Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Germany - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Germany (CIF) - 2023
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Germany (FOB) - 2023
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Germany
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Germany
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Germany (CIF) - 2023
The average import price for raw cane sugar (without flavoring or coloring matter, other) stood at $938 per ton in October 2023, with a decrease of -10.3% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.6%. The pace of growth appeared the most rapid in September 2023 when the average import price increased by 21% m-o-m. As a result, import price attained the peak level of $1,046 per ton, and then shrank in the following month.
Average prices varied somewhat amongst the major supplying countries. In October 2023, the countries with the highest prices were Colombia ($1,222 per ton) and Malawi ($1,014 per ton), while the price for Swaziland ($865 per ton) and Mauritius ($914 per ton) were amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Swaziland (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Germany (FOB) - 2023
In October 2023, the average export price for raw cane sugar (without flavoring or coloring matter, other) amounted to $2,422 per ton, growing by 60% against the previous month. In general, export price indicated a resilient expansion from October 2022 to October 2023: its price increased at an average monthly rate of +5.1% 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, other) increased by +60.0% against September 2023 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Turkey ($4,309 per ton), while the average price for exports to South Korea ($1,163 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 France (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Germany
Imports of raw cane sugar (without flavoring or coloring matter, other) into Germany rose sharply to 34K tons in 2022, increasing by 9.6% against 2021 figures. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 72% against the previous year. As a result, imports reached the peak of 60K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) totaled $27M in 2022. Over the period under review, imports, however, continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 39%. As a result, imports attained the peak of $40M. 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 Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mauritius | 7.9 | 3.9 | 5.5 | 8.2 | 1.3% |
| Colombia | 3.9 | 6.4 | 5.1 | 5.6 | 12.8% |
| Belize | 0.1 | N/A | 1.2 | 2.3 | 184.4% |
| France | 7.5 | 4.1 | 2.1 | 2.1 | -34.6% |
| Netherlands | 0.8 | 0.8 | 1.7 | 1.7 | 28.6% |
| Swaziland | 1.5 | 1.5 | 1.7 | 1.6 | 2.2% |
| El Salvador | N/A | 0.1 | N/A | 0.6 | 144.9% |
| Brazil | 0.6 | 15.7 | 0.2 | 0.5 | -5.9% |
| Costa Rica | 0.8 | 0.9 | 1.2 | N/A | 22.5% |
| Others | 5.4 | 6.2 | 7.8 | 4.1 | -8.8% |
| Total | 28.4 | 39.6 | 26.4 | 26.6 | -2.2% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to Germany in 2022:
- Mauritius (11.5K tons)
- Colombia (7.3K tons)
- Belize (4.0K tons)
- Swaziland (2.9K tons)
- France (2.0K tons)
- Netherlands (1.3K tons)
- El Salvador (0.9K tons)
- Brazil (0.5K tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Germany
In 2022, overseas shipments of raw cane sugar (without flavoring or coloring matter, other) were finally on the rise to reach 12K tons after two years of decline. In general, exports, however, recorded a perceptible downturn.
In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) fell slightly to $16M in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 6.1% against the previous year. As a result, the exports attained the peak of $17M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 2.0 | 2.7 | 2.6 | 2.4 | 6.3% |
| Romania | 1.4 | 1.4 | 1.8 | 2.2 | 16.3% |
| Italy | 2.5 | 3.0 | 1.9 | 1.9 | -8.7% |
| Denmark | 1.1 | 1.8 | 1.8 | 1.4 | 8.4% |
| Slovakia | 1.6 | 1.9 | 1.5 | 1.2 | -9.1% |
| Netherlands | 0.2 | 0.2 | 0.9 | 0.9 | 65.1% |
| Poland | 1.0 | 0.7 | 0.5 | 0.8 | -7.2% |
| Czech Republic | 1.3 | 1.0 | 1.5 | 0.7 | -18.6% |
| Spain | 0.8 | 1.0 | 0.6 | 0.6 | -9.1% |
| France | 1.3 | 0.7 | 0.8 | 0.5 | -27.3% |
| United Kingdom | 0.1 | 0.1 | 0.1 | 0.4 | 58.7% |
| Belgium | 0.8 | 0.6 | 0.2 | 0.3 | -27.9% |
| Others | 2.1 | 2.0 | 2.3 | 2.5 | 6.0% |
| Total | 16.2 | 17.1 | 16.5 | 15.9 | -0.6% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from Germany in 2022:
- Austria (1788.0 tons)
- Romania (1705.2 tons)
- Italy (1314.9 tons)
- Slovakia (1094.4 tons)
- Denmark (979.9 tons)
- Poland (801.8 tons)
- Netherlands (626.8 tons)
- Czech Republic (564.3 tons)
- France (550.5 tons)
- Spain (414.3 tons)
- Belgium (355.7 tons)
- United Kingdom (326.5 tons)
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