Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in France - 2023
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in France (FOB) - 2023
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in France (CIF) - 2023
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in France
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in France
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in France (FOB) - 2023
In October 2023, the average export price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $6,639 per ton, increasing by 57% against the previous month. Overall, export price indicated a measured increase from October 2022 to October 2023: its price increased at an average monthly rate of +4.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for refined cane or beet sugar (with added flavoring or coloring matter) increased by +45.5% against June 2023 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In October 2023, the country with the highest price was the United States ($27,099 per ton), while the average price for exports to South Korea ($3,667 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in France (CIF) - 2023
The average import price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $3,526 per ton in October 2023, reducing by -19.2% against the previous month. Over the period under review, the import price, however, enjoyed a notable expansion. The pace of growth was the most pronounced in September 2023 when the average import price increased by 86% m-o-m. As a result, import price attained the peak level of $4,364 per ton, and then reduced dramatically in the following month.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the United States ($7,545 per ton), while the price for Algeria ($206 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the UK (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in France
In 2022, overseas shipments of refined cane or beet sugar (with added flavoring or coloring matter) decreased by -75.1% to 1.8K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a significant contraction. The pace of growth was the most pronounced in 2020 with an increase of 47%. As a result, the exports attained the peak of 18K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) contracted remarkably to $4.2M in 2022. In general, exports recorded a precipitous contraction. The pace of growth appeared the most rapid in 2020 with an increase of 51%. As a result, the exports attained the peak of $29M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in France (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 737 | 369 | 825 | 559 | -8.8% |
| Germany | 2,544 | 2,011 | 1,055 | 368 | -47.5% |
| Italy | 380 | 754 | 370 | 312 | -6.4% |
| United States | 311 | 279 | 252 | 252 | -6.8% |
| Belgium | 780 | 447 | 452 | 248 | -31.7% |
| Canada | 126 | 142 | 116 | 242 | 24.3% |
| Portugal | 239 | 418 | 295 | 189 | -7.5% |
| Poland | 1,936 | 1,399 | 110 | 186 | -54.2% |
| Netherlands | 1,625 | 1,555 | 1,147 | 165 | -53.3% |
| Austria | 200 | 4,411 | 7,794 | 146 | -10.0% |
| South Korea | 203 | 185 | 189 | 144 | -10.8% |
| Spain | 6,577 | 4,667 | 678 | 93.5 | -75.8% |
| Sweden | 40.1 | 7.7 | 62.0 | 76.0 | 23.8% |
| Others | 3,774 | 12,841 | 3,263 | 1,218 | -31.4% |
| Total | 19,472 | 29,485 | 16,609 | 4,196 | -40.0% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from France in 2022:
- Poland (391.1 tons)
- Germany (213.1 tons)
- Italy (190.2 tons)
- Japan (141.3 tons)
- Canada (109.8 tons)
- Spain (86.7 tons)
- Belgium (86.6 tons)
- United States (83.1 tons)
- Netherlands (74.0 tons)
- Austria (55.0 tons)
- Sweden (53.7 tons)
- Portugal (49.5 tons)
- South Korea (35.8 tons)
Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in France
In 2022, purchases abroad of refined cane or beet sugar (with added flavoring or coloring matter) was finally on the rise to reach 1.6K tons after two years of decline. Over the period under review, imports, however, showed a deep reduction.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) dropped to $3.5M in 2022. Overall, imports, however, saw a deep setback. The smallest decline of -4.6% was in 2020.
| Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in France (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 150 | 401 | 939 | 1,112 | 95.0% |
| Germany | 2,231 | 2,670 | 1,558 | 857 | -27.3% |
| Netherlands | 200 | 535 | 705 | 437 | 29.8% |
| Spain | 619 | 263 | 138 | 316 | -20.1% |
| United Kingdom | 141 | 1.7 | 327 | 304 | 29.2% |
| Austria | 216 | 373 | 134 | 98.3 | -23.1% |
| Brazil | 622 | N/A | N/A | 1.3 | -87.2% |
| Czech Republic | 368 | N/A | N/A | N/A | 0% |
| Others | 104 | 194 | 252 | 343 | 48.9% |
| Total | 4,651 | 4,438 | 4,052 | 3,469 | -9.3% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to France in 2022:
- Belgium (659.7 tons)
- Austria (256.2 tons)
- Netherlands (220.9 tons)
- Spain (187.2 tons)
- United Kingdom (131.4 tons)
- Germany (131.3 tons)
- Brazil (3.0 tons)
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