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

Contents:

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

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

In December 2023, the average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $1,065 per ton, approximately equating the previous month. Over the period under review, the import price saw a measured increase. The pace of growth appeared the most rapid in January 2023 an increase of 212% month-to-month. As a result, import price reached the peak level of $2,552 per ton. From February 2023 to December 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Swaziland ($1,304 per ton), while the price for Paraguay ($781 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Poland (+3.3%), 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 Switzerland (FOB) - 2022

The average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $926 per ton in 2022, shrinking by -20.9% against the previous year. Over the period under review, the export price showed a pronounced reduction. The pace of growth was the most pronounced in 2013 when the average export price increased by 70%. The export price peaked at $2,802 per ton in 2019; however, from 2020 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 Belgium ($1,671 per ton), while the average price for exports to Austria ($340 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 Egypt (+2.2%), while the prices for the other major destinations experienced a decline.

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

In 2022, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose into Switzerland expanded markedly to 84K tons, picking up by 9.2% compared with the year before. The total import volume increased at an average annual rate of +6.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 25% against the previous year. Over the period under review, imports of attained the maximum in 2022 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 surged to $54M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +16.0% 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 +56.1% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 27%. Imports peaked in 2022 and are likely to see steady growth in years to come.

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

1. Germany (47.8K tons)
2. Poland (13.8K tons)
3. France (11.6K tons)
4. Paraguay (5.9K tons)
5. Costa Rica (3.1K tons)

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

Exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose from Switzerland soared to 3.8K tons in 2022, rising by 38% compared with 2021 figures. Overall, exports saw significant growth. The growth pace was the most rapid in 2020 when exports increased by 321%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $3.5M in 2022. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 149%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the near future.

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

1. Germany (1385.8 tons)
2. Spain (936.1 tons)
3. France (697.2 tons)
4. Belgium (214.7 tons)
5. Austria (183.0 tons)
6. Egypt (115.8 tons)
7. Italy (67.9 tons)

Source: IndexBox Market Intelligence Platform