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

Contents:

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

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

The average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $932 per ton in October 2023, which is down by -5.2% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.2%. The pace of growth appeared the most rapid in November 2022 an increase of 21% month-to-month. Over the period under review, the average export prices attained the maximum at $1,107 per ton in March 2023; however, from April 2023 to October 2023, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In October 2023, the countries with the highest prices were Germany ($1,142 per ton) and Romania ($1,050 per ton), while the average price for exports to Austria ($854 per ton) and Poland ($883 per ton) were amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+3.4%), 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 the Czech Republic (CIF) - 2023

In October 2023, the average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $1,047 per ton, reducing by -6.4% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.3%. The pace of growth was the most pronounced in December 2022 when the average import price increased by 9.1% month-to-month. The import price peaked at $1,168 per ton in August 2023; however, from September 2023 to October 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Slovakia ($4,836 per ton), while the price for Bulgaria ($856 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 Slovakia (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, approx. 303K tons of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose were exported from the Czech Republic; surging by 7.7% on 2021 figures. The total export volume increased at an average annual rate of +3.6% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 17%. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose skyrocketed to $207M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +17.9% 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 +63.8% against 2019 indices. As a result, the exports reached 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 the Czech Republic in 2022:

1. Austria (65.3K tons)
2. Slovakia (52.6K tons)
3. Hungary (48.6K tons)
4. Poland (28.8K tons)
5. Romania (25.8K tons)
6. Italy (19.3K tons)
7. Germany (17.0K tons)
8. Slovenia (14.2K tons)
9. Bulgaria (8.2K tons)
10. France (3.9K tons)

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

In 2022, the amount of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose imported into the Czech Republic skyrocketed to 75K tons, picking up by 21% against the year before. In general, imports saw a relatively flat trend pattern.

In value terms, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose skyrocketed to $52M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.1% 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 +73.3% against 2019 indices. 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 the Czech Republic in 2022:

1. Poland (17.2K tons)
2. Austria (16.6K tons)
3. Germany (11.0K tons)
4. France (10.6K tons)
5. Ukraine (6.3K tons)
6. Slovakia (5.7K tons)
7. Bulgaria (4.1K tons)

Source: IndexBox Market Intelligence Platform