Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Ireland - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Ireland (CIF) - 2023
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Ireland (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Ireland
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Ireland
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Ireland (CIF) - 2023
In October 2023, the average import price for raw cane sugar (without flavoring or coloring matter, other) amounted to $1,217 per ton, which is down by -3.7% against the previous month. Overall, import price indicated a tangible expansion from October 2022 to October 2023: its price increased at an average monthly rate of +2.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for raw cane sugar (without flavoring or coloring matter, other) increased by +1.5% against July 2023 indices. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 41% m-o-m. As a result, import price attained the peak level of $1,728 per ton. From May 2023 to October 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Denmark ($1,984 per ton), while the price for Colombia ($962 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Ireland (FOB) - 2022
The average export price for raw cane sugar (without flavoring or coloring matter, other) stood at $1,408 per ton in 2022, almost unchanged from the previous year. In general, the export price saw a abrupt setback. The growth pace was the most rapid in 2017 when the average export price increased by 3%. The export price peaked at $4,058 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the UK.
From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to -1.8% per year.
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Ireland
In 2022, imports of raw cane sugar (without flavoring or coloring matter, other) into Ireland stood at 1.5K tons, remaining relatively unchanged against 2021 figures. In general, imports saw a abrupt contraction. The smallest decline of -13.4% was in 2020.
In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) totaled $1.4M in 2022. Overall, imports showed a deep reduction. The smallest decline of -40.5% was in 2020.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | N/A | 429 | N/A | 1,107 | 60.6% |
| Mauritius | 719 | 4.0 | N/A | 149 | -40.8% |
| United Kingdom | 539 | 420 | N/A | 102 | -42.6% |
| Colombia | 353 | 144 | N/A | 18.0 | -62.9% |
| El Salvador | 72.9 | 491 | N/A | N/A | 573.5% |
| Others | 980 | 95.7 | N/A | 51.9 | -62.4% |
| Total | 2,664 | 1,584 | N/A | 1,428 | -18.8% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to Ireland in 2022:
- Czech Republic (1291.0 tons)
- Mauritius (117.5 tons)
- United Kingdom (47.5 tons)
- Colombia (24.0 tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Ireland
In 2022, exports of raw cane sugar (without flavoring or coloring matter, other) from Ireland totaled 148 tons, approximately equating the year before. Over the period under review, exports recorded a significant decline. The smallest decline of -92.8% was in 2020.
In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) totaled $208K in 2022. Overall, exports recorded a precipitous shrinkage. The smallest decline of -92.7% was in 2020.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 1,769 | 129 | N/A | 206 | -51.2% |
| Others | N/A | N/A | N/A | 1.8 | 0% |
| Total | 1,769 | 129 | N/A | 208 | -51.0% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from Ireland in 2022:
- United Kingdom (146.8 tons)
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