Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Slovenia - 2023

Contents:

1. Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Slovenia (CIF) - 2023
2. Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Slovenia (FOB) - 2023
3. Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Slovenia
4. Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Slovenia

Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Slovenia (CIF) - 2023

The average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $939 per ton in October 2023, declining by -6.4% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.6%. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 19% against the previous month. As a result, import price reached the peak level of $1,035 per ton. From March 2023 to October 2023, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was Ukraine ($939 per ton), while the price for Serbia stood at $939 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Slovakia (+11.9%), 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 Slovenia (FOB) - 2023

In October 2023, the average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $1,175 per ton, surging by 6.3% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.1%. The pace of growth was the most pronounced in May 2023 when the average export price increased by 12% month-to-month. The export price peaked at $1,304 per ton in June 2023; however, from July 2023 to October 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Russia ($2,429 per ton), while the average price for exports to Serbia totaled $1,128 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+4.8%), 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 Slovenia

In 2022, approx. 96K tons of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose were imported into Slovenia; waning by -15.2% against 2021. Over the period under review, imports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 71% against the previous year. As a result, imports attained the peak of 113K tons, and then shrank markedly in the following year.

In value terms, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose expanded rapidly to $66M in 2022. Overall, imports, however, enjoyed strong growth. The growth pace was the most rapid in 2021 with an increase of 86%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Top Suppliers of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose to Slovenia in 2022:

1. Germany (20.6K tons)
2. Serbia (17.9K tons)
3. Slovakia (16.6K tons)
4. Czech Republic (15.8K tons)
5. Austria (9.0K tons)
6. Croatia (7.7K tons)
7. Ukraine (4.1K tons)

Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Slovenia

In 2022, overseas shipments of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose decreased by -25.9% to 38K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a notable expansion from 2019 to 2022: its volume increased at an average annual rate of +4.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 26% against the previous year. As a result, the exports reached the peak of 52K tons, and then declined dramatically in the following year.

In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose totaled $28M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +14.2% 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 +49.0% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 31% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose from Slovenia in 2022:

1. Croatia (15.8K tons)
2. Italy (14.0K tons)
3. Bulgaria (5.2K tons)
4. Austria (2.7K tons)
5. Romania (0.2K tons)

Source: IndexBox Market Intelligence Platform