Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Turkey - 2023
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Turkey (FOB) - 2022
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Turkey (CIF) - 2022
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Turkey
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Turkey
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Turkey (FOB) - 2022
In 2022, the average export price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $1,409 per ton, shrinking by -15.8% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 48%. Over the period under review, the average export prices hit record highs at $3,063 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Azerbaijan ($3,373 per ton), while the average price for exports to Uganda ($297 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 Canada (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Turkey (CIF) - 2022
The average import price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $1,266 per ton in 2022, waning by -57.1% against the previous year. In general, the import price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 466% against the previous year. As a result, import price reached the peak level of $19,000 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($6,429 per ton), while the price for Iran ($944 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+19.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Turkey
Exports of refined cane or beet sugar (with added flavoring or coloring matter) from Turkey declined notably to 26 tons in 2022, falling by -54.7% on 2021. Over the period under review, exports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 43%.
In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) declined notably to $37K in 2022. Overall, exports showed a sharp decline. The most prominent rate of growth was recorded in 2021 when exports increased by 15%.
| Export of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 0.6 | 10.6 | 17.6 | 441.6% |
| Azerbaijan | 32.5 | 14.3 | 45.9 | 13.1 | -26.1% |
| Syrian Arab Republic | N/A | N/A | 21.7 | 2.5 | -88.5% |
| Russia | N/A | 0.7 | N/A | 0.7 | 0.0% |
| Uganda | N/A | N/A | N/A | 0.6 | 0% |
| Cyprus | 5.1 | 4.3 | 3.1 | N/A | -22.0% |
| Iraq | 22.1 | 35.4 | 0.1 | N/A | -93.3% |
| France | 3.1 | N/A | 0.9 | N/A | -46.1% |
| Oman | N/A | N/A | 4.1 | N/A | 0% |
| Libya | 96.6 | 15.0 | 0.2 | N/A | -95.4% |
| Georgia | 7.8 | N/A | N/A | N/A | 0% |
| Others | 16.4 | 13.3 | 9.8 | 2.3 | -48.0% |
| Total | 184 | 83.7 | 96.5 | 36.8 | -41.5% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from Turkey in 2022:
- United States (18.7 tons)
- Azerbaijan (3.9 tons)
- Uganda (2.0 tons)
- Russia (0.5 tons)
Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Turkey
In 2022, the amount of refined cane or beet sugar (with added flavoring or coloring matter) imported into Turkey surged to 21 tons, with an increase of 298% against the previous year. In general, imports showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 8,593%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) skyrocketed to $27K in 2022. Over the period under review, imports posted a buoyant increase. The pace of growth was the most pronounced in 2021 when imports increased by 6,771%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | N/A | N/A | 2.6 | 17.6 | 576.9% |
| Germany | 0.3 | N/A | N/A | 8.9 | 209.6% |
| United Kingdom | N/A | N/A | 3.0 | 0.1 | -96.7% |
| Austria | 16.7 | 0.2 | 5.2 | N/A | -44.2% |
| France | N/A | N/A | 1.0 | N/A | 0% |
| United Arab Emirates | N/A | N/A | 3.7 | N/A | 0% |
| Others | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 16.9 | 0.2 | 15.7 | 26.7 | 16.5% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to Turkey in 2022:
- Iran (18.7 tons)
- Germany (2.4 tons)
- United Kingdom (0.1 tons)
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