Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Sweden - 2023
Contents:
- Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Sweden (CIF) - 2023
- Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Sweden (FOB) - 2023
- Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Sweden
- Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Sweden
Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Sweden (CIF) - 2023
In October 2023, the average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $2,067 per ton, rising by 84% against the previous month. In general, the import price recorded resilient growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In October 2023, the country with the highest price was the UK ($1,765 per ton), while the price for Iran amounted to $1,378 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Belgium (+17.2%), 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 Sweden (FOB) - 2023
The average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $966 per ton in October 2023, falling by -5.7% against the previous month. In general, export price indicated a prominent increase from October 2022 to October 2023: its price increased at an average monthly rate of +5.1% 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 increased by +9.7% against May 2023 indices. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 80% month-to-month. The export price peaked at $1,438 per ton in February 2023; however, from March 2023 to October 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In October 2023, the country with the highest price was Norway ($982 per ton), while the average price for exports to Israel stood at $829 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+15.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Sweden
In 2022, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose into Sweden surged to 36K tons, increasing by 41% against the year before. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +18.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.4% against 2019 indices. 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 soared to $32M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +19.6% 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 +71.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 24%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.
| Import of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 6.8 | 5.8 | 6.7 | 15.6 | 31.9% |
| Lithuania | 1.0 | 2.4 | 7.5 | 5.4 | 75.4% |
| Finland | 1.9 | 2.1 | 2.5 | 3.1 | 17.7% |
| Germany | 3.1 | 3.2 | 3.4 | 1.9 | -15.1% |
| Poland | 0.5 | 1.1 | 1.2 | 1.3 | 37.5% |
| Belgium | 1.1 | 1.7 | 1.5 | 1.3 | 5.7% |
| Netherlands | 0.8 | 0.7 | 0.6 | 0.9 | 4.0% |
| Others | 3.2 | 3.4 | 2.2 | 2.1 | -13.1% |
| Total | 18.5 | 20.6 | 25.6 | 31.6 | 19.5% |
Top Suppliers of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose to Sweden in 2022:
- Denmark (21.6K tons)
- Lithuania (4.7K tons)
- Finland (2.4K tons)
- Poland (2.1K tons)
- Germany (1.9K tons)
- Belgium (1.8K tons)
- Netherlands (0.6K tons)
Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Sweden
In 2022, shipments abroad of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose decreased by -18.1% to 40K tons, falling for the second year in a row after two years of growth. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +13.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -21.6% against 2020 indices. The pace of growth was the most pronounced in 2020 when exports increased by 87%. As a result, the exports reached the peak of 51K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose declined to $25M in 2022. The total export value increased at an average annual rate of +2.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 36%. As a result, the exports reached the peak of $32M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 13.0 | 10.6 | 7.8 | 7.9 | -15.3% |
| Finland | 1.9 | 7.4 | 9.9 | 6.7 | 52.2% |
| Norway | 0.8 | 3.1 | 1.3 | 3.0 | 55.4% |
| Lithuania | 2.0 | 2.3 | 0.9 | 2.5 | 7.7% |
| Latvia | N/A | 0.1 | N/A | 1.7 | 312.3% |
| Germany | 2.6 | 1.9 | 2.0 | 1.5 | -16.8% |
| Estonia | 0.4 | 0.2 | 0.2 | 0.7 | 20.5% |
| Poland | 0.6 | 4.2 | 0.7 | 0.1 | -45.0% |
| Israel | 0.1 | 1.5 | 3.0 | N/A | 447.7% |
| Others | 2.3 | 0.9 | 0.6 | 1.3 | -17.3% |
| Total | 23.7 | 32.2 | 26.4 | 25.5 | 2.5% |
Top Export Markets for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose from Sweden in 2022:
- Finland (14.6K tons)
- Denmark (10.4K tons)
- Lithuania (5.0K tons)
- Norway (4.9K tons)
- Latvia (1.3K tons)
- Germany (1.3K tons)
- Estonia (1.2K tons)
- Poland (0.1K tons)
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