Price for Sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa in Luxembourg - 2023

Contents:

1. Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Luxembourg (CIF) - 2023
2. Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Luxembourg (FOB) - 2022
3. Imports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Luxembourg
4. Exports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Luxembourg

Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Luxembourg (CIF) - 2023

The average import price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa stood at $14,450 per ton in October 2023, picking up by 83% against the previous month. Overall, import price indicated buoyant growth from October 2022 to October 2023: its price increased at an average monthly rate of +7.0% 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 sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa increased by +102.3% against July 2023 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the United States ($28,571 per ton), while the price for Switzerland stood at $14,100 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the United States (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Luxembourg (FOB) - 2022

The average export price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa stood at $8,828 per ton in 2022, increasing by 15% against the previous year. In general, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa increased by +63.6% against 2020 indices. The growth pace was the most rapid in 2021 when the average export price increased by 42% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($32,167 per ton), while the average price for exports to Belgium ($5,206 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 Malaysia (+10.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Luxembourg

In 2022, approx. 2.3K tons of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa were imported into Luxembourg; almost unchanged from the previous year's figure. Over the period under review, imports, however, saw a slight reduction. The pace of growth was the most pronounced in 2021 with an increase of 2.3% against the previous year.

In value terms, imports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa shrank to $16M in 2022. Overall, imports, however, recorded a mild shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 12% against the previous year. As a result, imports reached the peak of $17M, and then dropped in the following year.

Top Suppliers of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa to Luxembourg in 2022:

1. Belgium (1217.4 tons)
2. Germany (384.2 tons)
3. Netherlands (384.0 tons)
4. France (252.1 tons)

Exports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Luxembourg

In 2022, overseas shipments of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa decreased by -17.5% to 88 tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +1.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 38%. As a result, the exports reached the peak of 116 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa contracted to $776K in 2022. The total export value increased at an average annual rate of +4.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 30% against the previous year. As a result, the exports attained the peak of $819K, and then dropped in the following year.

Top Export Markets for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa from Luxembourg in 2022:

1. France (43.5 tons)
2. Belgium (30.9 tons)
3. Germany (6.9 tons)
4. Malaysia (1.4 tons)

Source: IndexBox Market Intelligence Platform