Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Luxembourg - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Luxembourg (CIF) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Luxembourg (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Luxembourg
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Luxembourg
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Luxembourg (CIF) - 2022
The average import price for raw cane sugar (without flavoring or coloring matter) stood at $2,283 per ton in 2022, falling by -8.8% against the previous year. Overall, the import price recorded a slight slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by 11%. The import price peaked at $2,958 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Paraguay ($3,704 per ton), while the price for Portugal ($1,243 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+13.7%), while the prices for the other major suppliers experienced a decline.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Luxembourg (FOB) - 2022
In 2022, the average export price for raw cane sugar (without flavoring or coloring matter) amounted to $3,451 per ton, declining by -2% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 24%. As a result, the export price attained the peak level of $4,096 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Azerbaijan ($6,033 per ton), while the average price for exports to France ($2,811 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 Azerbaijan (+4.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Luxembourg
Imports of raw cane sugar (without flavoring or coloring matter) into Luxembourg totaled 199 tons in 2022, stabilizing at the previous year. Over the period under review, imports showed a relatively flat trend pattern. 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) fell to $454K in 2022. The total import value increased at an average annual rate of +2.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 12% against the previous year.
Import of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Luxembourg (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | 284 | 338 | 323 | 284 | 0.0% |
France | 59.5 | 44.7 | 60.8 | 70.1 | 5.6% |
Germany | 34.9 | 57.1 | 54.1 | 53.1 | 15.0% |
Portugal | 21.2 | 16.8 | 25.6 | 25.3 | 6.1% |
Paraguay | 23.8 | 20.0 | 20.3 | 12.9 | -18.5% |
Others | 4.0 | 2.5 | 6.4 | 8.6 | 29.1% |
Total | 428 | 479 | 490 | 454 | 2.0% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter) to Luxembourg in 2022:
- Belgium (104.3 tons)
- France (48.4 tons)
- Germany (22.0 tons)
- Portugal (20.3 tons)
- Paraguay (3.5 tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Luxembourg
Exports of raw cane sugar (without flavoring or coloring matter) from Luxembourg soared to 9.4 tons in 2022, picking up by 48% compared with 2021. Overall, exports posted a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of raw cane sugar (without flavoring or coloring matter) surged to $32K in 2022. In general, total exports indicated a mild increase from 2019 to 2022: its value increased at an average annual rate of +1.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +90.0% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Luxembourg (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | 14.3 | 7.7 | 10.2 | 15.0 | 1.6% |
France | 5.7 | 3.9 | 5.5 | 7.7 | 10.5% |
Azerbaijan | 9.0 | 4.5 | 5.2 | 7.6 | -5.5% |
Germany | 2.1 | 0.9 | 1.4 | 2.1 | 0.0% |
Others | 0.2 | N/A | 0.1 | N/A | -29.3% |
Total | 31.5 | 17.1 | 22.4 | 32.4 | 0.9% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter) from Luxembourg in 2022:
- Belgium (4.7 tons)
- France (2.7 tons)
- Azerbaijan (1.3 tons)
- Germany (0.7 tons)
This report provides an in-depth analysis of the sugar market in Luxembourg.
This report provides an in-depth analysis of the sugar market in Luxembourg.
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This report provides an in-depth analysis of the sugar market in Luxembourg.
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In value terms, cane and beet sugar and sucrose imports totaled $X in 2016. Overall, it indicated a perceptible growth from 2007 to 2016: the total imports value increased at an average annual rate ...
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Discover the top import markets for sugar, including China, the United States, Indonesia, Bangladesh, and South Korea, and their importance in meeting global sugar demand. Gain valuable insights from the IndexBox market report on the sugar industry.
This year, world sugar production is expected to rise by 3% to 193M tons. The growth will be encouraged by favorable weather conditions in most of the largest producing countries, as well as the providing exemptions on the neonicotinoid usage against plant diseases and blights in France, Germany and the UK. The drop in sugar production and shipments from Brazil will be offset by large volumes coming from Thailand, which will boost global exports by +2.6% y-o-y. The increased supply in the world market is to keep sugar prices relatively stable over the next two years.