Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Hungary - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Hungary (CIF) - 2023
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Hungary (FOB) - 2023
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Hungary
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Hungary
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Hungary (CIF) - 2023
The average import price for raw cane sugar (without flavoring or coloring matter, other) stood at $1,601 per ton in September 2023, surging by 4.1% against the previous month. Over the period under review, the import price posted a prominent expansion. The growth pace was the most rapid in January 2023 when the average import price increased by 37% against the previous month. The import price peaked in September 2023.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Germany ($1,882 per ton), while the price for Belgium ($1,161 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Poland (+5.4%), 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 Hungary (FOB) - 2023
The average export price for raw cane sugar (without flavoring or coloring matter, other) stood at $2,473 per ton in September 2023, with a decrease of -2.1% against the previous month. In general, the export price, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 172% against the previous month. As a result, the export price reached the peak level of $3,928 per ton. From January 2023 to September 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Slovakia ($5,605 per ton), while the average price for exports to Romania ($1,523 per ton) was amongst the lowest.
From October 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+10.6%), 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 Hungary
In 2022, after two years of decline, there was significant growth in overseas purchases of raw cane sugar (without flavoring or coloring matter, other), when their volume increased by 1,169% to 37K tons. Overall, imports enjoyed tangible growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) soared to $23M in 2022. Over the period under review, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | N/A | N/A | N/A | 16.3 | 0% |
| Croatia | N/A | N/A | N/A | 3.4 | 0% |
| Italy | 0.8 | 1.2 | 1.4 | 1.1 | 11.2% |
| Germany | 0.6 | 0.1 | N/A | 0.7 | 5.3% |
| Austria | 0.9 | 1.4 | 0.4 | 0.5 | -17.8% |
| Mozambique | 9.9 | N/A | N/A | N/A | 0% |
| Others | 0.6 | 0.5 | 0.6 | 0.9 | 14.5% |
| Total | 12.9 | 3.2 | 2.5 | 23.0 | 21.3% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to Hungary in 2022:
- South Africa (27.5K tons)
- Croatia (5.4K tons)
- Italy (1.7K tons)
- Austria (0.6K tons)
- Germany (0.6K tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Hungary
Exports of raw cane sugar (without flavoring or coloring matter, other) from Hungary expanded slightly to 553 tons in 2022, surging by 3.3% compared with the year before. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +11.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 50%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) rose significantly to $710K in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +17.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.7% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 60% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 237 | 281 | 339 | 429 | 21.9% |
| Croatia | 75.8 | 88.8 | 72.7 | 78.7 | 1.3% |
| Czech Republic | N/A | N/A | N/A | 78.0 | 0% |
| Slovakia | 0.8 | 1.4 | 36.2 | 36.0 | 255.7% |
| Germany | 58.5 | N/A | 0.1 | 30.3 | -19.7% |
| Slovenia | 63.5 | 19.5 | 12.1 | 27.2 | -24.6% |
| Netherlands | N/A | N/A | 87.2 | N/A | 0% |
| Others | 0.2 | 0.5 | 79.4 | 30.9 | 436.6% |
| Total | 435 | 391 | 627 | 710 | 17.7% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from Hungary in 2022:
- Romania (411.1 tons)
- Germany (44.0 tons)
- Croatia (41.6 tons)
- Slovenia (19.6 tons)
- Czech Republic (17.9 tons)
- Slovakia (9.3 tons)
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