Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Estonia - 2023
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Estonia (CIF) - 2022
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Estonia (FOB) - 2022
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Estonia
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Estonia
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Estonia (CIF) - 2022
In 2022, the average import price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $2,112 per ton, picking up by 11% against the previous year. In general, the import price posted a prominent expansion. The pace of growth was the most pronounced in 2013 when the average import price increased by 127%. As a result, import price attained the peak level of $2,902 per ton. From 2014 to 2022, the average import prices remained 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 Finland ($8,100 per ton), while the price for Denmark ($1,140 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+17.4%), while the prices for the other major suppliers experienced a decline.
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Estonia (FOB) - 2022
In 2022, the average export price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $4,988 per ton, with a decrease of -33.1% against the previous year. Overall, the export price, however, recorded tangible growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by 60%. As a result, the export price reached the peak level of $7,458 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($24,786 per ton), while the average price for exports to Sweden ($2,961 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 Latvia (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Estonia
In 2022, after three years of growth, there was significant decline in purchases abroad of refined cane or beet sugar (with added flavoring or coloring matter), when their volume decreased by -20.6% to 205 tons. In general, imports saw a drastic downturn. The growth pace was the most rapid in 2020 when imports increased by 2.8%.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) contracted to $434K in 2022. The total import value increased at an average annual rate of +2.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 13% against the previous year. As a result, imports attained the peak of $490K, and then reduced in the following year.
| Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 84.9 | 105 | 178 | 163 | 24.3% |
| Finland | 115 | 111 | 132 | 125 | 2.8% |
| Lithuania | 11.4 | 27.4 | 21.4 | 59.2 | 73.2% |
| Sweden | 84.0 | 52.1 | 44.9 | 24.7 | -33.5% |
| Latvia | 13.4 | 22.1 | 30.9 | 16.5 | 7.2% |
| Germany | 6.8 | 4.0 | 2.5 | 10.3 | 14.8% |
| Zimbabwe | 41.7 | 81.2 | 38.2 | N/A | -4.3% |
| United Kingdom | 20.3 | N/A | 1.0 | N/A | -77.8% |
| Others | 21.1 | 32.3 | 41.7 | 35.7 | 19.2% |
| Total | 399 | 435 | 490 | 434 | 2.8% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to Estonia in 2022:
- Denmark (142.7 tons)
- Lithuania (26.8 tons)
- Finland (15.4 tons)
- Sweden (7.5 tons)
- Germany (3.4 tons)
- Latvia (2.8 tons)
Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Estonia
In 2022, the amount of refined cane or beet sugar (with added flavoring or coloring matter) exported from Estonia stood at 35 tons, surging by 8.4% compared with the previous year. In general, exports, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of 10%.
In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) plummeted to $174K in 2022. Overall, exports, however, continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of 10% against the previous year.
| Export of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 203 | 135 | 133 | 92.2 | -23.1% |
| Latvia | 40.1 | 69.9 | 81.8 | 61.0 | 15.0% |
| Lithuania | 5.0 | 6.4 | 11.1 | 14.6 | 42.9% |
| Russia | 31.4 | N/A | 3.4 | N/A | -67.1% |
| Others | 9.3 | 6.6 | 10.7 | 6.6 | -10.8% |
| Total | 289 | 218 | 240 | 174 | -15.6% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from Estonia in 2022:
- Sweden (31.1 tons)
- Latvia (2.5 tons)
- Lithuania (0.7 tons)
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