Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Italy - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Italy (CIF) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Italy (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Italy
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Italy
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Italy (CIF) - 2022
The average import price for raw cane sugar (without flavoring or coloring matter) stood at $1,133 per ton in 2022, surging by 24% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible decline. The import price peaked at $1,513 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($2,113 per ton), while the price for Croatia ($556 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Italy (FOB) - 2022
In 2022, the average export price for raw cane sugar (without flavoring or coloring matter) amounted to $1,544 per ton, dropping by -4.6% against the previous year. Over the period under review, the export price saw a perceptible decline. The pace of growth appeared the most rapid in 2014 when the average export price increased by 3%. As a result, the export price attained the peak level of $2,499 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($3,350 per ton), while the average price for exports to Libya ($1,460 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 the Czech Republic (+4.0%), 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 Italy
In 2022, supplies from abroad of raw cane sugar (without flavoring or coloring matter) decreased by -34% to 2.8K tons, falling for the second year in a row after two years of growth. Over the period under review, imports faced a deep slump. The most prominent rate of growth was recorded in 2020 when imports increased by 80%. As a result, imports attained the peak of 9K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of raw cane sugar (without flavoring or coloring matter) fell markedly to $3.2M in 2022. In general, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 18% against the previous year. As a result, imports attained the peak of $7M. 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 Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | N/A | N/A | N/A | 1,140 | 0% |
| Croatia | 1,427 | 2,899 | 1,535 | 861 | -15.5% |
| Colombia | 1,021 | 787 | 852 | 676 | -12.8% |
| Germany | 41.1 | 39.0 | 100 | 318 | 97.8% |
| Belgium | 338 | 152 | 192 | 25.4 | -57.8% |
| Slovenia | 559 | 738 | 443 | 11.5 | -72.6% |
| United Kingdom | 2,075 | 1,252 | N/A | N/A | -39.7% |
| Malta | 183 | 436 | 311 | N/A | 30.4% |
| Others | 246 | 673 | 461 | 162 | -13.0% |
| Total | 5,890 | 6,977 | 3,894 | 3,194 | -18.5% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter) to Italy in 2022:
- Croatia (1550.1 tons)
- Lithuania (539.5 tons)
- Colombia (386.7 tons)
- Germany (222.2 tons)
- Belgium (24.0 tons)
- Slovenia (11.2 tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Italy
In 2022, the amount of raw cane sugar (without flavoring or coloring matter) exported from Italy soared to 686 tons, jumping by 63% on 2021. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 139% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the near future.
In value terms, exports of raw cane sugar (without flavoring or coloring matter) skyrocketed to $1.1M in 2022. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 97%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Libya | N/A | 233 | 524 | 901 | 96.6% |
| Romania | 36.2 | 31.0 | 39.4 | 34.8 | -1.3% |
| Albania | 14.9 | 10.8 | 10.5 | 9.5 | -13.9% |
| Others | 151 | 123 | 105 | 114 | -8.9% |
| Total | 202 | 397 | 679 | 1,059 | 73.7% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter) from Italy in 2022:
- Libya (616.9 tons)
- Romania (16.6 tons)
- Albania (3.8 tons)
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