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

Contents:

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

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

The average import price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa stood at $4,778 per ton in October 2023, increasing by 12% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.3%. 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 Poland ($11,208 per ton), while the price for Italy ($3,835 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 France (+9.4%), 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 Portugal (FOB) - 2023

In October 2023, the average export price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa amounted to $5,584 per ton, increasing by 4.8% against the previous month. Over the period under review, export price indicated a modest expansion from October 2022 to October 2023: its price increased at an average monthly rate of +1.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa increased by +26.2% against June 2023 indices. The growth pace was the most rapid in April 2023 an increase of 32% month-to-month. As a result, the export price attained the peak level of $6,782 per ton. From May 2023 to October 2023, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Israel ($20,430 per ton), while the average price for exports to Canada ($3,342 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 Saudi Arabia (+21.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the amount of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa imported into Portugal skyrocketed to 19K tons, with an increase of 17% compared with 2021 figures. The total import volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa rose rapidly to $58M in 2022. The total import value increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Spain (13.0K tons)
2. Germany (2.7K tons)
3. France (0.8K tons)
4. Belgium (0.7K tons)
5. Netherlands (0.4K tons)
6. Italy (0.4K tons)

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

After two years of decline, overseas shipments of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa increased by 24% to 1.9K tons in 2022. Over the period under review, exports, however, showed a abrupt slump.

In value terms, exports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa surged to $8M in 2022. In general, exports, however, recorded a perceptible contraction.

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

1. Spain (967.2 tons)
2. Angola (151.3 tons)
3. Cabo Verde (145.8 tons)
4. France (105.2 tons)
5. Norway (56.7 tons)
6. Switzerland (52.1 tons)
7. United Kingdom (43.7 tons)
8. Luxembourg (43.6 tons)
9. Mozambique (37.2 tons)
10. United States (35.8 tons)
11. Canada (30.5 tons)

Source: IndexBox Market Intelligence Platform