | 19.1 | 49.7 | 45.7 | 75.2 | 57.9% |
| United Kingdom | 231 | N/A | 0.4 | N/A | -95.8% |
| Others | 48.1 | 44.5 | 125 | 81.2 | 19.1% |
| Total | 1,355 | 854 | 1,437 | 2,397 | 20.9% |
Top Export Markets for Sugars; Fructose, Chemically Pure, in Solid Form from Spain in 2022:
- Portugal (689.4 tons)
- Algeria (240.3 tons)
- France (182.0 tons)
- Netherlands (48.4 tons)
- Iraq (23.1 tons)
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