Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Latvia - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Latvia (CIF) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Latvia (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Latvia
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Latvia
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Latvia (CIF) - 2022
The average import price for raw cane sugar (without flavoring or coloring matter, other) stood at $989 per ton in 2022, reducing by -5.8% against the previous year. In general, the import price recorded a noticeable downturn. The most prominent rate of growth was recorded in 2014 an increase of 28% against the previous year. The import price peaked at $1,611 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($4,456 per ton), while the price for Mauritius ($846 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+17.1%), 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 Latvia (FOB) - 2022
The average export price for raw cane sugar (without flavoring or coloring matter, other) stood at $1,176 per ton in 2022, which is down by -6% against the previous year. Overall, the export price recorded a abrupt slump. The most prominent rate of growth was recorded in 2016 when the average export price increased by 79% against the previous year. The export price peaked at $2,444 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($1,793 per ton), while the average price for exports to Estonia amounted to $1,111 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+1.1%).
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Latvia
For the fourth consecutive year, Latvia recorded growth in supplies from abroad of raw cane sugar (without flavoring or coloring matter, other), which increased by 12% to 335 tons in 2022. In general, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +22.7% 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 +84.6% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 38%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) expanded notably to $331K in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +18.4% 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 +66.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 39%. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in years to come.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mauritius | 131 | 153 | 148 | 175 | 10.1% |
| Denmark | 18.8 | 16.3 | 105 | 91.9 | 69.7% |
| Germany | 4.1 | 13.7 | 8.6 | 30.6 | 95.4% |
| Lithuania | 19.5 | 31.9 | 47.6 | 19.6 | 0.2% |
| Paraguay | N/A | 8.0 | 4.5 | 12.8 | 26.5% |
| Others | 25.5 | 2.0 | 0.2 | 1.0 | -66.0% |
| Total | 199 | 225 | 314 | 331 | 18.5% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to Latvia in 2022:
- Mauritius (207.0 tons)
- Denmark (93.7 tons)
- Paraguay (14.9 tons)
- Lithuania (12.0 tons)
- Germany (6.9 tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Latvia
In 2022, the amount of raw cane sugar (without flavoring or coloring matter, other) exported from Latvia soared to 76 tons, rising by 112% compared with the previous year. Overall, exports saw a significant increase. As a result, the exports reached 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, other) surged to $89K in 2022. Over the period under review, exports showed a significant increase. 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, Other) in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 44.8 | 63.3 | 39.1 | 76.3 | 19.4% |
| Lithuania | 2.5 | 6.4 | 5.6 | 13.0 | 73.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 47.4 | 69.7 | 44.7 | 89.3 | 23.5% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from Latvia in 2022:
- Estonia (68.7 tons)
- Lithuania (7.2 tons)
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