Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the UK - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the UK (CIF) - 2023
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the UK (FOB) - 2023
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the UK
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the UK
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the UK (CIF) - 2023
In November 2023, the average import price for raw cane sugar (without flavoring or coloring matter, other) amounted to $764 per ton, surging by 17% against the previous month. Over the period under review, import price indicated a perceptible increase from November 2022 to November 2023: its price increased at an average monthly rate of +3.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for raw cane sugar (without flavoring or coloring matter, other) increased by +49.0% against August 2023 indices. The pace of growth was the most pronounced in December 2022 an increase of 75% against the previous month. As a result, import price reached the peak level of $917 per ton. From January 2023 to November 2023, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In November 2023, the countries with the highest prices were Mauritius ($877 per ton) and Fiji ($821 per ton), while the price for Brazil ($633 per ton) and Australia ($779 per ton) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Australia (+10.5%), 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 the UK (FOB) - 2023
The average export price for raw cane sugar (without flavoring or coloring matter, other) stood at $1,794 per ton in November 2023, leveling off at the previous month. Overall, the export price, however, continues to indicate a mild decline. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 26% month-to-month. Over the period under review, the average export prices attained the peak figure at $2,232 per ton in May 2023; however, from June 2023 to November 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Ireland ($4,280 per ton), while the average price for exports to Belgium ($537 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malta (+4.5%), 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 the UK
In 2022, imports of raw cane sugar (without flavoring or coloring matter, other) into the UK contracted to 426K tons, waning by -13.1% compared with 2021. Overall, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 4.7% against the previous year.
In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) contracted modestly to $212M in 2022. The total import value increased at an average annual rate of +3.2% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 16%. As a result, imports attained the peak of $220M, and then fell in the following year.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 3.6 | 30.8 | 108 | 131 | 231.4% |
| South Africa | 23.4 | 30.0 | 32.7 | 17.9 | -8.5% |
| Mauritius | 14.3 | 14.7 | 8.9 | 12.3 | -4.9% |
| Guatemala | 0.1 | 0.2 | 10.4 | 10.1 | 365.7% |
| Belize | 56.3 | 23.3 | 7.4 | 8.5 | -46.8% |
| Costa Rica | 10.3 | N/A | 3.0 | 5.9 | -17.0% |
| El Salvador | 2.0 | N/A | 4.4 | 4.6 | 32.0% |
| Guyana | 15.9 | 13.2 | 7.5 | 4.1 | -36.4% |
| Malawi | 0.7 | 1.2 | 1.4 | 4.1 | 80.3% |
| Nicaragua | N/A | N/A | 3.3 | 3.9 | 18.2% |
| Honduras | N/A | N/A | 3.2 | 3.1 | -3.1% |
| Swaziland | N/A | 33.0 | 19.6 | 2.2 | -74.2% |
| France | 25.5 | 7.8 | 0.4 | N/A | -87.5% |
| Others | 40.7 | 36.1 | 9.9 | 4.2 | -53.1% |
| Total | 193 | 190 | 220 | 212 | 3.2% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to the UK in 2022:
- Brazil (274.3K tons)
- South Africa (32.4K tons)
- Guatemala (22.5K tons)
- Mauritius (14.9K tons)
- Costa Rica (13.2K tons)
- Belize (12.4K tons)
- Guyana (10.4K tons)
- El Salvador (10.3K tons)
- Malawi (9.1K tons)
- Nicaragua (8.7K tons)
- Honduras (7.1K tons)
- Swaziland (4.6K tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the UK
In 2022, overseas shipments of raw cane sugar (without flavoring or coloring matter, other) decreased by -37.8% to 659 tons, falling for the second year in a row after two years of growth. In general, exports continue to indicate a dramatic slump. The pace of growth appeared the most rapid in 2020 with an increase of 9.6%. As a result, the exports attained the peak of 6.1K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) declined remarkably to $1.1M in 2022. Over the period under review, exports saw a sharp descent. The smallest decline of -0.4% was in 2020.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 1.6 | 95.8 | 88.0 | 131 | 334.2% |
| Ireland | 1,574 | 1,682 | 122 | 108 | -59.1% |
| Poland | 136 | 173 | 118 | 105 | -8.3% |
| Singapore | 126 | 121 | 68.0 | 78.1 | -14.7% |
| United Arab Emirates | 39.1 | 45.3 | 23.0 | 71.1 | 22.1% |
| Portugal | 132 | 109 | 124 | 70.9 | -18.7% |
| Lebanon | 132 | 136 | 82.7 | 52.1 | -26.6% |
| Norway | 92.5 | 74.6 | 94.7 | 47.6 | -19.9% |
| Australia | 4.0 | N/A | 23.4 | 43.9 | 122.2% |
| Netherlands | 521 | 178 | 74.6 | 40.3 | -57.4% |
| Spain | 209 | 198 | 12.7 | 37.7 | -43.5% |
| Russia | N/A | N/A | 94.4 | 36.7 | -61.1% |
| Croatia | 82.5 | 129 | 90.4 | 33.1 | -26.2% |
| Others | 2,789 | 2,874 | 759 | 286 | -53.2% |
| Total | 5,839 | 5,815 | 1,775 | 1,141 | -42.0% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from the UK in 2022:
- Poland (73.9 tons)
- Ireland (60.9 tons)
- Singapore (48.4 tons)
- Portugal (44.3 tons)
- Netherlands (38.0 tons)
- Russia (37.7 tons)
- Denmark (36.0 tons)
- United Arab Emirates (32.3 tons)
- Lebanon (27.7 tons)
- Spain (25.8 tons)
- Australia (24.5 tons)
- Croatia (24.0 tons)
- Norway (21.8 tons)
284
This report provides an in-depth analysis of the raw cane sugar market in the UK.
141
This report provides an in-depth analysis of the sugar market in the UK.
264
This report provides an in-depth analysis of the market for flavoured refined cane sugar in the UK.
306
This report provides an in-depth analysis of the refined cane sugar market in the UK.
484
This report provides an in-depth analysis of the market for refined white cane sugar in the UK.
875
This report provides an in-depth analysis of the sugar market in the UK.
739
Global Raw Cane Sugar Market Report 2018. This report provides an in-depth analysis of the global raw cane sugar market.
153
This report provides an in-depth analysis of the global sugar market.
611
Global Flavoured Refined Cane Sugar Market Report 2018. This report provides an in-depth analysis of the global market for flavoured refined cane sugar.
603
Global Refined Cane Sugar Market Report 2018. This report provides an in-depth analysis of the global refined cane sugar market.
1360
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 ...
1730
In value terms, cane and beet sugar and sucrose exports totaled $X in 2016. Overall, it indicated a strong growth from 2007 to 2016: the total exports value increased at an average annual rate of +X>
341
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.
1385
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.
1115
The global sugar market rose to $105.3B in 2019, surging by 1.9% against the previous year. This figure reflects the...
979
The global sugar market revenue amounted to $99.9B in 2017, increasing by 13% against the previous year. This figure refle...
1360
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 ...
1730
In value terms, cane and beet sugar and sucrose exports totaled $X in 2016. Overall, it indicated a strong growth from 2007 to 2016: the total exports value increased at an average annual rate of +X>
341
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.
1385
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.
