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

Contents:

1. Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Luxembourg (CIF) - 2023
2. Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Luxembourg (FOB) - 2022
3. Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Luxembourg
4. Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Luxembourg

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

The average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $5,326 per ton in October 2023, growing by 278% against the previous month. In general, the import price enjoyed resilient growth. 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 UK ($30,645 per ton), while the price for Mauritius amounted to $3,216 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the UK (+10.7%), 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 Luxembourg (FOB) - 2022

The average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $913 per ton in 2022, dropping by -8.8% against the previous year. Over the period under review, the export price recorded a deep downturn. The most prominent rate of growth was recorded in 2019 an increase of 7.8%. Over the period under review, the average export prices hit record highs at $1,935 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($968 per ton), while the average price for exports to Belgium ($805 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 Germany (-4.2%), while the prices for the other major destinations experienced a decline.

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

In 2022, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose into Luxembourg expanded slightly to 4.7K tons, with an increase of 1.6% against 2021. The total import volume increased at an average annual rate of +4.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of 15%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose expanded rapidly to $5.1M in 2022. The total import value increased at an average annual rate of +10.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached 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 Luxembourg in 2022:

1. Belgium (2721.4 tons)
2. Germany (805.1 tons)
3. France (679.4 tons)
4. Netherlands (111.8 tons)

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

In 2022, the amount of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose exported from Luxembourg soared to 775 tons, with an increase of 42% on 2021. Over the period under review, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 48%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose skyrocketed to $708K in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +9.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 33% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

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

1. France (407.1 tons)
2. Belgium (268.4 tons)
3. Germany (93.5 tons)

Source: IndexBox Market Intelligence Platform