Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Italy - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Italy (CIF) - 2023
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Italy (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Italy
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Italy
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Italy (CIF) - 2023
The average import price for raw cane sugar (without flavoring or coloring matter, other) stood at $981 per ton in October 2023, with an increase of 58% against the previous month. Over the period under review, import price indicated pronounced growth from October 2022 to October 2023: its price increased at an average monthly rate of +2.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for raw cane sugar (without flavoring or coloring matter, other) increased by +58.3% against September 2023 indices. The growth pace was the most rapid in February 2023 when the average import price increased by 74% against the previous month. Over the period under review, average import prices attained the peak figure at $1,145 per ton in April 2023; however, from May 2023 to October 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Costa Rica ($1,008 per ton), while the price for Malawi ($671 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 Fiji (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Italy (FOB) - 2022
The average export price for raw cane sugar (without flavoring or coloring matter, other) stood at $1,157 per ton in 2022, reducing by -13% against the previous year. In general, the export price recorded a deep setback. The pace of growth appeared the most rapid in 2021 an increase of 21% against the previous year. The export price peaked at $1,924 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($2,657 per ton), while the average price for exports to Hungary ($697 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 Germany (-1.1%), while the prices for the other major destinations experienced a decline.
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Italy
In 2022, purchases abroad of raw cane sugar (without flavoring or coloring matter, other) decreased by -30.5% to 196K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 19% against the previous year. As a result, imports reached the peak of 282K tons, and then shrank remarkably in the following year.
In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) dropped sharply to $110M in 2022. The total import value increased at an average annual rate of +4.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 25% against the previous year. As a result, imports attained the peak of $139M, and then reduced rapidly in the following year.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 11.8 | 22.1 | 26.4 | 19.6 | 18.4% |
| Fiji | N/A | 11.0 | 16.0 | 17.2 | 25.0% |
| Brazil | N/A | 5.8 | N/A | 16.7 | 69.7% |
| Belize | 4.1 | 0.7 | 25.1 | 14.1 | 50.9% |
| Mauritius | 7.3 | 4.2 | 6.9 | 9.9 | 10.7% |
| Colombia | 1.7 | 1.4 | 2.5 | 4.2 | 35.2% |
| Swaziland | 25.9 | 13.3 | 2.6 | 3.3 | -49.7% |
| Guatemala | 6.7 | 1.2 | 13.6 | 2.5 | -28.0% |
| Mozambique | 8.3 | 0.5 | 10.2 | 1.4 | -44.7% |
| Honduras | N/A | 7.8 | N/A | N/A | 0% |
| Nicaragua | N/A | 9.2 | N/A | N/A | 0% |
| Lao People's Democratic Republic | 13.1 | 1.9 | 0.7 | N/A | -76.9% |
| Others | 18.9 | 32.3 | 35.2 | 21.3 | 4.1% |
| Total | 97.7 | 111 | 139 | 110 | 4.0% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to Italy in 2022:
- France (38.9K tons)
- Fiji (36.4K tons)
- Brazil (34.9K tons)
- Belize (31.9K tons)
- Mauritius (13.0K tons)
- Colombia (5.6K tons)
- Swaziland (5.2K tons)
- Guatemala (4.0K tons)
- Mozambique (2.4K tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Italy
Exports of raw cane sugar (without flavoring or coloring matter, other) from Italy dropped notably to 3.7K tons in 2022, which is down by -18.1% against the previous year. Overall, exports continue to indicate a pronounced downturn. The growth pace was the most rapid in 2021 with an increase of 16%. As a result, the exports attained the peak of 4.6K tons, and then contracted remarkably in the following year.
In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) contracted significantly to $4.3M in 2022. Over the period under review, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 40%. As a result, the exports reached the peak of $6.1M, and then dropped significantly in the following year.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 1,128 | 1,271 | 1,495 | 1,301 | 4.9% |
| France | 620 | 1,293 | 2,121 | 1,168 | 23.5% |
| Libya | 85.9 | 155 | 556 | 268 | 46.1% |
| Belgium | 378 | 317 | 409 | 235 | -14.7% |
| Austria | 87.6 | 82.4 | 152 | 227 | 37.4% |
| Germany | 406 | 178 | 217 | 192 | -22.1% |
| Romania | 268 | 132 | 120 | 172 | -13.7% |
| Slovenia | 212 | 87.1 | 144 | 79.3 | -27.9% |
| United Kingdom | 640 | 37.8 | 8.1 | 74.4 | -51.2% |
| Others | 1,303 | 772 | 839 | 603 | -22.7% |
| Total | 5,128 | 4,324 | 6,062 | 4,319 | -5.6% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from Italy in 2022:
- Hungary (1867.5 tons)
- France (632.0 tons)
- Belgium (236.5 tons)
- Libya (195.6 tons)
- Romania (167.5 tons)
- Slovenia (100.8 tons)
- Germany (96.3 tons)
- Austria (85.5 tons)
- United Kingdom (52.9 tons)
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