Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in France - 2023

Contents:

1. Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in France (FOB) - 2023
2. Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in France (CIF) - 2023
3. Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in France
4. Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in France

Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in France (FOB) - 2023

The average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $871 per ton in October 2023, with a decrease of -11% against the previous month. Over the period under review, export price indicated a moderate expansion from October 2022 to October 2023: its price increased at an average monthly rate of +3.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose decreased by -14.0% against August 2023 indices. The most prominent rate of growth was recorded in January 2023 an increase of 24% m-o-m. Over the period under review, the average export prices attained the maximum at $1,012 per ton in August 2023; however, from September 2023 to October 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($1,136 per ton), while the average price for exports to Burkina Faso ($732 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 Belgium (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in France (CIF) - 2023

The average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $807 per ton in October 2023, dropping by -34.4% against the previous month. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 an increase of 15% against the previous month. Over the period under review, average import prices attained the maximum at $1,243 per ton in June 2023; however, from July 2023 to October 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Ukraine ($1,272 per ton), while the price for Algeria ($520 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 Italy (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in France

After two years of decline, overseas shipments of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose increased by 27% to 1.9M tons in 2022. In general, exports, however, recorded a deep downturn.

In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose surged to $1.1B in 2022. The total export value increased at an average annual rate of +6.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose from France in 2022:

1. Italy (474.2K tons)
2. Spain (440.0K tons)
3. Belgium (271.3K tons)
4. United Kingdom (187.2K tons)
5. Germany (123.7K tons)
6. Netherlands (46.7K tons)
7. Albania (35.2K tons)
8. Ireland (32.8K tons)
9. Israel (24.0K tons)

Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in France

In 2022, purchases abroad of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose decreased by -10.2% to 233K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 11%. As a result, imports attained the peak of 259K tons, and then dropped in the following year.

In value terms, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose dropped modestly to $190M in 2022. The total import value increased at an average annual rate of +8.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 18%.

Top Suppliers of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose to France in 2022:

1. Germany (76.9K tons)
2. Belgium (35.5K tons)
3. Netherlands (31.3K tons)
4. Spain (20.6K tons)
5. Mauritius (16.4K tons)
6. Brazil (10.5K tons)
7. Italy (6.9K tons)
8. Colombia (5.7K tons)
9. Thailand (4.0K tons)
10. Czech Republic (3.8K tons)
11. Algeria (3.6K tons)
12. United Kingdom (1.8K tons)

Source: IndexBox Market Intelligence Platform