Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Austria - 2023

Contents:

1. Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Austria (CIF) - 2023
2. Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Austria (FOB) - 2023
3. Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Austria
4. Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Austria

Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Austria (CIF) - 2023

In October 2023, the average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $1,017 per ton, dropping by -4.7% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +4.0%. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 18% against the previous month. Over the period under review, average import prices attained the peak figure at $1,067 per ton in September 2023, and then reduced slightly in the following month.

As there is only one major supplying country, the average price level is determined by prices for Ukraine.

From October 2022 to October 2023, the rate of growth in terms of prices for the Czech Republic amounted to +6.4% per month.

Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Austria (FOB) - 2023

In October 2023, the average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $805 per ton, reducing by -9.6% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.6%. The growth pace was the most rapid in November 2022 when the average export price increased by 37% against the previous month. The export price peaked at $1,086 per ton in April 2023; however, from May 2023 to October 2023, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In October 2023, the highest price was recorded for prices to Switzerland ($812 per ton) and Albania ($787 per ton), while the average price for exports to North Macedonia ($776 per ton) and Israel ($785 per ton) were amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Austria

In 2022, overseas purchases of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose decreased by -18.8% to 202K tons, falling for the second year in a row after two years of growth. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +10.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -26.6% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 84% against the previous year. As a result, imports attained the peak of 276K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose reduced to $120M in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 90%.

Top Suppliers of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose to Austria in 2022:

1. Germany (81.4K tons)
2. Czech Republic (57.5K tons)
3. France (30.3K tons)
4. Slovakia (23.4K tons)
5. Poland (3.5K tons)
6. Hungary (0.6K tons)

Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Austria

In 2022, the amount of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose exported from Austria was estimated at 140K tons, picking up by 9.7% on the previous year's figure. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 58%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose skyrocketed to $79M in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 56% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose from Austria in 2022:

1. Romania (30.2K tons)
2. Hungary (26.8K tons)
3. Bulgaria (21.2K tons)
4. Slovenia (16.7K tons)
5. Italy (16.0K tons)
6. Czech Republic (13.4K tons)
7. Croatia (10.0K tons)

Source: IndexBox Market Intelligence Platform