Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Spain - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Spain (CIF) - 2023
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Spain (FOB) - 2023
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Spain
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Spain
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Spain (CIF) - 2023
The average import price for raw cane sugar (without flavoring or coloring matter) stood at $1,329 per ton in October 2023, standing approximately at the previous month. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in June 2023 when the average import price increased by 60% month-to-month. The import price peaked at $1,489 per ton in July 2023; however, from August 2023 to October 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Costa Rica ($1,915 per ton), while the price for Portugal ($1,050 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 France (+24.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Spain (FOB) - 2023
In October 2023, the average export price for raw cane sugar (without flavoring or coloring matter) amounted to $1,294 per ton, rising by 11% against the previous month. In general, export price indicated a mild increase from October 2022 to October 2023: its price increased at an average monthly rate of +1.4% 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 raw cane sugar (without flavoring or coloring matter) decreased by -30.1% against August 2023 indices. The pace of growth was the most pronounced in April 2023 an increase of 83% m-o-m. As a result, the export price reached the peak level of $2,223 per ton. From May 2023 to October 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was France ($1,793 per ton), while the average price for exports to Portugal stood at $1,139 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+1.7%).
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Spain
In 2022, the amount of raw cane sugar (without flavoring or coloring matter) imported into Spain shrank modestly to 6.7K tons, which is down by -2.3% against 2021. Over the period under review, imports faced a dramatic slump.
In value terms, imports of raw cane sugar (without flavoring or coloring matter) reduced to $8.2M in 2022. In general, imports showed a abrupt curtailment.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 4.1 | 5.6 | 4.8 | 4.2 | 0.8% |
| Portugal | 1.5 | 1.3 | 1.1 | 2.4 | 17.0% |
| Peru | 0.7 | 0.6 | 0.5 | 0.6 | -5.0% |
| Ecuador | 0.3 | 0.4 | 0.6 | 0.6 | 26.0% |
| Costa Rica | 0.1 | 0.1 | 1.0 | 0.3 | 44.2% |
| France | 3.1 | 0.7 | 0.2 | 0.1 | -68.2% |
| Others | 0.5 | 0.4 | 0.1 | 0.1 | -41.5% |
| Total | 10.2 | 9.2 | 8.3 | 8.2 | -7.0% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter) to Spain in 2022:
- Colombia (3018.7 tons)
- Portugal (2589.7 tons)
- Ecuador (424.1 tons)
- Peru (274.5 tons)
- Costa Rica (188.5 tons)
- France (176.0 tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Spain
Exports of raw cane sugar (without flavoring or coloring matter) from Spain surged to 2.1K tons in 2022, rising by 176% against the previous year's figure. In general, exports recorded a remarkable increase. The pace of growth was the most pronounced in 2021 when exports increased by 240% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of raw cane sugar (without flavoring or coloring matter) soared to $2.2M in 2022. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 939 | 0.6 | 264 | 1,781 | 23.8% |
| France | 67.1 | 312 | 415 | 269 | 58.9% |
| United Kingdom | 2.3 | 0.3 | 0.7 | 68.8 | 210.4% |
| Colombia | 109 | N/A | 40.8 | N/A | -38.8% |
| Others | 13.1 | 63.2 | 176 | 50.5 | 56.8% |
| Total | 1,130 | 377 | 897 | 2,169 | 24.3% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter) from Spain in 2022:
- Portugal (1820.4 tons)
- France (167.1 tons)
- United Kingdom (52.3 tons)
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