Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Luxembourg - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Luxembourg (CIF) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Luxembourg (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Luxembourg
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Luxembourg
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Luxembourg (CIF) - 2022
The average import price for raw cane sugar (without flavoring or coloring matter, other) stood at $2,403 per ton in 2022, which is down by -3.3% against the previous year. In general, the import price continues to indicate a mild setback. The pace of growth appeared the most rapid in 2021 an increase of 11% against the previous year. The import price peaked at $2,823 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($2,532 per ton), while the price for Paraguay ($1,643 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.1%), while the prices for the other major suppliers experienced a decline.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Luxembourg (FOB) - 2022
The average export price for raw cane sugar (without flavoring or coloring matter, other) stood at $3,800 per ton in 2022, falling by -57.1% against the previous year. Overall, the export price showed a abrupt shrinkage. The growth pace was the most rapid in 2015 when the average export price increased by 85% against the previous year. The export price peaked at $15,000 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($4,000 per ton), while the average price for exports to Belgium totaled $3,733 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-2.7%).
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Luxembourg
In 2022, overseas purchases of raw cane sugar (without flavoring or coloring matter, other) decreased by -12.4% to 62 tons, falling for the second year in a row after two years of growth. Overall, imports showed a mild curtailment. The growth pace was the most rapid in 2020 with an increase of 18% against the previous year. As a result, imports reached the peak of 77 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) fell sharply to $150K in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 17% against the previous year.
Import of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Luxembourg (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | 108 | 106 | 114 | 106 | -0.6% |
France | 32.1 | 40.4 | 32.7 | 23.6 | -9.7% |
Germany | 3.2 | 17.4 | 10.8 | 7.0 | 29.8% |
Paraguay | N/A | N/A | N/A | 3.3 | 0% |
Netherlands | 0.3 | 2.9 | 4.3 | 3.0 | 115.4% |
Malawi | 2.5 | 2.6 | 9.8 | N/A | 98.0% |
Others | 0.5 | 2.9 | 5.2 | 7.0 | 141.0% |
Total | 147 | 172 | 177 | 150 | 0.7% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to Luxembourg in 2022:
- Belgium (42.7 tons)
- France (10.9 tons)
- Germany (2.8 tons)
- Paraguay (2.0 tons)
- Netherlands (1.2 tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Luxembourg
Exports of raw cane sugar (without flavoring or coloring matter, other) from Luxembourg surged to 20 kg in 2022, increasing by 33% on 2021. Over the period under review, exports continue to indicate significant growth. 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, other) reduced remarkably to $76 in 2022. In general, exports, however, recorded a deep reduction.
Export of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Luxembourg (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | 90.0 | N/A | N/A | 56.0 | -14.6% |
Germany | N/A | N/A | N/A | 20.0 | 0% |
Ghana | N/A | N/A | 133 | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 90.0 | N/A | 133 | 76.0 | -5.5% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from Luxembourg in 2022:
- Belgium (15.0 kg)
- Germany (5.0 kg)
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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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.