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

Contents:

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

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

In October 2023, the average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $1,003 per ton, flattening at the previous month. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 when the average export price increased by 15% against the previous month. Over the period under review, the average export prices reached the maximum at $1,122 per ton in April 2023; however, from May 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 Sweden ($1,375 per ton), while the average price for exports to Hungary ($895 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 Estonia (+3.0%), 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 Lithuania (CIF) - 2023

In October 2023, the average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $977 per ton, with a decrease of -4.9% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +2.5%. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 21% m-o-m. The import price peaked at $1,154 per ton in July 2023; however, from August 2023 to October 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was Poland ($998 per ton), while the price for Portugal ($840 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 Poland (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the amount of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose exported from Lithuania dropped notably to 77K tons, waning by -26.9% compared with 2021. In general, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. As a result, the exports reached the peak of 105K tons, and then contracted markedly in the following year.

In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose contracted slightly to $62M in 2022. The total export value increased at an average annual rate of +8.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 23%. As a result, the exports attained the peak of $63M, and then contracted modestly in the following year.

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

1. Latvia (26.9K tons)
2. Poland (15.4K tons)
3. Estonia (9.7K tons)
4. Italy (8.2K tons)
5. Sweden (4.7K tons)
6. Spain (2.4K tons)
7. Netherlands (2.2K tons)
8. Germany (0.5K tons)

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

In 2022, the amount of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose imported into Lithuania soared to 32K tons, growing by 53% on 2021 figures. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +10.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.2% against 2020 indices. As a result, imports reached 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 $23M in 2022. In general, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Poland (20.3K tons)
2. Sweden (5.2K tons)
3. Ukraine (2.1K tons)
4. Finland (1.0K tons)
5. Paraguay (1.0K tons)
6. Colombia (0.6K tons)
7. Latvia (0.5K tons)
8. Denmark (0.4K tons)
9. Germany (0.4K tons)

Source: IndexBox Market Intelligence Platform