Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Austria - 2023
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Austria (CIF) - 2023
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Austria (FOB) - 2022
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Austria
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Austria
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Austria (CIF) - 2023
In October 2023, the average import price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $1,532 per ton, declining by -61.8% against the previous month. Overall, the import price showed a deep downturn. The growth pace was the most rapid in August 2023 an increase of 64% month-to-month. The import price peaked at $4,501 per ton in January 2023; however, from February 2023 to October 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Iran.
From October 2022 to October 2023, the rate of growth in terms of prices for Hungary amounted to +6.7% per month.
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Austria (FOB) - 2022
The average export price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $3,514 per ton in November 2022, which is down by -26.7% against the previous month. Over the period under review, the export price showed a perceptible setback. The growth pace was the most rapid in October 2022 an increase of 61% m-o-m. Over the period under review, the average export prices attained the peak figure at $5,022 per ton in November 2021; however, from December 2021 to November 2022, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Russia ($25,673 per ton), while the average price for exports to Bulgaria ($2,392 per ton) was amongst the lowest.
From November 2021 to November 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+9.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Austria
In 2022, imports of refined cane or beet sugar (with added flavoring or coloring matter) into Austria surged to 1.1K tons, jumping by 35% compared with the previous year. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +22.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) contracted to $3M in 2022. The total import value increased at an average annual rate of +10.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 32%.
| Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Austria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,902 | 2,688 | 2,755 | 2,370 | 7.6% |
| Belgium | N/A | N/A | 123 | 204 | 65.9% |
| Hungary | 72.3 | 146 | 177 | 204 | 41.3% |
| France | 196 | 52.1 | 120 | 143 | -10.0% |
| Others | 79.7 | 89.0 | 58.4 | 83.7 | 1.6% |
| Total | 2,249 | 2,975 | 3,233 | 3,005 | 10.1% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to Austria in 2022:
- Germany (679.3 tons)
- Belgium (361.9 tons)
- France (54.5 tons)
- Hungary (19.5 tons)
Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Austria
In 2022, approx. 414 tons of refined cane or beet sugar (with added flavoring or coloring matter) were exported from Austria; growing by 11% against 2021 figures. Over the period under review, exports, however, faced a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year.
In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) reduced to $1.5M in 2022. Overall, exports, however, faced a abrupt downturn. The pace of growth was the most pronounced in 2021 when exports increased by 7.4%.
| Export of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Austria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 91.4 | 142 | 185 | 369 | 59.2% |
| Poland | 245 | 229 | 265 | 161 | -13.1% |
| Slovenia | 110 | 133 | 129 | 159 | 13.1% |
| Switzerland | 177 | 183 | 195 | 152 | -4.9% |
| Germany | 831 | 114 | 142 | 147 | -43.9% |
| Russia | 288 | 332 | 190 | 126 | -24.1% |
| Italy | 113 | 94.0 | 91.1 | 113 | 0.0% |
| Romania | 0.1 | 28.7 | 140 | 54.2 | 715.3% |
| Others | 178 | 223 | 253 | 189 | 2.0% |
| Total | 2,033 | 1,479 | 1,589 | 1,472 | -10.2% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from Austria in 2022:
- Hungary (144.6 tons)
- Slovenia (84.4 tons)
- Poland (38.5 tons)
- Switzerland (36.1 tons)
- Italy (24.7 tons)
- Romania (20.6 tons)
- Russia (16.5 tons)
- Germany (14.8 tons)
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