Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in the UK - 2023
Contents:
- Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in the UK (CIF) - 2023
- Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in the UK (FOB) - 2023
- Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in the UK
- Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in the UK
Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in the UK (CIF) - 2023
In November 2023, the average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $971 per ton, picking up by 6.7% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +2.4%. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 18% m-o-m. Over the period under review, average import prices reached the maximum in November 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Ireland ($2,918 per ton), while the price for Denmark ($727 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Ireland (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in the UK (FOB) - 2023
The average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $2,800 per ton in November 2023, which is down by -14.7% against the previous month. Over the period under review, the export price, however, recorded resilient growth. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 113% month-to-month. Over the period under review, the average export prices hit record highs at $3,281 per ton in October 2023, and then declined in the following month.
There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was Norway ($5,338 per ton), while the average price for exports to Ireland ($888 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 Norway (+18.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in the UK
In 2022, overseas purchases of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose increased by 35% to 277K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a abrupt descent.
In value terms, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose soared to $167M in 2022. In general, imports, however, showed a noticeable shrinkage.
| Import of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 120 | 66.6 | 62.9 | 113 | -2.0% |
| Ireland | 5.6 | 6.3 | 10.0 | 11.2 | 26.0% |
| Belgium | 5.8 | 3.8 | 16.1 | 10.6 | 22.3% |
| Mauritius | 7.3 | 8.5 | 8.0 | 7.8 | 2.2% |
| Germany | 8.0 | 1.9 | 3.7 | 7.4 | -2.6% |
| Poland | 0.9 | 0.5 | 0.8 | 5.9 | 87.2% |
| Netherlands | 17.9 | 4.7 | 2.4 | 2.5 | -48.1% |
| Others | 13.7 | 9.8 | 10.3 | 9.2 | -12.4% |
| Total | 179 | 102 | 114 | 167 | -2.3% |
Top Suppliers of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose to the UK in 2022:
- France (200.7K tons)
- Belgium (18.1K tons)
- Germany (15.2K tons)
- Ireland (14.4K tons)
- Mauritius (10.3K tons)
- Poland (6.0K tons)
- Netherlands (3.4K tons)
Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in the UK
In 2022, shipments abroad of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose was finally on the rise to reach 51K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a sharp descent.
In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose expanded remarkably to $62M in 2022. Over the period under review, exports, however, faced a significant decline. The pace of growth was the most pronounced in 2020 when exports increased by 11%. As a result, the exports reached the peak of $146M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 49.3 | 66.8 | 40.6 | 34.0 | -11.6% |
| Ireland | 12.0 | 12.8 | 5.0 | 9.4 | -7.8% |
| Netherlands | 2.4 | 2.6 | 2.0 | 5.7 | 33.4% |
| France | 17.2 | 2.5 | 1.5 | 2.1 | -50.4% |
| Barbados | 1.2 | 1.2 | 2.4 | 1.7 | 12.3% |
| Italy | 20.8 | 11.2 | 0.3 | 1.5 | -58.4% |
| Spain | 1.0 | 0.5 | 0.6 | 1.3 | 9.1% |
| Belgium | 2.1 | 0.6 | 0.9 | 0.2 | -54.3% |
| Myanmar | 2.2 | 0.8 | N/A | N/A | -63.6% |
| Israel | 6.4 | 0.1 | N/A | N/A | -98.4% |
| Others | 16.9 | 47.2 | 4.5 | 6.4 | -27.7% |
| Total | 132 | 146 | 57.8 | 62.4 | -22.1% |
Top Export Markets for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose from the UK in 2022:
- Norway (14.4K tons)
- Ireland (13.9K tons)
- Netherlands (8.0K tons)
- France (2.7K tons)
- Italy (2.3K tons)
- Barbados (2.3K tons)
- Spain (1.4K tons)
- Belgium (0.3K tons)
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