Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Norway - 2024
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Norway (CIF) - 2022
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Norway (FOB) - 2022
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Norway
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Norway
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Norway (CIF) - 2022
In 2022, the average import price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $4,642 per ton, growing by 14% against the previous year. In general, the import price, however, saw a slight contraction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 25% against the previous year. The import price peaked at $5,299 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($11,283 per ton), while the price for the UK ($2,352 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Norway (FOB) - 2022
The average export price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $3,830 per ton in 2022, declining by -86.4% against the previous year. Overall, the export price saw a deep slump. The pace of growth appeared the most rapid in 2017 an increase of 771% against the previous year. The export price peaked at $74,775 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($10,761 per ton), while the average price for exports to Sweden ($3,214 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-6.2%), while the prices for the other major destinations experienced a decline.
Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Norway
In 2022, supplies from abroad of refined cane or beet sugar (with added flavoring or coloring matter) decreased by -16.3% to 57 tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by 5.8% against the previous year. As a result, imports attained the peak of 112 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) declined modestly to $262K in 2022. Overall, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2020 when imports increased by 2.3%. As a result, imports reached the peak of $364K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 83.6 | 113 | 113 | 111 | 9.9% |
| Hungary | 43.0 | 89.1 | 70.9 | 62.8 | 13.5% |
| Germany | 10.4 | 17.1 | 21.1 | 29.4 | 41.4% |
| Denmark | 8.8 | 4.2 | 7.3 | 16.0 | 22.1% |
| United Kingdom | 33.6 | 21.2 | 28.7 | 15.9 | -22.1% |
| France | 150 | 92.4 | 1.9 | 6.3 | -65.2% |
| Poland | 0.4 | 5.1 | 0.9 | 6.1 | 148.0% |
| Sweden | 12.5 | 9.8 | 8.7 | 4.1 | -31.0% |
| Others | 13.5 | 12.5 | 23.6 | 11.1 | -6.3% |
| Total | 356 | 364 | 276 | 262 | -9.7% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to Norway in 2022:
- Czech Republic (21.4 tons)
- Hungary (18.7 tons)
- United Kingdom (6.8 tons)
- Germany (2.7 tons)
- Poland (2.2 tons)
- Denmark (1.4 tons)
- Sweden (1.0 tons)
- France (0.9 tons)
Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Norway
In 2022, exports of refined cane or beet sugar (with added flavoring or coloring matter) from Norway skyrocketed to 11 tons, with an increase of 10,066% on the previous year's figure. Overall, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) soared to $43K in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern.
| Export of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | N/A | N/A | N/A | 34.1 | 0% |
| Denmark | 3.9 | 2.3 | 3.1 | 4.9 | 7.9% |
| United Kingdom | 1.7 | 13.0 | N/A | 1.5 | -4.1% |
| Iceland | N/A | N/A | N/A | 1.4 | 0% |
| Spain | 37.6 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 1.0 | 0% |
| Total | 43.2 | 15.3 | 3.1 | 42.8 | -0.3% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from Norway in 2022:
- Sweden (10.6 tons)
- Iceland (0.2 tons)
- Denmark (0.2 tons)
- United Kingdom (0.1 tons)
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