Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Romania - 2023
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Romania (CIF) - 2022
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Romania (FOB) - 2023
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Romania
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Romania
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Romania (CIF) - 2022
In 2022, the average import price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $2,900 per ton, therefore, remained relatively stable against the previous year. Over the period under review, the import price showed a mild downturn. The most prominent rate of growth was recorded in 2020 an increase of 31%. The import price peaked at $4,237 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
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 Italy ($6,056 per ton), while the price for Hungary ($1,106 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Romania (FOB) - 2023
The average export price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $5,290 per ton in October 2023, increasing by 16% against the previous month. Overall, export price indicated temperate growth from October 2022 to October 2023: its price increased at an average monthly rate of +2.4% 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 refined cane or beet sugar (with added flavoring or coloring matter) increased by +56.9% against August 2023 indices. The most prominent rate of growth was recorded in January 2023 an increase of 49% m-o-m. As a result, the export price attained the peak level of $7,179 per ton. From February 2023 to October 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In October 2023, the country with the highest price was the UK ($10,631 per ton), while the average price for exports to Ukraine ($1,737 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 Moldova (+1.6%), 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 Romania
In 2022, imports of refined cane or beet sugar (with added flavoring or coloring matter) into Romania expanded markedly to 565 tons, growing by 7.2% on 2021 figures. The total import volume increased at an average annual rate of +6.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 18% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) rose notably to $1.6M in 2022. The total import value increased at an average annual rate of +10.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 25%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.
Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Romania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 906 | 1,130 | 971 | 518 | -17.0% |
Italy | 55.1 | 53.7 | 108 | 329 | 81.4% |
France | 0.4 | 9.1 | 4.4 | 290 | 798.4% |
Hungary | 89.5 | 85.4 | 145 | 179 | 26.0% |
Slovakia | N/A | 3.0 | 74.1 | 113 | 513.7% |
Czech Republic | 107 | 129 | 116 | 94.8 | -4.0% |
Poland | 17.7 | 12.8 | 49.1 | 53.7 | 44.8% |
Austria | 0.1 | 58.7 | 52.8 | 53.0 | 709.3% |
United Kingdom | 28.6 | 28.0 | 0.9 | 0.3 | -78.1% |
Others | 20.4 | 25.1 | 7.9 | 6.9 | -30.3% |
Total | 1,226 | 1,534 | 1,529 | 1,638 | 10.1% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to Romania in 2022:
- Hungary (161.6 tons)
- France (153.3 tons)
- Germany (87.9 tons)
- Slovakia (54.4 tons)
- Italy (54.3 tons)
- Austria (20.8 tons)
- Czech Republic (18.5 tons)
- Poland (12.1 tons)
- United Kingdom (0.1 tons)
Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Romania
In 2022, the amount of refined cane or beet sugar (with added flavoring or coloring matter) exported from Romania amounted to 198 tons, rising by 5.8% on the previous year. The total export volume increased at an average annual rate of +1.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) rose notably to $758K in 2022. In general, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.7% 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 +80.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 48%. The exports peaked in 2022 and are likely to see steady growth in years to come.
Export of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Romania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 70.4 | 100 | 314 | 305 | 63.0% |
Moldova | 116 | 165 | 117 | 163 | 12.0% |
Ukraine | 96.1 | 162 | 106 | 99.6 | 1.2% |
Bulgaria | 45.4 | 66.0 | 48.8 | 53.7 | 5.8% |
Italy | 26.3 | 42.9 | 52.3 | 41.8 | 16.7% |
Spain | 13.2 | 38.7 | 36.4 | 35.6 | 39.2% |
Ireland | 14.4 | 23.3 | 24.3 | 25.9 | 21.6% |
Others | 39.5 | 23.2 | 18.7 | 33.8 | -5.1% |
Total | 421 | 621 | 718 | 758 | 21.7% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from Romania in 2022:
- Ukraine (70.8 tons)
- United Kingdom (46.5 tons)
- Moldova (31.2 tons)
- Bulgaria (19.0 tons)
- Italy (9.5 tons)
- Spain (8.1 tons)
- Ireland (6.1 tons)
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In value terms, cane and beet sugar and sucrose imports totaled $X in 2016. Overall, it indicated a perceptible growth from 2007 to 2016: the total imports value increased at an average annual rate ...
In value terms, cane and beet sugar and sucrose exports totaled $X in 2016. Overall, it indicated a strong growth from 2007 to 2016: the total exports value increased at an average annual rate of +X>
Discover the top import markets for sugar, including China, the United States, Indonesia, Bangladesh, and South Korea, and their importance in meeting global sugar demand. Gain valuable insights from the IndexBox market report on the sugar industry.
This year, world sugar production is expected to rise by 3% to 193M tons. The growth will be encouraged by favorable weather conditions in most of the largest producing countries, as well as the providing exemptions on the neonicotinoid usage against plant diseases and blights in France, Germany and the UK. The drop in sugar production and shipments from Brazil will be offset by large volumes coming from Thailand, which will boost global exports by +2.6% y-o-y. The increased supply in the world market is to keep sugar prices relatively stable over the next two years.