Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Serbia - 2023
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Serbia (FOB) - 2022
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Serbia (CIF) - 2022
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Serbia
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Serbia
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Serbia (FOB) - 2022
The average export price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $3,139 per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price showed a slight reduction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 12% against the previous year. The export price peaked at $3,561 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Albania ($4,308 per ton), while the average price for exports to Croatia ($2,057 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 Bosnia and Herzegovina (+0.9%), 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 Serbia (CIF) - 2022
The average import price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $4,737 per ton in 2022, with an increase of 29% against the previous year. Overall, the import price saw a strong expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by 73%. The import price peaked in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($7,224 per ton), while the price for Costa Rica ($1,044 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+48.8%), 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 Serbia
In 2022, shipments abroad of refined cane or beet sugar (with added flavoring or coloring matter) decreased by -14.2% to 106 tons, falling for the second consecutive year after two years of growth. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 15%. As a result, the exports reached the peak of 124 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) contracted to $334K in 2022. The total export value increased at an average annual rate of +2.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 28% against the previous year. As a result, the exports reached the peak of $395K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Montenegro | 122 | 130 | 143 | 130 | 2.1% |
| North Macedonia | 65.0 | 90.4 | 96.8 | 64.7 | -0.2% |
| Albania | 31.2 | 63.5 | 51.8 | 54.8 | 20.7% |
| Croatia | 37.7 | 33.2 | 38.2 | 36.6 | -1.0% |
| Bosnia and Herzegovina | 42.2 | 48.4 | 42.0 | 28.8 | -12.0% |
| Australia | 2.1 | 4.9 | 5.2 | 7.6 | 53.5% |
| Canada | 3.7 | 8.5 | 8.3 | 7.4 | 26.0% |
| Others | 3.7 | 17.0 | 5.4 | 4.0 | 2.6% |
| Total | 308 | 395 | 391 | 334 | 2.7% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from Serbia in 2022:
- Montenegro (40.2 tons)
- North Macedonia (21.2 tons)
- Croatia (17.8 tons)
- Albania (12.7 tons)
- Bosnia and Herzegovina (9.4 tons)
- Australia (2.3 tons)
- Canada (1.8 tons)
Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Serbia
In 2022, overseas purchases of refined cane or beet sugar (with added flavoring or coloring matter) were finally on the rise to reach 9.5 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a dramatic setback.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) surged to $45K in 2022. Overall, imports, however, continue to indicate a abrupt decrease.
| Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | 3.9 | 34.7 | 789.7% |
| Bosnia and Herzegovina | 23.7 | 0.8 | 2.0 | 4.0 | -44.7% |
| Costa Rica | N/A | N/A | N/A | 3.1 | 0% |
| Germany | 10.0 | 7.5 | 5.8 | 2.1 | -40.6% |
| Mauritius | 27.9 | 12.1 | 0.7 | 0.6 | -72.2% |
| Others | 1.9 | 2.1 | 1.3 | 0.4 | -40.5% |
| Total | 63.5 | 22.5 | 13.8 | 44.8 | -11.0% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to Serbia in 2022:
- China (4.8 tons)
- Costa Rica (3.0 tons)
- Bosnia and Herzegovina (0.9 tons)
- Germany (0.6 tons)
- Mauritius (0.2 tons)
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