Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in the UK - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in the UK (CIF) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in the UK (FOB) - 2023
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in the UK
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in the UK
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in the UK (CIF) - 2022
In 2022, the average import price for raw cane sugar (without flavoring or coloring matter) amounted to $1,126 per ton, surging by 19% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for raw cane sugar (without flavoring or coloring matter) increased by +64.8% against 2018 indices. The growth pace was the most rapid in 2020 when the average import price increased by 35%. Over the period under review, average import prices attained the maximum at $1,218 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Costa Rica ($2,616 per ton), while the price for El Salvador ($253 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+22.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in the UK (FOB) - 2023
In November 2023, the average export price for raw cane sugar (without flavoring or coloring matter) amounted to $2,232 per ton, dropping by -30.9% against the previous month. Overall, the export price saw a perceptible contraction. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 80% month-to-month. Over the period under review, the average export prices hit record highs at $4,468 per ton in December 2022; however, from January 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 ($3,872 per ton), while the average price for exports to Oman ($1,340 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 Qatar (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in the UK
In 2022, imports of raw cane sugar (without flavoring or coloring matter) into the UK shrank significantly to 926 tons, waning by -59.8% compared with the previous year's figure. Over the period under review, imports showed a dramatic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 90%.
In value terms, imports of raw cane sugar (without flavoring or coloring matter) reduced notably to $1M in 2022. In general, imports saw a precipitous decline. The most prominent rate of growth was recorded in 2021 when imports increased by 75%.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter) in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 159 | 167 | 659 | 328 | 27.3% |
| India | 67.7 | 130 | 212 | 177 | 37.8% |
| Colombia | 0.3 | 6.6 | 92.3 | 138 | 671.9% |
| Sri Lanka | 77.4 | 39.3 | 72.2 | 84.9 | 3.1% |
| Costa Rica | 9.3 | N/A | 8.1 | 84.5 | 108.7% |
| Netherlands | 1,776 | 267 | 535 | 52.4 | -69.1% |
| Bulgaria | N/A | N/A | 241 | 24.4 | -89.9% |
| El Salvador | N/A | N/A | N/A | 20.2 | 0% |
| Belgium | 515 | 437 | 6.9 | 3.2 | -81.6% |
| Belize | 1,061 | N/A | 103 | N/A | -68.8% |
| Czech Republic | 1,349 | 69.4 | 82.9 | N/A | -75.2% |
| Others | 284 | 123 | 159 | 131 | -22.7% |
| Total | 5,298 | 1,239 | 2,173 | 1,043 | -41.8% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter) to the UK in 2022:
- Ireland (459.9 tons)
- India (105.7 tons)
- El Salvador (80.0 tons)
- Colombia (65.5 tons)
- Bulgaria (52.8 tons)
- Sri Lanka (36.6 tons)
- Costa Rica (32.3 tons)
- Netherlands (24.5 tons)
- Belgium (4.9 tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in the UK
For the third year in a row, the UK recorded decline in shipments abroad of raw cane sugar (without flavoring or coloring matter), which decreased by -11.8% to 337 tons in 2022. In general, exports recorded a precipitous curtailment.
In value terms, exports of raw cane sugar (without flavoring or coloring matter) contracted to $848K in 2022. Overall, exports faced a dramatic downturn.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter) in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 1.4 | 7.6 | 6.1 | 105 | 321.7% |
| Germany | 69.9 | 58.5 | 19.4 | 98.9 | 12.3% |
| Oman | 94.5 | 54.3 | 83.4 | 78.8 | -5.9% |
| France | 222 | 50.2 | 5.7 | 48.9 | -39.6% |
| Australia | N/A | N/A | N/A | 39.4 | 0% |
| Spain | 158 | 69.9 | 11.9 | 28.7 | -43.4% |
| Poland | 81.5 | 15.9 | 56.2 | 26.2 | -31.5% |
| United Arab Emirates | 2.2 | 7.6 | 23.9 | 22.2 | 116.1% |
| Ireland | 811 | 401 | 467 | 17.9 | -71.9% |
| Netherlands | 165 | 462 | 36.1 | 12.7 | -57.5% |
| Cyprus | 42.7 | 17.6 | 38.9 | 1.9 | -64.6% |
| Greece | 30.4 | 17.4 | 8.6 | 1.1 | -66.9% |
| Italy | 63.0 | 21.0 | N/A | N/A | -66.7% |
| Others | 445 | 343 | 181 | 366 | -6.3% |
| Total | 2,187 | 1,526 | 938 | 848 | -27.1% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter) from the UK in 2022:
- Germany (65.3 tons)
- Hong Kong SAR (32.4 tons)
- France (29.8 tons)
- Spain (24.8 tons)
- Poland (20.8 tons)
- Australia (15.1 tons)
- Oman (12.6 tons)
- United Arab Emirates (12.2 tons)
- Ireland (9.8 tons)
- Netherlands (8.0 tons)
- Greece (1.0 tons)
- Cyprus (0.8 tons)
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