Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Estonia - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Estonia (CIF) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Estonia (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Estonia
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Estonia
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Estonia (CIF) - 2022
In 2022, the average import price for raw cane sugar (without flavoring or coloring matter) amounted to $1,260 per ton, falling by -76.9% against the previous year. Over the period under review, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2014 an increase of 338% against the previous year. The import price peaked at $5,447 per ton in 2021, and then dropped markedly in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($5,427 per ton), while the price for Latvia ($1,103 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+66.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Estonia (FOB) - 2022
The average export price for raw cane sugar (without flavoring or coloring matter) stood at $1,992 per ton in 2022, falling by -2.8% against the previous year. Over the period under review, the export price, however, posted a strong expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 94% against the previous year. As a result, the export price reached the peak level of $3,985 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($2,500 per ton), while the average price for exports to Latvia ($1,889 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Estonia
In 2022, imports of raw cane sugar (without flavoring or coloring matter) into Estonia soared to 22 tons, growing by 311% against the previous year's figure. Over the period under review, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of raw cane sugar (without flavoring or coloring matter) contracted to $28K in 2022. The total import value increased at an average annual rate of +1.3% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 26% against the previous year. As a result, imports reached the peak of $33K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | N/A | N/A | N/A | 11.2 | 0% |
| Latvia | N/A | N/A | N/A | 8.5 | 0% |
| Mauritius | N/A | 0.1 | 0.1 | 6.0 | 674.6% |
| Germany | 0.1 | 5.1 | 4.3 | 1.0 | 115.4% |
| Italy | 0.4 | 0.3 | 0.4 | 0.4 | 0.0% |
| Spain | 23.0 | 25.3 | 22.4 | N/A | -1.3% |
| Colombia | N/A | 0.1 | 1.1 | N/A | 1000.0% |
| United Kingdom | 2.4 | 1.9 | N/A | N/A | -20.8% |
| Others | 0.6 | 0.6 | 0.7 | 0.5 | -5.9% |
| Total | 26.6 | 33.5 | 29.1 | 27.6 | 1.2% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter) to Estonia in 2022:
- Lithuania (9.4 tons)
- Latvia (7.7 tons)
- Mauritius (4.4 tons)
- Italy (0.2 tons)
- Germany (0.2 tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Estonia
Exports of raw cane sugar (without flavoring or coloring matter) from Estonia was estimated at 5.8 tons in 2022, growing by 9.4% compared with the previous year's figure. The total export volume increased at an average annual rate of +14.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 43% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of raw cane sugar (without flavoring or coloring matter) expanded markedly to $11K in 2022. Overall, exports, however, saw a abrupt curtailment.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 6.4 | 4.5 | 6.9 | 7.6 | 5.9% |
| Latvia | 5.2 | 4.2 | 2.7 | 3.2 | -14.9% |
| Finland | 0.3 | 0.2 | 1.1 | 0.7 | 32.6% |
| Bulgaria | 2.5 | 1.6 | N/A | N/A | -36.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 14.5 | 10.6 | 10.8 | 11.5 | -7.4% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter) from Estonia in 2022:
- Lithuania (3.8 tons)
- Latvia (1.7 tons)
- Finland (0.3 tons)
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