Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in the UK - 2023

Contents:

1. Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in the UK (CIF) - 2022
2. Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in the UK (FOB) - 2023
3. Imports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in the UK
4. Exports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in the UK

Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in the UK (CIF) - 2022

In 2022, the average import price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa amounted to $3,346 per ton, shrinking by -5% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 13%. Over the period under review, average import prices attained the peak figure at $3,737 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($7,306 per ton), while the price for Spain ($2,113 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in the UK (FOB) - 2023

The average export price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa stood at $5,411 per ton in November 2023, flattening at the previous month. Over the last twelve months, it increased at an average monthly rate of +2.2%. The pace of growth appeared the most rapid in December 2022 when the average export price increased by 20% against the previous month. The export price peaked at $6,059 per ton in September 2023; however, from October 2023 to November 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($7,946 per ton), while the average price for exports to Sweden ($3,645 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in the UK

In 2022, approx. 234K tons of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa were imported into the UK; picking up by 10% compared with the year before. The total import volume increased at an average annual rate of +5.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 12%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, imports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa stood at $784M in 2022. The total import value increased at an average annual rate of +8.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa to the UK in 2022:

1. Germany (45.1K tons)
2. Spain (32.7K tons)
3. Belgium (31.7K tons)
4. Netherlands (30.7K tons)
5. Czech Republic (24.1K tons)
6. Turkey (22.6K tons)
7. Poland (7.2K tons)
8. China (6.6K tons)
9. Ireland (6.4K tons)
10. United States (4.0K tons)

Exports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in the UK

For the third consecutive year, the UK recorded decline in shipments abroad of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa, which decreased by -1.1% to 47K tons in 2022. In general, exports recorded a deep contraction.

In value terms, exports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa declined to $207M in 2022. Over the period under review, exports saw a deep contraction.

Top Export Markets for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa from the UK in 2022:

1. Ireland (14.8K tons)
2. Canada (3.5K tons)
3. Belgium (2.9K tons)
4. Germany (2.7K tons)
5. Netherlands (2.6K tons)
6. Sweden (2.2K tons)
7. United States (1.8K tons)
8. Spain (1.5K tons)
9. Australia (1.3K tons)
10. Denmark (1.1K tons)
11. Czech Republic (1.0K tons)
12. Norway (0.9K tons)
13. France (0.8K tons)

Source: IndexBox Market Intelligence Platform