Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in the Netherlands - 2023
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in the Netherlands (CIF) - 2023
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in the Netherlands (FOB) - 2023
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in the Netherlands
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in the Netherlands
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in the Netherlands (CIF) - 2023
In October 2023, the average import price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $4,808 per ton, picking up by 145% against the previous month. Overall, the import price recorded resilient growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was South Africa ($10,623 per ton), while the price for Iran ($1,220 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 South Africa (+403.9%), 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 the Netherlands (FOB) - 2023
The average export price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $8,458 per ton in October 2023, with an increase of 75% against the previous month. In general, the export price saw a remarkable increase. The pace of growth was the most pronounced in November 2022 when the average export price increased by 86% month-to-month. Over the period under review, the average export prices reached the peak figure in October 2023.
There were significant differences in the average prices for the major foreign markets. In October 2023, the country with the highest price was the United Arab Emirates ($28,500 per ton), while the average price for exports to Suriname ($5,432 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 the United Arab Emirates (+29.1%), 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 the Netherlands
In 2022, overseas purchases of refined cane or beet sugar (with added flavoring or coloring matter) decreased by -17.9% to 3.7K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 83%.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) shrank to $6.4M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +19.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 43%.
| Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in the Netherlands (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,583 | 3,447 | 3,416 | 2,936 | 22.9% |
| Belgium | 612 | 537 | 2,304 | 2,205 | 53.3% |
| Sweden | 12.6 | 22.7 | 1.7 | 388 | 213.4% |
| France | 174 | 176 | 234 | 289 | 18.4% |
| United Kingdom | 501 | 188 | 174 | 171 | -30.1% |
| Hungary | 460 | 534 | 0.2 | 3.1 | -81.1% |
| Others | 403 | 448 | 598 | 367 | -3.1% |
| Total | 3,744 | 5,353 | 6,727 | 6,359 | 19.3% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to the Netherlands in 2022:
- Belgium (1662.5 tons)
- Germany (1431.8 tons)
- France (145.0 tons)
- Sweden (129.1 tons)
- United Kingdom (115.3 tons)
- Hungary (1.1 tons)
Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in the Netherlands
In 2022, shipments abroad of refined cane or beet sugar (with added flavoring or coloring matter) decreased by -0.9% to 1.7K tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a dramatic decline. The most prominent rate of growth was recorded in 2020 with an increase of 7.9%. As a result, the exports attained the peak of 4.6K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) expanded sharply to $4.6M in 2022. In general, exports saw a sharp curtailment.
| Export of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in the Netherlands (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 1,166 | 1,694 | 1,370 | 1,432 | 7.1% |
| Germany | 2,533 | 2,516 | 757 | 1,081 | -24.7% |
| Denmark | 246 | N/A | 1,137 | 656 | 38.7% |
| France | 459 | 331 | 165 | 261 | -17.2% |
| Spain | 908 | 804 | 102 | 211 | -38.5% |
| Italy | 489 | 318 | 41.1 | 182 | -28.1% |
| Iceland | 76.8 | 50.0 | 172 | 128 | 18.6% |
| Austria | 93.1 | 113 | 13.6 | 98.5 | 1.9% |
| Slovakia | 301 | 278 | 0.6 | 96.4 | -31.6% |
| United Kingdom | 3,175 | 3,002 | 137 | 93.0 | -69.2% |
| Poland | 310 | 406 | 55.3 | 64.0 | -40.9% |
| Others | 497 | 743 | 441 | 331 | -12.7% |
| Total | 10,254 | 10,255 | 4,393 | 4,634 | -23.3% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from the Netherlands in 2022:
- Belgium (556.8 tons)
- Germany (407.7 tons)
- Denmark (204.6 tons)
- France (110.1 tons)
- Spain (79.2 tons)
- Italy (71.1 tons)
- Slovakia (45.0 tons)
- Iceland (36.3 tons)
- Austria (35.1 tons)
- United Kingdom (32.7 tons)
- Poland (24.8 tons)
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