Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Belgium - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Belgium (CIF) - 2023
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Belgium (FOB) - 2023
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Belgium
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Belgium
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Belgium (CIF) - 2023
The average import price for raw cane sugar (without flavoring or coloring matter, other) stood at $796 per ton in October 2023, shrinking by -9.4% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.7%. The pace of growth was the most pronounced in December 2022 when the average import price increased by 19% m-o-m. Over the period under review, average import prices reached the maximum at $879 per ton in September 2023, and then dropped in the following month.
Average prices varied somewhat amongst the major supplying countries. In October 2023, the highest price was recorded for prices from Lao People's Democratic Republic ($1,008 per ton) and Belize ($928 per ton), while the price for Swaziland ($731 per ton) and Malawi ($732 per ton) were amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Brazil (+3.8%), 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 Belgium (FOB) - 2023
In October 2023, the average export price for raw cane sugar (without flavoring or coloring matter, other) amounted to $1,738 per ton, picking up by 66% against the previous month. Overall, export price indicated a prominent expansion from October 2022 to October 2023: its price increased at an average monthly rate of +5.8% over the last twelve-month period. 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, other) increased by +86.1% against August 2023 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Brazil ($5,454 per ton), while the average price for exports to the UK ($1,197 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Belgium
For the fourth consecutive year, Belgium recorded growth in overseas purchases of raw cane sugar (without flavoring or coloring matter, other), which increased by 15% to 66K tons in 2022. Overall, imports showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 51% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the near future.
In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) amounted to $44M in 2022. Over the period under review, imports showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 56% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mauritius | 4.8 | 4.2 | 9.9 | 9.7 | 26.4% |
| France | 3.6 | 4.0 | 9.7 | 6.7 | 23.0% |
| Brazil | 2.3 | 0.8 | 0.2 | 6.4 | 40.7% |
| Colombia | 3.0 | 5.9 | 7.5 | 6.0 | 26.0% |
| Germany | 3.8 | 5.2 | 2.3 | 3.3 | -4.6% |
| Guatemala | N/A | N/A | 0.5 | 3.0 | 500.0% |
| Swaziland | 0.6 | 1.3 | 1.3 | 2.4 | 58.7% |
| Costa Rica | 0.1 | 0.5 | 2.3 | 2.1 | 175.9% |
| Netherlands | 1.3 | 2.9 | 2.7 | 1.8 | 11.5% |
| Argentina | N/A | N/A | 2.1 | N/A | 0% |
| United Kingdom | 0.9 | 0.2 | N/A | N/A | -77.8% |
| Others | 1.1 | 2.4 | 4.3 | 2.5 | 31.5% |
| Total | 21.6 | 27.4 | 42.8 | 43.9 | 26.7% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to Belgium in 2022:
- Mauritius (12.8K tons)
- Brazil (12.1K tons)
- Colombia (9.2K tons)
- France (9.0K tons)
- Guatemala (6.0K tons)
- Swaziland (4.2K tons)
- Germany (4.0K tons)
- Costa Rica (3.5K tons)
- Netherlands (1.4K tons)
- United Kingdom (0.1K tons)
- Argentina (0.1K tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Belgium
After three years of growth, shipments abroad of raw cane sugar (without flavoring or coloring matter, other) decreased by -8.9% to 26K tons in 2022. Overall, exports, however, posted significant growth. The growth pace was the most rapid in 2020 with an increase of 81% against the previous year.
In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) shrank to $24M in 2022. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 72% against the previous year.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 1.9 | 5.9 | 13.0 | 11.3 | 81.2% |
| Germany | 5.8 | 5.1 | 6.6 | 7.5 | 8.9% |
| Netherlands | 2.5 | 6.8 | 5.0 | 2.9 | 5.1% |
| Italy | N/A | N/A | N/A | 1.2 | 0% |
| Others | 1.6 | 2.5 | 1.3 | 1.1 | -11.7% |
| Total | 11.7 | 20.2 | 25.9 | 23.9 | 26.9% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from Belgium in 2022:
- France (12.8K tons)
- Germany (9.5K tons)
- Netherlands (1.8K tons)
- Italy (1.0K tons)
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