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

Contents:

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

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

In October 2023, the average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $1,013 per ton, shrinking by -2.8% against the previous month. Overall, the import price, however, posted measured growth. The most prominent rate of growth was recorded in January 2023 an increase of 702% against the previous month. As a result, import price attained the peak level of $2,465 per ton. From February 2023 to October 2023, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In October 2023, the highest price was recorded for prices from France ($1,221 per ton) and the Netherlands ($1,070 per ton), while the price for Denmark ($833 per ton) and Germany ($864 per ton) were amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by France (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In October 2023, the average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $1,286 per ton, remaining constant against the previous month. Over the period under review, export price indicated a moderate expansion from October 2022 to October 2023: its price increased at an average monthly rate of +4.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose decreased by -0.2% against August 2023 indices. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 20% m-o-m. The export price peaked at $1,289 per ton in August 2023; afterwards, it flattened through to October 2023.

As there is only one major export destination, the average price level is determined by prices for the UK.

From October 2022 to October 2023, the rate of growth in terms of prices for the UK amounted to +4.0% per month.

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

In 2022, purchases abroad of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose decreased by 0% to 152K tons, falling for the second year in a row after two years of growth. Overall, imports posted a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of 19% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $75M in 2022. Over the period under review, imports showed buoyant growth. The pace of growth was the most pronounced in 2020 when imports increased by 31% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

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

1. France (60.4K tons)
2. Netherlands (29.4K tons)
3. Germany (18.9K tons)
4. Denmark (15.0K tons)
5. United Kingdom (13.5K tons)
6. Belgium (11.1K tons)
7. Finland (3.2K tons)

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

In 2022, after two years of decline, there was significant growth in shipments abroad of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose, when their volume increased by 327% to 2.4K tons. In general, exports, however, saw a precipitous setback.

In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose fell sharply to $2.4M in 2022. Overall, exports, however, recorded a abrupt shrinkage. The smallest decline of -2.4% was in 2021.

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

1. United Kingdom (2.4K tons)

Source: IndexBox Market Intelligence Platform