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

Contents:

  1. Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Ukraine (FOB) - 2023
  2. Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Ukraine (CIF) - 2022
  3. Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Ukraine
  4. Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Ukraine

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

In November 2023, the average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $719 per ton, remaining constant against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 an increase of 47% month-to-month. As a result, the export price reached the peak level of $1,133 per ton. From August 2023 to November 2023, the the average export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In November 2023, the countries with the highest prices were Germany ($779 per ton) and Hungary ($773 per ton), while the average price for exports to Cameroon ($588 per ton) and Greece ($669 per ton) were amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+0.3%), 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 Ukraine (CIF) - 2022

In 2022, the average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $694 per ton, picking up by 28% against the previous year. Over the period under review, the import price, however, recorded a noticeable shrinkage. Over the period under review, average import prices reached the peak figure at $1,296 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Lithuania ($732 per ton), while the price for France totaled $660 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+9.9%), while the prices for the other major suppliers experienced mixed trend patterns.

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

After two years of decline, overseas shipments of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose increased by 335% to 180K tons in 2022. Over the period under review, exports, however, showed a abrupt downturn.

In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose skyrocketed to $138M in 2022. In general, exports saw buoyant growth. As a result, the exports reached 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 Ukraine (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Romania4.33.51.243.3115.9%
Poland0.82.6N/A24.6213.3%
Italy1.3N/A0.515.4128.0%
Greece0.3N/A0.110.4226.1%
HungaryN/A0.1N/A9.3864.4%
Bulgaria0.6N/A0.56.8124.6%
SloveniaN/AN/AN/A6.70%
CroatiaN/AN/AN/A6.60%
Tajikistan7.44.41.9N/A-49.3%
United Kingdom4.71.9N/AN/A-59.6%
Azerbaijan18.43.52.0N/A-67.0%
Uzbekistan4.27.40.6N/A-62.2%
Turkey2.69.21.8N/A-16.8%
Others39.626.711.315.3-27.2%
Total84.259.319.913817.9%

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

  1. Romania (60.0K tons)
  2. Poland (35.7K tons)
  3. Italy (16.3K tons)
  4. Greece (12.1K tons)
  5. Hungary (11.9K tons)
  6. Bulgaria (9.2K tons)
  7. Croatia (8.0K tons)
  8. Slovenia (6.9K tons)

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

In 2022, purchases abroad of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose decreased by -87.9% to 4.7K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 4,436% against the previous year. As a result, imports reached the peak of 39K tons, and then contracted sharply in the following year.

In value terms, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose contracted markedly to $3.2M in 2022. Over the period under review, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 2,317% against the previous year. As a result, imports reached the peak of $21M, and then contracted significantly in the following year.

Import of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Ukraine (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
France0.30.31.12.397.2%
LithuaniaN/AN/A1.60.7-56.3%
PolandN/AN/A13.7N/A0%
Denmark0.30.30.2N/A-18.4%
Others0.10.24.20.226.0%
Total0.70.920.93.266.0%

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

  1. France (3.5K tons)
  2. Lithuania (1.0K tons)

Source: IndexBox Market Intelligence Platform

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