Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Greece - 2023
Contents:
- Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Greece (CIF) - 2022
- Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Greece (FOB) - 2023
- Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Greece
- Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Greece
Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Greece (CIF) - 2022
The average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $676 per ton in 2022, surging by 31% against the previous year. Over the period under review, the import price, however, recorded a pronounced decline. The import price peaked at $860 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ukraine ($1,015 per ton), while the price for France ($395 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Greece (FOB) - 2023
In October 2023, the average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $1,132 per ton, declining by -23.6% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 an increase of 85% m-o-m. The export price peaked at $1,482 per ton in September 2023, and then declined dramatically in the following month.
Average prices varied noticeably for the major export markets. In October 2023, the country with the highest price was Bulgaria ($1,239 per ton), while the average price for exports to Cyprus ($1,111 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 Malta (+0.2%), while the prices for the other major destinations experienced a decline.
Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Greece
In 2022, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose into Greece soared to 361K tons, increasing by 19% against the year before. The total import volume increased at an average annual rate of +5.2% 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 attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose skyrocketed to $244M in 2022. In general, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 31.8 | 36.9 | 39.7 | 53.7 | 19.1% |
| Bulgaria | 9.7 | 11.7 | 19.4 | 48.9 | 71.5% |
| Belgium | 23.3 | 16.2 | 25.0 | 37.4 | 17.1% |
| Denmark | 3.1 | 11.9 | 13.1 | 14.3 | 66.5% |
| Netherlands | 2.2 | 5.4 | 8.1 | 10.9 | 70.5% |
| Ukraine | N/A | N/A | 0.1 | 10.0 | 9900.0% |
| Italy | 1.2 | 2.5 | 0.7 | 10.0 | 102.7% |
| France | 13.1 | 12.9 | 7.0 | 9.7 | -9.5% |
| Poland | 3.5 | 6.6 | 9.4 | 8.9 | 36.5% |
| Guatemala | 0.8 | N/A | 0.4 | 7.6 | 111.8% |
| Serbia | 2.6 | 4.1 | 16.5 | 5.3 | 26.8% |
| Croatia | 2.9 | 3.4 | 7.5 | 4.9 | 19.1% |
| El Salvador | 2.3 | 0.4 | 0.2 | 4.2 | 22.2% |
| Others | 33.7 | 37.5 | 9.1 | 18.0 | -18.9% |
| Total | 130 | 150 | 156 | 244 | 23.4% |
Top Suppliers of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose to Greece in 2022:
- Germany (93.1K tons)
- Bulgaria (53.1K tons)
- Belgium (52.7K tons)
- Denmark (32.1K tons)
- France (24.5K tons)
- Poland (15.7K tons)
- Italy (14.4K tons)
- Netherlands (13.7K tons)
- Guatemala (10.3K tons)
- Ukraine (9.8K tons)
- Serbia (6.7K tons)
- Croatia (6.1K tons)
- El Salvador (6.0K tons)
Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Greece
In 2022, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose from Greece declined rapidly to 11K tons, which is down by -19% against the previous year. In general, exports showed a abrupt contraction. The smallest decline of -1.9% was in 2021.
In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose fell dramatically to $7.4M in 2022. Overall, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. As a result, the exports attained the peak of $10M, and then dropped notably in the following year.
| Export of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bulgaria | 8.1 | 5.2 | 8.6 | 4.5 | -17.8% |
| Cyprus | 1.1 | 1.7 | 1.7 | 2.6 | 33.2% |
| Others | 0.5 | 0.1 | 0.1 | 0.3 | -15.7% |
| Total | 9.7 | 7.0 | 10.4 | 7.4 | -8.6% |
Top Export Markets for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose from Greece in 2022:
- Bulgaria (8.0K tons)
- Cyprus (3.0K tons)
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