Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Portugal - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Portugal (CIF) - 2023
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Portugal (FOB) - 2023
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Portugal
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Portugal
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Portugal (CIF) - 2023
The average import price for raw cane sugar (without flavoring or coloring matter) stood at $1,128 per ton in October 2023, surging by 2.5% against the previous month. In general, import price indicated mild growth from October 2022 to October 2023: its price increased at an average monthly rate of +1.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for raw cane sugar (without flavoring or coloring matter) decreased by -29.7% against April 2023 indices. The most prominent rate of growth was recorded in March 2023 an increase of 59% m-o-m. The import price peaked at $1,605 per ton in April 2023; however, from May 2023 to October 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Spain.
From October 2022 to October 2023, the rate of growth in terms of prices for Spain amounted to +1.1% per month.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Portugal (FOB) - 2023
The average export price for raw cane sugar (without flavoring or coloring matter) stood at $692 per ton in October 2023, remaining relatively unchanged against the previous month. In general, the export price recorded a deep reduction. The pace of growth appeared the most rapid in April 2023 an increase of 91% m-o-m. Over the period under review, the average export prices attained the maximum at $1,320 per ton in October 2022; however, from November 2022 to October 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was France ($1,453 per ton), while the average price for exports to Spain stood at $691 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+8.9%).
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Portugal
In 2022, purchases abroad of raw cane sugar (without flavoring or coloring matter) decreased by -21.5% to 785 tons, falling for the second consecutive year after two years of growth. In general, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 312%. As a result, imports reached the peak of 1K 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) reduced slightly to $688K in 2022. Overall, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 391% against the previous year. As a result, imports reached the peak of $867K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 150 | 853 | 688 | 665 | 64.3% |
| Others | 26.2 | 13.1 | 17.6 | 22.6 | -4.8% |
| Total | 176 | 867 | 706 | 688 | 57.5% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter) to Portugal in 2022:
- Spain (772.8 tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Portugal
In 2022, exports of raw cane sugar (without flavoring or coloring matter) from Portugal reached 718 tons, surging by 14% on 2021. Over the period under review, exports showed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 2,345%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of raw cane sugar (without flavoring or coloring matter) skyrocketed to $651K in 2022. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 1,781% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 7.9 | 0.5 | 347 | 612 | 326.3% |
| Luxembourg | 4.0 | 0.3 | 17.1 | 25.3 | 84.9% |
| Oman | N/A | 18.8 | N/A | N/A | 0% |
| Others | 9.0 | 0.3 | 9.9 | 13.8 | 15.3% |
| Total | 20.9 | 19.9 | 374 | 651 | 214.6% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter) from Portugal in 2022:
- Spain (688.2 tons)
- Luxembourg (22.3 tons)
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