Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Slovakia - 2023
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Slovakia (CIF) - 2023
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Slovakia (FOB) - 2023
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Slovakia
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Slovakia
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Slovakia (CIF) - 2023
The average import price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $3,781 per ton in August 2023, picking up by 21% against the previous month. Overall, import price indicated a notable expansion from August 2022 to August 2023: its price increased at an average monthly rate of +3.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, import price for refined cane or beet sugar (with added flavoring or coloring matter) increased by +39.0% against January 2023 indices. The pace of growth was the most pronounced in January 2023 an increase of 48% against the previous month. Over the period under review, average import prices reached the maximum in August 2023.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the Netherlands ($13,400 per ton), while the price for Hungary ($3,016 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+27.7%), 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 Slovakia (FOB) - 2023
The average export price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $7,261 per ton in October 2023, picking up by 127% against the previous month. Overall, the export price showed a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($7,533 per ton), while the average price for exports to Switzerland totaled $899 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Slovakia
In 2022, overseas purchases of refined cane or beet sugar (with added flavoring or coloring matter) decreased by -12.5% to 813 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 10% against the previous year. As a result, imports reached the peak of 929 tons, and then reduced in the following year.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) declined significantly to $1.7M in 2022. Over the period under review, imports recorded a mild reduction. The pace of growth was the most pronounced in 2021 when imports increased by 11% against the previous year. As a result, imports attained the peak of $2.1M, and then contracted remarkably in the following year.
| Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 1,566 | 1,734 | 1,915 | 1,587 | 0.4% |
| Poland | 92.9 | 105 | 141 | 30.2 | -31.2% |
| Others | 129 | 78.3 | 78.4 | 86.9 | -12.3% |
| Total | 1,788 | 1,918 | 2,135 | 1,704 | -1.6% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to Slovakia in 2022:
- Czech Republic (767.8 tons)
- Poland (12.5 tons)
Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Slovakia
After three years of growth, overseas shipments of refined cane or beet sugar (with added flavoring or coloring matter) decreased by -7.2% to 471 tons in 2022. The total export volume increased at an average annual rate of +4.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 17% against the previous year.
In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) shrank to $905K in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +18.6% 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 +66.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 43%.
| Export of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 380 | 548 | 646 | 547 | 12.9% |
| Romania | N/A | 7.7 | 74.1 | 116 | 288.1% |
| Hungary | 87.4 | 91.3 | 97.3 | 115 | 9.6% |
| Poland | 59.4 | 108 | 66.9 | 97.8 | 18.1% |
| Others | 15.6 | 22.5 | 23.0 | 29.1 | 23.1% |
| Total | 543 | 777 | 908 | 905 | 18.6% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from Slovakia in 2022:
- Czech Republic (291.0 tons)
- Hungary (68.3 tons)
- Romania (54.0 tons)
- Poland (48.8 tons)
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