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

Contents:

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

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

The average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $1,274 per ton in October 2023, jumping by 41% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +4.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Slovenia amounted to +12.3% per month.

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

The average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $870 per ton in October 2023, falling by -2% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.2%. The most prominent rate of growth was recorded in January 2023 an increase of 30% month-to-month. The import price peaked at $1,049 per ton in August 2023; however, from September 2023 to October 2023, import prices remained at a lower figure.

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 Poland amounted to +5.0% per month.

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

In 2022, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose from Slovakia expanded to 94K tons, surging by 4.9% on 2021. In general, exports, however, continue to indicate a perceptible reduction. The growth pace was the most rapid in 2021 with an increase of 43%.

In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose surged to $61M in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +8.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +91.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 49% 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 Slovakia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Hungary24.917.231.837.314.4%
Slovenia11.51.43.111.1-1.2%
Austria3.19.85.16.326.7%
Czech Republic5.92.24.04.8-6.6%
Romania1.00.72.40.6-15.7%
Others1.10.71.30.9-6.5%
Total47.432.047.761.08.8%

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

  1. Hungary (55.2K tons)
  2. Slovenia (16.2K tons)
  3. Austria (11.8K tons)
  4. Czech Republic (8.9K tons)
  5. Romania (1.2K tons)

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

In 2022, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose into Slovakia expanded rapidly to 58K tons, with an increase of 13% against the previous year's figure. Overall, imports, however, saw a perceptible descent. The pace of growth appeared the most rapid in 2021 with an increase of 22%.

In value terms, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose surged to $35M in 2022. In general, total imports indicated noticeable growth from 2019 to 2022: its value increased at an average annual rate of +4.7% 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 +58.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Import of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Slovakia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Czech Republic14.014.716.018.910.5%
Poland5.21.15.65.73.1%
Germany0.50.91.31.750.4%
Austria0.61.70.91.122.4%
UkraineN/AN/AN/A0.60%
Hungary1.41.01.30.3-40.2%
RomaniaN/A0.60.80.2-42.3%
Others8.52.02.76.3-9.5%
Total30.321.928.734.84.7%

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

  1. Czech Republic (31.2K tons)
  2. Poland (10.3K tons)
  3. Germany (1.6K tons)
  4. Austria (1.5K tons)
  5. Ukraine (0.8K tons)
  6. Romania (0.4K tons)
  7. Hungary (0.3K tons)

Source: IndexBox Market Intelligence Platform

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