Spain - Sugar - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSugar Price in Spain - 2023
Contents:
- Sugar Price in Spain (CIF) - 2023
- Sugar Price in Spain (FOB) - 2022
- Sugar Imports in Spain
- Sugar Exports in Spain
Sugar Price in Spain (CIF) - 2023
In July 2023, the average sugar import price amounted to $773 per ton, picking up by 10% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 an increase of 13% against the previous month. The import price peaked at $823 per ton in May 2023; however, from June 2023 to July 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($1,108 per ton), while the price for Brazil ($583 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 France (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Sugar Price in Spain (FOB) - 2022
The average sugar export price stood at $969 per ton in 2022, shrinking by -10.1% against the previous year. Over the period under review, the export price showed a pronounced slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by 20%. Over the period under review, the average export prices reached the maximum at $1,605 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($2,461 per ton), while the average price for exports to Portugal ($940 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 Italy (+1.4%), while the prices for the other major destinations experienced a decline.
Sugar Imports in Spain
In 2022, approx. 605K tons of sugar were imported into Spain; growing by 53% against 2021. Overall, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 86%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, sugar imports surged to $333M in 2022. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 124% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.
| Import of Sugar in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 0.8 | 27.3 | 66.4 | 134 | 451.2% |
| France | 15.0 | 21.4 | 27.3 | 108 | 93.1% |
| Belize | N/A | 1.3 | 6.6 | 19.8 | 290.3% |
| South Africa | 15.4 | N/A | 31.3 | 18.4 | 6.1% |
| Guatemala | 0.2 | N/A | 0.1 | 12.5 | 296.9% |
| Portugal | 6.9 | 4.3 | 5.3 | 8.9 | 8.9% |
| Netherlands | 0.2 | 1.7 | 6.5 | 7.8 | 239.1% |
| Fiji | 10.7 | 13.8 | N/A | N/A | 29.0% |
| Swaziland | 27.3 | N/A | 41.2 | N/A | 22.8% |
| United Kingdom | 66.2 | 1.4 | N/A | N/A | -97.9% |
| Cuba | 8.9 | N/A | N/A | N/A | 0% |
| Others | 31.8 | 20.9 | 21.6 | 24.5 | -8.3% |
| Total | 184 | 92.1 | 206 | 333 | 21.9% |
Top Suppliers of Sugar to Spain in 2022:
- United Kingdom (undefinedK tons)
- Brazil (263.4K tons)
- France (203.3K tons)
- Belize (34.7K tons)
- South Africa (30.0K tons)
- Guatemala (25.9K tons)
- Netherlands (12.0K tons)
- Portugal (9.2K tons)
Sugar Exports in Spain
In 2022, the amount of sugar exported from Spain expanded rapidly to 8.1K tons, surging by 10% on the year before. In general, exports saw a relatively flat trend pattern.
In value terms, sugar exports shrank modestly to $7.8M in 2022. Over the period under review, exports, however, saw a perceptible curtailment. The growth pace was the most rapid in 2020 when exports increased by 11% against the previous year. As a result, the exports reached the peak of $10M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Sugar in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 6.7 | 8.8 | 5.2 | 4.2 | -14.4% |
| Portugal | 1.4 | 0.2 | 1.0 | 2.8 | 26.0% |
| United Kingdom | 0.6 | 0.6 | 0.4 | 0.5 | -5.9% |
| Others | 0.3 | 0.4 | 1.3 | 0.3 | 0.0% |
| Total | 9.0 | 10.0 | 7.9 | 7.8 | -4.7% |
Top Export Markets for Sugar from Spain in 2022:
- France (4.4K tons)
- Portugal (3.0K tons)
- United Kingdom (0.5K tons)
This report provides an in-depth analysis of the sugar market in Spain. 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:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- 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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In value terms, cane and beet sugar and sucrose imports totaled $X in 2016. Overall, it indicated a perceptible growth from 2007 to 2016: the total imports value increased at an average annual rate ...
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Discover the top import markets for sugar, including China, the United States, Indonesia, Bangladesh, and South Korea, and their importance in meeting global sugar demand. Gain valuable insights from the IndexBox market report on the sugar industry.
1331
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.
1080
The global sugar market rose to $105.3B in 2019, surging by 1.9% against the previous year. This figure reflects the...
955
The global sugar market revenue amounted to $99.9B in 2017, increasing by 13% against the previous year. This figure refle...
