Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Germany - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Germany (CIF) - 2023
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Germany (FOB) - 2023
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Germany
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Germany
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Germany (CIF) - 2023
The average import price for raw cane sugar (without flavoring or coloring matter) stood at $1,952 per ton in October 2023, with an increase of 5.6% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.8%. The pace of growth was the most pronounced in November 2022 when the average import price increased by 21% month-to-month. The import price peaked at $2,025 per ton in April 2023; afterwards, it flattened through to October 2023.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the Philippines ($2,872 per ton), while the price for Ecuador ($1,735 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 Italy (+11.1%), 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 Germany (FOB) - 2023
The average export price for raw cane sugar (without flavoring or coloring matter) stood at $4,693 per ton in October 2023, surging by 44% against the previous month. Overall, export price indicated a resilient expansion from October 2022 to October 2023: its price increased at an average monthly rate of +6.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for raw cane sugar (without flavoring or coloring matter) increased by +73.2% against August 2023 indices. The pace of growth was the most pronounced in December 2022 an increase of 45% m-o-m. Over the period under review, the average export prices attained the peak figure in October 2023.
Average prices varied noticeably for the major export markets. In October 2023, the country with the highest price was Norway ($5,178 per ton), while the average price for exports to Switzerland amounted to $4,670 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+5.6%), 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 Germany
In 2022, the amount of raw cane sugar (without flavoring or coloring matter) imported into Germany shrank sharply to 2.6K tons, reducing by -29% compared with 2021 figures. In general, imports showed a deep downturn. The pace of growth was the most pronounced in 2021 when imports increased by 29% against the previous year.
In value terms, imports of raw cane sugar (without flavoring or coloring matter) fell notably to $4.5M in 2022. Overall, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 29%. As a result, imports reached the peak of $6.2M, and then fell remarkably in the following year.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Germany (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 541 | 657 | 869 | 843 | 15.9% |
| Brazil | 622 | 661 | 797 | 563 | -3.3% |
| Costa Rica | 712 | 698 | 1,320 | 523 | -9.8% |
| Paraguay | 604 | 586 | 175 | 475 | -7.7% |
| Ecuador | 137 | 35.4 | 340 | 426 | 46.0% |
| Netherlands | 888 | 702 | 921 | 373 | -25.1% |
| Colombia | 516 | 234 | 320 | 353 | -11.9% |
| Cuba | 847 | 511 | 616 | 333 | -26.7% |
| Belgium | 182 | 184 | 226 | 215 | 5.7% |
| Austria | 272 | 109 | 101 | 133 | -21.2% |
| India | 259 | 5.8 | 8.5 | 12.7 | -63.4% |
| Others | 606 | 420 | 512 | 264 | -24.2% |
| Total | 6,186 | 4,803 | 6,205 | 4,512 | -10.0% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter) to Germany in 2022:
- Costa Rica (300.6 tons)
- Brazil (300.4 tons)
- Philippines (291.0 tons)
- Cuba (284.0 tons)
- Paraguay (281.3 tons)
- Ecuador (260.2 tons)
- Netherlands (235.5 tons)
- Austria (221.0 tons)
- Colombia (201.2 tons)
- Belgium (140.8 tons)
- India (8.0 tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Germany
In 2022, the amount of raw cane sugar (without flavoring or coloring matter) exported from Germany contracted sharply to 503 tons, dropping by -29.1% on 2021 figures. Over the period under review, exports recorded a perceptible descent. The growth pace was the most rapid in 2021 with an increase of 32% against the previous year. As a result, the exports attained the peak of 709 tons, and then declined rapidly in the following year.
In value terms, exports of raw cane sugar (without flavoring or coloring matter) shrank dramatically to $1.4M in 2022. Overall, exports continue to indicate a pronounced decline. The pace of growth was the most pronounced in 2021 with an increase of 28% against the previous year. As a result, the exports reached the peak of $2.2M, and then contracted rapidly in the following year.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Germany (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 524 | 483 | 927 | 574 | 3.1% |
| Switzerland | 138 | 216 | 259 | 182 | 9.7% |
| Austria | 263 | 272 | 213 | 170 | -13.5% |
| Belgium | 111 | 129 | 109 | 76.5 | -11.7% |
| Netherlands | 55.0 | 57.1 | 123 | 69.3 | 8.0% |
| Czech Republic | 57.3 | 65.1 | 67.7 | 39.5 | -11.7% |
| Italy | 94.2 | 81.3 | 93.3 | 39.2 | -25.3% |
| Kuwait | 25.5 | 49.3 | 38.5 | 38.0 | 14.2% |
| Poland | 32.7 | 40.7 | 38.8 | 31.6 | -1.1% |
| Hungary | 56.3 | 78.5 | 92.1 | 30.6 | -18.4% |
| Denmark | 29.8 | 18.1 | 8.9 | 5.7 | -42.4% |
| Others | 247 | 212 | 207 | 171 | -11.5% |
| Total | 1,635 | 1,702 | 2,176 | 1,428 | -4.4% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter) from Germany in 2022:
- France (154.0 tons)
- Netherlands (76.8 tons)
- Austria (57.6 tons)
- Switzerland (42.9 tons)
- Belgium (19.4 tons)
- Czech Republic (15.7 tons)
- Italy (14.8 tons)
- Poland (11.0 tons)
- Hungary (10.1 tons)
- Kuwait (8.3 tons)
- Denmark (1.8 tons)
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