Austria - Sugar - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSugar Price in Austria - 2023
Contents:
- Sugar Price in Austria (CIF) - 2023
- Sugar Price in Austria (FOB) - 2023
- Sugar Imports in Austria
- Sugar Exports in Austria
Sugar Price in Austria (CIF) - 2023
The average sugar import price stood at $1,321 per ton in July 2023, with a decrease of -5.3% against the previous month. Over the period under review, import price indicated temperate growth from July 2022 to July 2023: its price increased at an average monthly rate of +4.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, sugar import price increased by +16.4% against April 2023 indices. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 33% month-to-month. The import price peaked at $1,394 per ton in June 2023, and then reduced in the following month.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Belgium ($3,273 per ton), while the price for Mauritius ($981 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Sugar Price in Austria (FOB) - 2023
The average sugar export price stood at $1,248 per ton in July 2023, approximately mirroring the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.6%. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 48% m-o-m. The export price peaked at $1,376 per ton in February 2023; however, from March 2023 to July 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was Slovenia ($1,837 per ton), while the average price for exports to Hungary ($990 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.
Sugar Imports in Austria
In 2022, sugar imports into Austria shrank to 11K tons, waning by -14.1% compared with the year before. Overall, imports saw a abrupt shrinkage. The smallest decline of -5.2% was in 2020.
In value terms, sugar imports contracted to $10M in 2022. In general, imports showed a noticeable shrinkage. The growth pace was the most rapid in 2020 when imports increased by 7.3% against the previous year. As a result, imports reached the peak of $12M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Sugar in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.6 | 3.6 | 3.4 | 4.4 | 19.2% |
| Czech Republic | 3.8 | 2.7 | 2.4 | 2.6 | -11.9% |
| Mauritius | 1.4 | 2.2 | 1.7 | 1.6 | 4.6% |
| Belgium | 0.8 | 0.5 | 0.5 | 0.6 | -9.1% |
| Netherlands | 0.1 | 0.2 | 0.3 | 0.5 | 71.0% |
| Poland | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Slovakia | 0.3 | 0.9 | 1.4 | N/A | 116.0% |
| Colombia | 0.5 | 0.6 | 0.8 | N/A | 26.5% |
| Others | 1.8 | 1.3 | 1.1 | 0.2 | -51.9% |
| Total | 11.4 | 12.2 | 11.7 | 10.0 | -4.3% |
Top Suppliers of Sugar to Austria in 2022:
- Slovakia (undefinedK tons)
- Germany (4.0K tons)
- Czech Republic (3.7K tons)
- Mauritius (2.2K tons)
- Netherlands (0.7K tons)
- Belgium (0.3K tons)
- Poland (0.2K tons)
Sugar Exports in Austria
In 2022, after three years of growth, there was significant decline in shipments abroad of sugar, when their volume decreased by -9.7% to 3.3K tons. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +22.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 97%.
In value terms, sugar exports contracted significantly to $3.2M in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +10.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 60%.
| Export of Sugar in Austria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 611 | 1,070 | 672 | 702 | 4.7% |
| Germany | 430 | 505 | 382 | 649 | 14.7% |
| Romania | 121 | 504 | 490 | 433 | 53.0% |
| Switzerland | 460 | 512 | 471 | 384 | -5.8% |
| Italy | 95.3 | 106 | 338 | 313 | 48.6% |
| Slovenia | 417 | 579 | 337 | 200 | -21.7% |
| Belgium | 3.2 | 257 | 1,079 | 179 | 282.4% |
| Croatia | 65.0 | 87.3 | 65.8 | 97.3 | 14.4% |
| Others | 216 | 256 | 189 | 262 | 6.6% |
| Total | 2,418 | 3,877 | 4,023 | 3,218 | 10.0% |
Top Export Markets for Sugar from Austria in 2022:
- Hungary (868.1 tons)
- Germany (656.2 tons)
- Romania (553.5 tons)
- Switzerland (316.6 tons)
- Italy (245.8 tons)
- Belgium (223.2 tons)
- Slovenia (152.4 tons)
- Croatia (79.0 tons)
This report provides an in-depth analysis of the sugar market in Austria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 162 - Sugar, Raw Centrifugal
- FCL 163 - Sugar, Non-Centrifugal
Country coverage:
- Austria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Austria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This year, world sugar production is expected to rise by 3% to 193M tons. The growth will be encouraged by favorable weather conditions in most of the largest producing countries, as well as the providing exemptions on the neonicotinoid usage against plant diseases and blights in France, Germany and the UK. The drop in sugar production and shipments from Brazil will be offset by large volumes coming from Thailand, which will boost global exports by +2.6% y-o-y. The increased supply in the world market is to keep sugar prices relatively stable over the next two years.
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The global sugar market rose to $105.3B in 2019, surging by 1.9% against the previous year. This figure reflects the...
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The global sugar market revenue amounted to $99.9B in 2017, increasing by 13% against the previous year. This figure refle...
