Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in France - 2023

Contents:

1. Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in France (CIF) - 2023
2. Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in France (FOB) - 2022
3. Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in France
4. Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in France

Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in France (CIF) - 2023

In October 2023, the average import price for raw cane sugar (without flavoring or coloring matter) amounted to $1,607 per ton, declining by -60.8% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 82% month-to-month. The import price peaked at $4,621 per ton in April 2023; however, from May 2023 to October 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the UK ($2,779 per ton), while the price for Mauritius ($1,108 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Colombia (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in France (FOB) - 2022

The average export price for raw cane sugar (without flavoring or coloring matter) stood at $2,050 per ton in 2022, remaining relatively unchanged against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 55%. As a result, the export price attained the peak level of $2,973 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($3,338 per ton), while the average price for exports to Portugal ($1,272 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 Germany (+2.9%), while the prices for the other major destinations experienced a decline.

Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in France

In 2022, approx. 5.5K tons of raw cane sugar (without flavoring or coloring matter) were imported into France; rising by 28% compared with the year before. The total import volume increased at an average annual rate of +11.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 30% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of raw cane sugar (without flavoring or coloring matter) surged to $6.5M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +15.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.0% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter) to France in 2022:

1. Netherlands (2281.9 tons)
2. Spain (1596.6 tons)
3. United Kingdom (553.2 tons)
4. Belgium (244.0 tons)
5. Costa Rica (240.0 tons)
6. Germany (136.9 tons)
7. Peru (131.1 tons)
8. Colombia (117.3 tons)
9. Mauritius (48.7 tons)
10. Czech Republic (3.1 tons)

Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in France

In 2022, shipments abroad of raw cane sugar (without flavoring or coloring matter) decreased by -2.2% to 255 tons, falling for the second year in a row after two years of growth. Overall, exports faced a abrupt descent. The growth pace was the most rapid in 2020 when exports increased by 13% against the previous year. As a result, the exports attained the peak of 561 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of raw cane sugar (without flavoring or coloring matter) declined slightly to $523K in 2022. In general, exports continue to indicate a deep setback. The pace of growth was the most pronounced in 2020 when exports increased by 32% against the previous year. As a result, the exports reached the peak of $857K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter) from France in 2022:

1. Belgium (117.5 tons)
2. Democratic Republic of the Congo (43.3 tons)
3. Germany (33.8 tons)
4. Burkina Faso (21.5 tons)
5. Spain (12.5 tons)
6. Portugal (7.7 tons)
7. Switzerland (5.7 tons)

Source: IndexBox Market Intelligence Platform