Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Denmark - 2023
Contents:
- Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Denmark (FOB) - 2023
- Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Denmark (CIF) - 2023
- Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Denmark
- Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Denmark
Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Denmark (FOB) - 2023
In October 2023, the average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $1,046 per ton, with an increase of 9.4% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +4.4%. The growth pace was the most rapid in November 2022 when the average export price increased by 11% m-o-m. Over the period under review, the average export prices attained the peak figure in October 2023.
Average prices varied somewhat for the major export markets. In October 2023, the highest price was recorded for prices to Iceland ($1,105 per ton) and Latvia ($1,102 per ton), while the average price for exports to Israel ($814 per ton) and Greece ($841 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 Ireland (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Denmark (CIF) - 2023
The average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $1,026 per ton in October 2023, declining by -12.9% against the previous month. In general, import price indicated a slight expansion from October 2022 to October 2023: its price increased at an average monthly rate of +1.5% 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 white sugar (containing >= 99,5% sucrose) and chemically pure sucrose decreased by -12.9% against September 2023 indices. The pace of growth appeared the most rapid in January 2023 an increase of 52% m-o-m. The import price peaked at $1,332 per ton in May 2023; however, from June 2023 to October 2023, import prices remained at a 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 Belgium ($1,413 per ton), while the price for Sweden ($917 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 Germany (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Denmark
For the fourth year in a row, Denmark recorded growth in overseas shipments of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose, which increased by 2.7% to 204K tons in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +14.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 23% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $125M in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +19.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 46.4 | 49.3 | 61.3 | 56.6 | 6.8% |
| Sweden | 8.2 | 7.1 | 8.7 | 15.4 | 23.4% |
| Greece | 3.1 | 11.8 | 13.0 | 15.2 | 69.9% |
| Ireland | 2.6 | 4.8 | 9.3 | 9.1 | 51.8% |
| Latvia | 0.8 | 0.6 | 1.1 | 8.2 | 117.2% |
| Estonia | 1.0 | 0.2 | 0.7 | 7.4 | 94.9% |
| Finland | 2.3 | 3.0 | 7.2 | 3.6 | 16.1% |
| Italy | N/A | N/A | 5.1 | 3.1 | -39.2% |
| Iceland | 1.9 | 2.1 | 2.3 | 2.2 | 5.0% |
| Others | 6.5 | 9.1 | 4.5 | 3.9 | -15.7% |
| Total | 72.8 | 88.2 | 113 | 125 | 19.7% |
Top Export Markets for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose from Denmark in 2022:
- Norway (81.9K tons)
- Greece (32.1K tons)
- Sweden (22.4K tons)
- Ireland (20.1K tons)
- Latvia (14.9K tons)
- Estonia (12.9K tons)
- Italy (6.7K tons)
- Finland (5.5K tons)
- Iceland (3.4K tons)
Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Denmark
In 2022, the amount of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose imported into Denmark rose rapidly to 40K tons, growing by 14% on 2021. The total import volume increased at an average annual rate of +1.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 15%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose expanded significantly to $30M in 2022. The total import value increased at an average annual rate of +2.4% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 5.4 | 4.5 | 5.5 | 6.8 | 8.0% |
| Sweden | 9.9 | 7.0 | 5.2 | 6.7 | -12.2% |
| Poland | 1.9 | 3.6 | 3.4 | 5.1 | 39.0% |
| Netherlands | 2.4 | 1.4 | 3.7 | 3.0 | 7.7% |
| Belgium | 1.0 | 1.5 | 1.5 | 1.3 | 9.1% |
| Brazil | 1.3 | 1.2 | 1.0 | 1.2 | -2.6% |
| Lithuania | 2.2 | 2.0 | 2.1 | 1.2 | -18.3% |
| France | 0.1 | 0.4 | 1.5 | 1.0 | 115.4% |
| Others | 3.9 | 2.3 | 2.7 | 3.9 | 0.0% |
| Total | 28.1 | 23.8 | 26.6 | 30.2 | 2.4% |
Top Suppliers of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose to Denmark in 2022:
- Germany (10.4K tons)
- Sweden (9.1K tons)
- Poland (9.0K tons)
- Netherlands (4.0K tons)
- France (1.7K tons)
- Brazil (1.3K tons)
- Lithuania (1.1K tons)
- Belgium (1.1K tons)
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