Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Russia - 2022
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Russia (FOB) - 2022
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Russia (CIF) - 2022
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Russia
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Russia
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Russia (FOB) - 2022
The average export price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $1,718 per ton in 2022, shrinking by -1.7% against the previous year. In general, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when the average export price increased by 9.7% against the previous year. Over the period under review, the average export prices hit record highs at $3,832 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($3,817 per ton), while the average price for exports to Kazakhstan ($1,363 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 Belarus (+1.0%), while the prices for the other major destinations experienced a decline.
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Russia (CIF) - 2022
The average import price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $4,343 per ton in 2022, with an increase of 382% against the previous year. Overall, the import price enjoyed a tangible expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($4,360 per ton), while the price for Austria stood at $4,279 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Russia
In 2022, approx. 355 tons of refined cane or beet sugar (with added flavoring or coloring matter) were exported from Russia; remaining stable against 2021 figures. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of 120% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.
In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) shrank modestly to $610K in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +25.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +95.6% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 94% against the previous year.
| Export of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 149 | 315 | 287 | 315 | 28.3% |
| Kyrgyzstan | 6.9 | 8.7 | 6.8 | 125 | 162.6% |
| Ukraine | 29.6 | 45.6 | 49.9 | 103 | 51.5% |
| United States | 7.6 | 15.1 | 10.8 | 25.1 | 48.9% |
| Belarus | 46.8 | 47.7 | 77.4 | 20.1 | -24.6% |
| Armenia | 27.6 | 26.1 | 6.6 | 6.2 | -39.2% |
| Azerbaijan | 22.3 | 49.9 | 67.5 | N/A | 74.0% |
| Others | 21.7 | 97.3 | 109 | 15.5 | -10.6% |
| Total | 312 | 605 | 615 | 610 | 25.0% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from Russia in 2022:
- Kazakhstan (230.9 tons)
- Kyrgyzstan (53.2 tons)
- Ukraine (48.9 tons)
- Belarus (6.9 tons)
- United States (6.6 tons)
- Armenia (2.2 tons)
Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Russia
For the third year in a row, Russia recorded decline in overseas purchases of refined cane or beet sugar (with added flavoring or coloring matter), which decreased by -65.6% to 310 tons in 2022. Over the period under review, imports saw a precipitous curtailment. The smallest decline of -15.6% was in 2020.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) skyrocketed to $1.3M in 2022. In general, imports saw a abrupt curtailment.
| Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 116 | 89.8 | 76.2 | 1,076 | 110.1% |
| Austria | 268 | 299 | 174 | 271 | 0.4% |
| Malawi | N/A | 123 | N/A | N/A | 0% |
| Colombia | 1,601 | 1,291 | 496 | N/A | -44.3% |
| Brazil | 123 | N/A | N/A | N/A | 0% |
| Others | 89.0 | 78.2 | 67.6 | N/A | -12.8% |
| Total | 2,199 | 1,881 | 813 | 1,347 | -15.1% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to Russia in 2022:
- Poland (246.7 tons)
- Austria (63.4 tons)
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