Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Italy - 2023
Contents:
- Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Italy (CIF) - 2023
- Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Italy (FOB) - 2023
- Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Italy
- Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Italy
Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Italy (CIF) - 2023
The average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $947 per ton in October 2023, surging by 6.3% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +3.8%. The pace of growth appeared the most rapid in January 2023 an increase of 17% against the previous month. The import price peaked in October 2023.
Average prices varied somewhat amongst the major supplying countries. In October 2023, the countries with the highest prices were Egypt ($1,087 per ton) and Serbia ($1,078 per ton), while the price for Brazil ($793 per ton) and Ukraine ($893 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 Algeria (+10.6%), 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 Italy (FOB) - 2023
The average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $2,351 per ton in October 2023, growing by 37% against the previous month. Over the period under review, export price indicated resilient growth from October 2022 to October 2023: its price increased at an average monthly rate of +7.7% over the last twelve-month period. 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 increased by +180.1% against July 2023 indices. The most prominent rate of growth was recorded in August 2023 an increase of 130% m-o-m. The export price peaked in October 2023.
There were significant differences in the average prices for the major foreign markets. In October 2023, the country with the highest price was Argentina ($9,534 per ton), while the average price for exports to Libya ($1,702 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Albania (+5.9%), 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 Italy
After two years of decline, overseas purchases of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose increased by 33% to 1.7M tons in 2022. The total import volume increased at an average annual rate of +5.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose surged to $886M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +14.9% 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 increased by +51.7% against 2019 indices. 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 Italy (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 190 | 182 | 297 | 378 | 25.8% |
France | 221 | 235 | 113 | 229 | 1.2% |
Netherlands | 47.4 | 63.4 | 72.6 | 111 | 32.8% |
Croatia | 16.4 | 14.1 | 20.1 | 30.2 | 22.6% |
Poland | 4.8 | 1.3 | 2.5 | 17.7 | 54.5% |
Mauritius | 19.6 | 15.8 | 16.9 | 5.3 | -35.3% |
United States | 0.4 | 0.5 | 1.2 | 2.4 | 81.7% |
Others | 84.4 | 102 | 78.5 | 111 | 9.6% |
Total | 584 | 614 | 602 | 886 | 14.9% |
Top Suppliers of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose to Italy in 2022:
- Germany (664.0K tons)
- France (552.1K tons)
- Netherlands (192.9K tons)
- Croatia (40.6K tons)
- Poland (30.3K tons)
- United States (26.6K tons)
- Mauritius (8.6K tons)
Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Italy
In 2022, approx. 29K tons of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose were exported from Italy; rising by 104% against the year before. Over the period under review, exports continue to indicate a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose skyrocketed to $27M in 2022. Overall, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Italy (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Greece | 3.5 | 2.5 | 0.7 | 10.7 | 45.1% |
France | 6.0 | 9.9 | 6.1 | 7.5 | 7.7% |
Austria | 1.4 | 1.6 | 1.9 | 1.8 | 8.7% |
Malta | 0.5 | 0.7 | 0.7 | 1.0 | 26.0% |
Germany | 0.8 | 0.6 | 0.8 | 1.0 | 7.7% |
Spain | 0.3 | 0.2 | 0.1 | 0.9 | 44.2% |
Czech Republic | 0.1 | 0.1 | 0.2 | 0.6 | 81.7% |
Others | 3.0 | 3.6 | 4.0 | 3.9 | 9.1% |
Total | 15.6 | 19.2 | 14.5 | 27.3 | 20.5% |
Top Export Markets for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose from Italy in 2022:
- Greece (14.6K tons)
- France (5.8K tons)
- Austria (2.9K tons)
- Malta (1.1K tons)
- Czech Republic (0.8K tons)
- Germany (0.8K tons)
- Spain (0.8K tons)
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