Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Slovakia - 2023

Contents:

1. Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Slovakia (CIF) - 2023
2. Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Slovakia (FOB) - 2023
3. Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Slovakia
4. Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Slovakia

Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Slovakia (CIF) - 2023

In September 2023, the average import price for raw cane sugar (without flavoring or coloring matter, other) amounted to $1,895 per ton, surging by 25% against the previous month. Over the period under review, import price indicated a buoyant expansion from October 2022 to September 2023: its price increased at an average monthly rate of +5.3% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, import price for raw cane sugar (without flavoring or coloring matter, other) increased by +25.0% against August 2023 indices. The most prominent rate of growth was recorded in May 2023 an increase of 49% m-o-m. As a result, import price attained the peak level of $2,388 per ton. From June 2023 to September 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Hungary ($5,758 per ton), while the price for Lithuania ($1,270 per ton) was amongst the lowest.

From October 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Hungary (+13.8%), 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 Slovakia (FOB) - 2023

In September 2023, the average export price for raw cane sugar (without flavoring or coloring matter, other) amounted to $3,532 per ton, dropping by -2% against the previous month. Over the period under review, export price indicated a perceptible expansion from October 2022 to September 2023: its price increased at an average monthly rate of +3.0% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, export price for raw cane sugar (without flavoring or coloring matter, other) decreased by -3.7% against July 2023 indices. The pace of growth appeared the most rapid in January 2023 an increase of 42% against the previous month. Over the period under review, the average export prices reached the peak figure at $3,667 per ton in July 2023; however, from August 2023 to September 2023, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In September 2023, the highest price was recorded for prices to Denmark ($3,798 per ton) and the Czech Republic ($3,310 per ton), while the average price for exports to Hungary ($2,625 per ton) and Bulgaria ($2,625 per ton) were amongst the lowest.

From October 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+3.5%), 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 Slovakia

In 2022, supplies from abroad of raw cane sugar (without flavoring or coloring matter, other) decreased by -28.3% to 1.4K tons, falling for the second consecutive year after two years of growth. In general, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 15%. As a result, imports attained the peak of 2.7K 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) dropped sharply to $1.7M in 2022. Over the period under review, imports faced a deep reduction. The pace of growth was the most pronounced in 2020 when imports increased by 14% against the previous year. As a result, imports reached the peak of $3M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to Slovakia in 2022:

1. Czech Republic (820.8 tons)
2. Mauritius (192.5 tons)
3. Sweden (186.8 tons)
4. Austria (109.8 tons)
5. Germany (31.2 tons)

Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Slovakia

In 2022, approx. 443 tons of raw cane sugar (without flavoring or coloring matter, other) were exported from Slovakia; jumping by 48% compared with the year before. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +8.5% 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 decreased by -8.8% against 2020 indices.

In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) skyrocketed to $1M in 2022. The total export value increased at an average annual rate of +2.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.

Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from Slovakia in 2022:

1. Czech Republic (132.2 tons)
2. Denmark (86.5 tons)
3. Sweden (63.5 tons)
4. Germany (44.2 tons)
5. Romania (43.9 tons)
6. Cyprus (21.0 tons)
7. Bulgaria (17.5 tons)
8. Hungary (15.4 tons)

Source: IndexBox Market Intelligence Platform