Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Turkey - 2023
Contents:
- Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Turkey (CIF) - 2022
- Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Turkey (FOB) - 2023
- Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Turkey
- Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Turkey
Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Turkey (CIF) - 2022
The average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $704 per ton in 2022, jumping by 54% against the previous year. Overall, the import price, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 64%. Over the period under review, average import prices attained the peak figure at $1,101 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Morocco ($760 per ton) and France ($748 per ton), while the price for India ($674 per ton) and Brazil ($689 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+8.5%), 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 Turkey (FOB) - 2023
In December 2023, the average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $743 per ton, growing by 3.1% against the previous month. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in June 2023 when the average export price increased by 21% against the previous month. The export price peaked at $755 per ton in October 2023; however, from November 2023 to December 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In December 2023, the highest price was recorded for prices to Iraq ($791 per ton) and Ukraine ($734 per ton), while the average price for exports to Lebanon ($699 per ton) and Syrian Arab Republic ($733 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+1.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Turkey
In 2022, overseas purchases of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose were finally on the rise to reach 633K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports continue to indicate significant growth. As a result, imports reached 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 $445M in 2022. In general, imports continue to indicate significant growth. 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 Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 27.2 | 33.4 | 24.8 | 144 | 74.3% |
| India | 1.9 | 1.6 | N/A | 73.8 | 238.7% |
| Saudi Arabia | 0.2 | 0.1 | 0.1 | 66.1 | 591.4% |
| United Arab Emirates | 0.4 | 11.1 | N/A | 53.0 | 409.8% |
| Thailand | N/A | N/A | N/A | 44.6 | 0% |
| Egypt | 1.7 | 2.7 | 0.6 | 34.9 | 173.8% |
| France | 2.0 | 1.1 | 1.2 | 12.0 | 81.7% |
| Poland | 2.0 | 3.7 | 0.5 | 5.4 | 39.2% |
| Mexico | 5.3 | 2.7 | N/A | 5.1 | -1.3% |
| Algeria | 17.7 | 28.8 | 15.1 | 4.8 | -35.3% |
| Morocco | 4.9 | 7.5 | N/A | 0.2 | -65.6% |
| Ukraine | 4.4 | 9.6 | N/A | N/A | 118.2% |
| Others | 2.7 | 5.7 | 1.6 | 1.7 | -14.3% |
| Total | 70.5 | 108 | 43.8 | 445 | 84.8% |
Top Suppliers of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose to Turkey in 2022:
- Brazil (208.8K tons)
- India (109.6K tons)
- Saudi Arabia (89.0K tons)
- United Arab Emirates (73.4K tons)
- Thailand (61.4K tons)
- Egypt (48.3K tons)
- France (16.1K tons)
- Algeria (8.4K tons)
- Mexico (8.2K tons)
- Poland (7.5K tons)
- Morocco (0.3K tons)
Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Turkey
In 2022, approx. 46K tons of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose were exported from Turkey; which is down by -86.2% compared with the previous year. Overall, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by 501%. As a result, the exports reached the peak of 336K tons, and then reduced notably in the following year.
In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose dropped notably to $28M in 2022. Over the period under review, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 542% against the previous year. As a result, the exports attained the peak of $151M, and then fell remarkably in the following year.
| Export of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Syrian Arab Republic | N/A | N/A | N/A | 15.7 | 0% |
| Iraq | 15.4 | 3.3 | 92.4 | 5.4 | -29.5% |
| Azerbaijan | 0.2 | 7.8 | 16.4 | 1.6 | 100.0% |
| Lebanon | 0.4 | 1.9 | 1.2 | 1.4 | 51.8% |
| Ukraine | N/A | N/A | N/A | 0.8 | 0% |
| Georgia | 0.1 | 0.5 | 30.7 | N/A | 1652.1% |
| Israel | 2.7 | N/A | N/A | N/A | 0% |
| Others | 4.7 | 10.0 | 10.1 | 3.2 | -12.0% |
| Total | 23.6 | 23.5 | 151 | 28.1 | 6.0% |
Top Export Markets for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose from Turkey in 2022:
- Syrian Arab Republic (25.1K tons)
- Iraq (11.2K tons)
- Azerbaijan (2.9K tons)
- Lebanon (1.8K tons)
- Ukraine (1.1K tons)
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