Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Spain - 2023
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Spain (CIF) - 2022
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Spain (FOB) - 2022
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Spain
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Spain
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Spain (CIF) - 2022
The average import price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $1,942 per ton in 2022, picking up by 15% against the previous year. Over the period under review, the import price, however, recorded a perceptible downturn. The growth pace was the most rapid in 2014 when the average import price increased by 62% against the previous year. As a result, import price attained the peak level of $4,138 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
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 the United States ($2,859 per ton), while the price for Portugal ($373 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Spain (FOB) - 2022
The average export price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $3,012 per ton in 2022, falling by -20.1% against the previous year. In general, the export price continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2014 when the average export price increased by 45%. Over the period under review, the average export prices attained the maximum at $7,190 per ton in 2017; however, from 2018 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 Germany ($5,025 per ton), while the average price for exports to France ($1,288 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 Portugal (+2.8%), 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 Spain
In 2022, purchases abroad of refined cane or beet sugar (with added flavoring or coloring matter) decreased by -68.4% to 537 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a precipitous decline. The growth pace was the most rapid in 2020 with an increase of 31% against the previous year. As a result, imports attained the peak of 5.2K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) fell notably to $1M in 2022. Overall, imports recorded a sharp decline. The most prominent rate of growth was recorded in 2020 with an increase of 23% against the previous year. As a result, imports reached the peak of $12M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 457 | 555 | 452 | 559 | 6.9% |
| France | 7,614 | 10,723 | 1,944 | 197 | -70.4% |
| United States | 342 | 229 | 27.8 | 129 | -27.7% |
| Portugal | 181 | 145 | 56.3 | 28.9 | -45.7% |
| Netherlands | 77.4 | 62.3 | 103 | 25.5 | -30.9% |
| Italy | 676 | 68.2 | 21.4 | 22.3 | -67.9% |
| China | 8.6 | 3.2 | 0.8 | 16.4 | 24.0% |
| Others | 520 | 395 | 265 | 65.5 | -49.9% |
| Total | 9,876 | 12,180 | 2,870 | 1,043 | -52.7% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to Spain in 2022:
- Germany (297.2 tons)
- Portugal (77.4 tons)
- France (72.1 tons)
- United States (45.0 tons)
- China (10.5 tons)
- Netherlands (9.7 tons)
- Italy (4.0 tons)
Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Spain
After three years of growth, shipments abroad of refined cane or beet sugar (with added flavoring or coloring matter) decreased by -55.2% to 145 tons in 2022. Overall, exports saw a abrupt slump. The pace of growth appeared the most rapid in 2020 when exports increased by 35% against the previous year.
In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) reduced markedly to $436K in 2022. Over the period under review, exports showed a dramatic slump. The pace of growth appeared the most rapid in 2020 with an increase of 27%.
| Export of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Morocco | N/A | 96.4 | 256 | 233 | 55.5% |
| Norway | 743 | 865 | 882 | 90.0 | -50.5% |
| Germany | 0.9 | 0.1 | 0.1 | 50.0 | 281.6% |
| Switzerland | 11.0 | 19.3 | 28.1 | 23.4 | 28.6% |
| Portugal | 16.1 | 13.9 | 20.3 | 12.4 | -8.3% |
| France | 9.7 | 13.0 | 14.6 | 7.4 | -8.6% |
| Others | 73.6 | 81.4 | 17.0 | 19.2 | -36.1% |
| Total | 855 | 1,089 | 1,218 | 436 | -20.1% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from Spain in 2022:
- Morocco (92.6 tons)
- Norway (20.8 tons)
- Germany (10.0 tons)
- France (5.8 tons)
- Switzerland (5.3 tons)
- Portugal (4.7 tons)
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