Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Austria - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Austria (CIF) - 2023
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Austria (FOB) - 2023
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Austria
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Austria
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Austria (CIF) - 2023
In October 2023, the average import price for raw cane sugar (without flavoring or coloring matter, other) amounted to $1,108 per ton, with a decrease of -26.3% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 38% against the previous month. Over the period under review, average import prices hit record highs at $1,503 per ton in September 2023, and then contracted sharply in the following month.
As there is only one major supplying country, the average price level is determined by prices for Mauritius.
From October 2022 to October 2023, the rate of growth in terms of prices for Mauritius amounted to +3.7% per month.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Austria (FOB) - 2023
The average export price for raw cane sugar (without flavoring or coloring matter, other) stood at $1,573 per ton in October 2023, picking up by 7.6% against the previous month. Over the period under review, export price indicated strong growth from October 2022 to October 2023: its price increased at an average monthly rate of +5.5% 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, other) increased by +30.4% against July 2023 indices. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 51% m-o-m. The export price peaked in October 2023.
As there is only one major export destination, the average price level is determined by prices for Switzerland.
From October 2022 to October 2023, the rate of growth in terms of prices for Romania amounted to +10.4% per month.
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Austria
In 2022, imports of raw cane sugar (without flavoring or coloring matter, other) into Austria expanded modestly to 6.3K tons, increasing by 3.1% against 2021 figures. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +9.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -14.5% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 54%. As a result, imports reached the peak of 7.4K 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, other) dropped to $6.2M in 2022. The total import value increased at an average annual rate of +2.1% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 29%. As a result, imports reached the peak of $7.5M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Austria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,191 | 2,421 | 2,190 | 3,247 | 39.7% |
| Mauritius | 1,440 | 2,297 | 1,723 | 1,619 | 4.0% |
| Czech Republic | 1,216 | 1,062 | 894 | 960 | -7.6% |
| Netherlands | 33.1 | 157 | 196 | 190 | 79.1% |
| Argentina | 292 | 375 | 472 | N/A | 27.1% |
| Colombia | 519 | 630 | 701 | N/A | 16.2% |
| Brazil | 383 | 55.1 | 120 | N/A | -44.0% |
| Others | 764 | 550 | 491 | 204 | -35.6% |
| Total | 5,838 | 7,547 | 6,787 | 6,220 | 2.1% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to Austria in 2022:
- Germany (3.2K tons)
- Mauritius (2.2K tons)
- Czech Republic (0.7K tons)
- Netherlands (0.2K tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Austria
In 2022, after three years of growth, there was significant decline in shipments abroad of raw cane sugar (without flavoring or coloring matter, other), when their volume decreased by -15.7% to 2.8K tons. In general, exports, however, posted significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 178%.
In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) reduced sharply to $2.8M in 2022. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 119%.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Austria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 610 | 1,093 | 677 | 701 | 4.7% |
| Romania | 121 | 515 | 494 | 433 | 53.0% |
| Switzerland | 163 | 524 | 475 | 383 | 32.9% |
| Germany | 106 | 138 | 112 | 315 | 43.8% |
| Italy | 28.9 | 60.3 | 291 | 265 | 109.3% |
| Slovenia | 397 | 542 | 294 | 193 | -21.4% |
| Belgium | 0.1 | 255 | 1,086 | 179 | 1114.2% |
| Croatia | 60.2 | 89.2 | 65.8 | 97.1 | 17.3% |
| Slovakia | 28.7 | 44.3 | 66.8 | 62.7 | 29.8% |
| Others | 46.9 | 156 | 93.1 | 174 | 54.8% |
| Total | 1,562 | 3,417 | 3,655 | 2,804 | 21.5% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from Austria in 2022:
- Hungary (867.5 tons)
- Romania (553.5 tons)
- Switzerland (316.6 tons)
- Belgium (223.2 tons)
- Italy (204.9 tons)
- Germany (202.4 tons)
- Slovenia (150.1 tons)
- Croatia (78.9 tons)
- Slovakia (61.9 tons)
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