Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Sweden - 2023
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Sweden (CIF) - 2023
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Sweden (FOB) - 2023
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Sweden
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Sweden
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Sweden (CIF) - 2023
In October 2023, the average import price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $1,904 per ton, falling by -13.8% against the previous month. Over the period under review, import price indicated a mild increase from October 2022 to October 2023: its price increased at an average monthly rate of +1.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for refined cane or beet sugar (with added flavoring or coloring matter) decreased by -36.0% against July 2023 indices. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 49% m-o-m. As a result, import price reached the peak level of $2,976 per ton. From August 2023 to October 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Turkey ($6,650 per ton), while the price for the UK ($821 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Denmark (+3.5%), 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 Sweden (FOB) - 2023
In October 2023, the average export price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $4,915 per ton, growing by 62% against the previous month. Overall, export price indicated temperate growth from October 2022 to October 2023: its price increased at an average monthly rate of +2.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for refined cane or beet sugar (with added flavoring or coloring matter) increased by +61.6% against September 2023 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In October 2023, the country with the highest price was Faroe Islands ($28,794 per ton), while the average price for exports to Greenland ($2,724 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+9.7%), 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 Sweden
In 2022, imports of refined cane or beet sugar (with added flavoring or coloring matter) into Sweden reached 2K tons, growing by 4.8% compared with the year before. Overall, imports, however, continue to indicate a perceptible downturn. The growth pace was the most rapid in 2021 when imports increased by 5.8%.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) totaled $3.3M in 2022. The total import value increased at an average annual rate of +3.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 7.8%. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in years to come.
| Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 1,510 | 1,380 | 1,656 | 1,582 | 1.6% |
| Latvia | 994 | 1,173 | 1,278 | 1,331 | 10.2% |
| Poland | 1.0 | 0.2 | 0.2 | 169 | 452.9% |
| Estonia | 186 | 123 | 120 | 90.2 | -21.4% |
| Others | 292 | 380 | 242 | 156 | -18.9% |
| Total | 2,983 | 3,057 | 3,296 | 3,328 | 3.7% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to Sweden in 2022:
- Denmark (1444.1 tons)
- Latvia (398.0 tons)
- Poland (37.0 tons)
- Estonia (31.0 tons)
Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Sweden
Exports of refined cane or beet sugar (with added flavoring or coloring matter) from Sweden reduced rapidly to 377 tons in 2022, waning by -20.5% on the previous year. Over the period under review, exports showed a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 7.5%.
In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) reduced sharply to $1.5M in 2022. Overall, exports showed a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 5.9%.
| Export of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 1,780 | 1,533 | 1,457 | 1,074 | -15.5% |
| Finland | 435 | 321 | 292 | 192 | -23.9% |
| Norway | 167 | 119 | 131 | 75.7 | -23.2% |
| Estonia | 118 | 68.3 | 57.1 | 44.1 | -28.0% |
| Latvia | N/A | N/A | 97.7 | 23.1 | -76.4% |
| Portugal | N/A | N/A | N/A | 11.2 | 0% |
| Belgium | N/A | N/A | N/A | 9.0 | 0% |
| Germany | 21.9 | 45.2 | 184 | 8.3 | -27.6% |
| Others | 71.7 | 23.9 | 16.4 | 16.5 | -38.7% |
| Total | 2,594 | 2,110 | 2,235 | 1,454 | -17.5% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from Sweden in 2022:
- Denmark (207.0 tons)
- Finland (101.0 tons)
- Norway (21.0 tons)
- Estonia (15.0 tons)
- Portugal (11.0 tons)
- Latvia (7.0 tons)
- Belgium (7.0 tons)
- Germany (2.7 tons)
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