Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Switzerland - 2023
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Switzerland (CIF) - 2023
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Switzerland (FOB) - 2022
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Switzerland
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Switzerland
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Switzerland (CIF) - 2023
The average import price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $11,310 per ton in December 2023, growing by 9.5% against the previous month. In general, the import price recorded a mild increase. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 154% against the previous month. As a result, import price reached the peak level of $12,884 per ton. From March 2023 to December 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 December 2023, the country with the highest price was the United States ($18,670 per ton), while the price for Austria ($3,217 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Italy (+14.3%), 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 Switzerland (FOB) - 2022
In 2022, the average export price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $1,798 per ton, falling by -61% against the previous year. Overall, the export price saw a abrupt curtailment. The growth pace was the most rapid in 2013 an increase of 323% against the previous year. Over the period under review, the average export prices reached the maximum at $27,304 per ton in 2014; however, from 2015 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 Spain ($5,239 per ton), while the average price for exports to Germany ($1,615 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 Spain (+0.6%), while the prices for the other major destinations experienced a decline.
Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Switzerland
After three years of growth, supplies from abroad of refined cane or beet sugar (with added flavoring or coloring matter) decreased by -27.8% to 347 tons in 2022. In general, imports saw a perceptible decrease. The most prominent rate of growth was recorded in 2020 with an increase of 12%.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) shrank markedly to $2.7M in 2022. Over the period under review, imports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2020 when imports increased by 24%. As a result, imports attained the peak of $4.5M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,796 | 2,661 | 2,448 | 1,956 | 2.9% |
| France | 1,208 | 1,380 | 1,031 | 504 | -25.3% |
| Austria | 68.6 | 120 | 136 | 120 | 20.5% |
| Belgium | 52.1 | 36.7 | 40.0 | 31.1 | -15.8% |
| United States | 132 | 236 | 86.2 | 19.9 | -46.8% |
| Others | 415 | 110 | 117 | 80.4 | -42.1% |
| Total | 3,671 | 4,544 | 3,858 | 2,712 | -9.6% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to Switzerland in 2022:
- Germany (219.0 tons)
- France (54.1 tons)
- Austria (37.3 tons)
- Belgium (18.4 tons)
- United States (1.2 tons)
Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Switzerland
In 2022, the amount of refined cane or beet sugar (with added flavoring or coloring matter) exported from Switzerland soared to 3 tons, growing by 366% compared with the year before. Overall, exports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 12,580%.
In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) soared to $5.3K in 2022. In general, exports, however, continue to indicate a precipitous shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 5,408%.
| Export of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | N/A | N/A | 0.7 | 4.2 | 500.0% |
| Germany | 3.0 | N/A | N/A | 0.6 | -41.5% |
| Spain | N/A | N/A | N/A | 0.4 | 0% |
| Saint Maarten (Dutch part) | 2.6 | N/A | N/A | N/A | 0% |
| United Arab Emirates | 7.5 | 0.1 | 2.1 | N/A | -47.1% |
| Others | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Total | 13.1 | 0.1 | 2.9 | 5.3 | -26.0% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from Switzerland in 2022:
- United Kingdom (2492.0 kg)
- Germany (369.0 kg)
- Spain (71.0 kg)
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