Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in France - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in France (FOB) - 2023
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in France (CIF) - 2023
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in France
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in France
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in France (FOB) - 2023
In October 2023, the average export price for raw cane sugar (without flavoring or coloring matter, other) amounted to $2,317 per ton, jumping by 230% against the previous month. In general, the export price continues to indicate a remarkable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was the United States ($6,110 per ton), while the average price for exports to Ukraine ($753 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in France (CIF) - 2023
In October 2023, the average import price for raw cane sugar (without flavoring or coloring matter, other) amounted to $919 per ton, waning by -12.2% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +2.9%. The pace of growth appeared the most rapid in June 2023 an increase of 17% m-o-m. The import price peaked at $1,047 per ton in September 2023, and then reduced in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was the Philippines ($2,849 per ton), while the price for Brazil ($601 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 Belgium (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in France
In 2022, exports of raw cane sugar (without flavoring or coloring matter, other) from France contracted rapidly to 133K tons, with a decrease of -15.7% compared with the previous year. In general, exports showed a slight slump. The pace of growth appeared the most rapid in 2021 when exports increased by 36% against the previous year. As a result, the exports attained the peak of 158K tons, and then reduced remarkably in the following year.
In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) fell slightly to $64M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +9.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +40.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 46% against the previous year. As a result, the exports reached the peak of $66M, and then reduced slightly in the following year.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 17.7 | 4.7 | 18.0 | 32.3 | 22.2% |
| Italy | 12.3 | 14.5 | 16.7 | 15.6 | 8.2% |
| Germany | 1.5 | 1.2 | 4.1 | 4.3 | 42.1% |
| Spain | 2.0 | 10.7 | 18.6 | 3.6 | 21.6% |
| Belgium | 3.6 | 1.1 | 0.9 | 1.4 | -27.0% |
| Netherlands | 0.1 | N/A | 0.4 | 1.1 | 122.4% |
| Greece | 0.1 | 0.8 | 0.4 | 1.1 | 122.4% |
| Poland | 0.9 | 1.2 | 1.2 | 1.0 | 3.6% |
| United Kingdom | 8.0 | 8.6 | 0.1 | 0.1 | -76.8% |
| Others | 2.2 | 2.6 | 5.9 | 3.0 | 10.9% |
| Total | 48.3 | 45.4 | 66.4 | 63.6 | 9.6% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from France in 2022:
- Portugal (64.5K tons)
- Italy (39.3K tons)
- Germany (9.4K tons)
- Spain (7.6K tons)
- Greece (2.7K tons)
- Netherlands (2.4K tons)
- Poland (2.4K tons)
- Belgium (1.4K tons)
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in France
In 2022, approx. 48K tons of raw cane sugar (without flavoring or coloring matter, other) were imported into France; dropping by -11.4% on 2021 figures. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +6.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 63%. As a result, imports attained the peak of 54K tons, and then dropped in the following year.
In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) dropped to $44M in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 21% against the previous year. As a result, imports reached the peak of $47M, and then fell in the following year.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 3.0 | 5.5 | 8.0 | 8.8 | 43.1% |
| Brazil | 3.7 | 2.9 | 6.0 | 7.8 | 28.2% |
| Germany | 1.2 | 1.5 | 8.8 | 7.0 | 80.0% |
| Belgium | 3.0 | 7.2 | 5.5 | 6.0 | 26.0% |
| Spain | 6.6 | 8.5 | 6.5 | 4.6 | -11.3% |
| Colombia | 5.2 | 2.0 | 0.9 | 2.5 | -21.7% |
| Mauritius | 9.6 | 2.4 | 2.6 | 1.0 | -52.9% |
| Others | 8.3 | 8.7 | 8.8 | 6.3 | -8.8% |
| Total | 40.6 | 38.7 | 47.1 | 44.0 | 2.7% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to France in 2022:
- Brazil (14.1K tons)
- Germany (9.6K tons)
- Netherlands (7.0K tons)
- Spain (4.9K tons)
- Belgium (4.1K tons)
- Colombia (2.1K tons)
- Mauritius (1.4K tons)
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