Price for Sugars; Fructose, Chemically Pure, in Solid Form in the UK - 2024
Contents:
- Price for Sugars; Fructose, Chemically Pure, in Solid Form in the UK (CIF) - 2024
- Price for Sugars; Fructose, Chemically Pure, in Solid Form in the UK (FOB) - 2022
- Imports of Sugars; Fructose, Chemically Pure, in Solid Form in the UK
- Exports of Sugars; Fructose, Chemically Pure, in Solid Form in the UK
Price for Sugars; Fructose, Chemically Pure, in Solid Form in the UK (CIF) - 2024
The average import price for sugars; fructose, chemically pure, in solid form stood at $1,921 per ton in August 2023, remaining relatively unchanged against the previous month. Overall, the import price, however, showed a pronounced setback. The most prominent rate of growth was recorded in March 2023 an increase of 12% month-to-month. Over the period under review, average import prices reached the maximum at $2,604 per ton in January 2023; however, from February 2023 to August 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In August 2023, the highest price was recorded for prices from Israel ($2,156 per ton) and the Netherlands ($2,091 per ton), while the price for Bulgaria ($1,661 per ton) and Turkey ($1,794 per ton) were amongst the lowest.
From January 2023 to August 2023, the most notable rate of growth in terms of prices was attained by Bulgaria (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Sugars; Fructose, Chemically Pure, in Solid Form in the UK (FOB) - 2022
In 2022, the average export price for sugars; fructose, chemically pure, in solid form amounted to $2,114 per ton, with a decrease of -9.9% against the previous year. Over the period under review, the export price saw a deep downturn. The growth pace was the most rapid in 2014 when the average export price increased by 144% against the previous year. As a result, the export price reached the peak level of $5,803 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kenya ($3,607 per ton), while the average price for exports to the Netherlands ($842 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 France (+14.7%), while the prices for the other major destinations experienced a decline.
Imports of Sugars; Fructose, Chemically Pure, in Solid Form in the UK
In 2022, purchases abroad of sugars; fructose, chemically pure, in solid form increased by 17% to 8.2K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a deep setback.
In value terms, imports of sugars; fructose, chemically pure, in solid form soared to $9.6M in 2022. In general, imports, however, showed a pronounced decline.
| Import of Sugars; Fructose, Chemically Pure, in Solid Form in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 2.1 | 2.0 | 2.5 | 4.7 | 30.8% |
| Finland | 0.5 | 1.6 | 1.1 | 2.8 | 77.6% |
| Israel | 1.1 | 0.7 | 1.1 | 1.5 | 10.9% |
| Netherlands | 2.4 | 2.1 | 1.4 | 0.2 | -56.3% |
| Bulgaria | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| Ireland | 3.2 | 0.7 | N/A | 0.1 | -68.5% |
| Belgium | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Slovakia | 1.2 | 1.0 | 0.2 | N/A | -59.2% |
| France | N/A | 1.4 | N/A | N/A | 0% |
| Others | 0.1 | 1.0 | 0.2 | 0.1 | 0.0% |
| Total | 10.7 | 10.8 | 6.8 | 9.6 | -3.6% |
Top Suppliers of Sugars; Fructose, Chemically Pure, in Solid Form to the UK in 2022:
- Turkey (4473.0 tons)
- Finland (1998.4 tons)
- Israel (1120.2 tons)
- Bulgaria (205.0 tons)
- Netherlands (130.9 tons)
- Belgium (125.6 tons)
- Ireland (33.5 tons)
- Slovakia (24.0 tons)
- France (8.0 tons)
Exports of Sugars; Fructose, Chemically Pure, in Solid Form in the UK
In 2022, shipments abroad of sugars; fructose, chemically pure, in solid form decreased by -27.1% to 106 tons, falling for the second consecutive year after two years of growth. Overall, exports saw a deep setback. The pace of growth was the most pronounced in 2020 when exports increased by 58%. As a result, the exports attained the peak of 253 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of sugars; fructose, chemically pure, in solid form contracted significantly to $223K in 2022. In general, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 15%. As a result, the exports reached the peak of $413K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Sugars; Fructose, Chemically Pure, in Solid Form in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 107 | 59.3 | 52.9 | 92.6 | -4.7% |
| Kenya | 43.6 | 61.2 | 146 | 73.2 | 18.9% |
| Netherlands | 16.7 | 101 | 4.9 | 3.8 | -38.9% |
| Sweden | 9.7 | 14.3 | 7.1 | 3.4 | -29.5% |
| Poland | 7.3 | 73.8 | 80.8 | 2.5 | -30.0% |
| Belgium | 3.9 | 16.2 | 20.1 | N/A | 127.0% |
| Germany | 4.6 | 17.2 | 15.5 | N/A | 83.6% |
| Canada | 76.3 | N/A | N/A | N/A | 0% |
| Others | 90.8 | 70.0 | 13.3 | 47.8 | -19.3% |
| Total | 360 | 413 | 341 | 223 | -14.8% |
Top Export Markets for Sugars; Fructose, Chemically Pure, in Solid Form from the UK in 2022:
- Ireland (52.1 tons)
- Kenya (20.3 tons)
- Netherlands (4.6 tons)
- Sweden (2.6 tons)
- Poland (0.9 tons)
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