Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Norway - 2024

Contents:

1. Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Norway (CIF) - 2024
2. Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Norway (FOB) - 2022
3. Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Norway
4. Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Norway

Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Norway (CIF) - 2024

In January 2024, the average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $1,052 per ton, approximately reflecting the previous month. Over the last twelve months, it increased at an average monthly rate of +2.5%. The most prominent rate of growth was recorded in December 2023 when the average import price increased by 5.7% against the previous month. The import price peaked in January 2024.

Average prices varied noticeably amongst the major supplying countries. In January 2024, the country with the highest price was the UK ($1,068 per ton), while the price for Denmark totaled $1,044 per ton.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Denmark (+2.6%).

Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Norway (FOB) - 2022

The average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $1,494 per ton in 2022, with an increase of 89% against the previous year. Over the period under review, the export price recorded moderate growth. Over the period under review, the average export prices reached the peak figure at $1,721 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($3,097 per ton), while the average price for exports to Denmark ($633 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 Singapore (+2.1%), while the prices for the other major destinations experienced a decline.

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

In 2022, purchases abroad of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose decreased by -9.8% to 102K tons, falling for the second consecutive year after two years of growth. Overall, imports showed a slight contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 7.9% against the previous year. As a result, imports reached the peak of 115K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose dropped slightly to $73M in 2022. The total import value increased at an average annual rate of +7.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 16%. As a result, imports attained the peak of $74M, and then contracted in the following year.

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

1. Denmark (87.0K tons)
2. United Kingdom (13.9K tons)

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

In 2022, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose from Norway skyrocketed to 84 tons, growing by 34% against the previous year. The total export volume increased at an average annual rate of +5.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose soared to $125K in 2022. In general, exports continue to indicate a resilient increase. 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 Norway in 2022:

1. Denmark (43.0 tons)
2. Sweden (26.9 tons)
3. United Kingdom (6.9 tons)
4. Singapore (5.5 tons)

Source: IndexBox Market Intelligence Platform