Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Belarus - 2022
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Belarus (CIF) - 2022
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Belarus (FOB) - 2022
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Belarus
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Belarus
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Belarus (CIF) - 2022
In 2022, the average import price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $4,382 per ton, falling by -6.1% against the previous year. Overall, the import price recorded a pronounced slump. The pace of growth was the most pronounced in 2014 when the average import price increased by 157% against the previous year. As a result, import price attained the peak level of $9,259 per ton. From 2015 to 2022, the average import prices remained at a 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 Sweden ($7,129 per ton), while the price for Ukraine ($1,111 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Belarus (FOB) - 2022
The average export price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $3,975 per ton in 2022, shrinking by -4.2% against the previous year. In general, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for refined cane or beet sugar (with added flavoring or coloring matter) increased by +7.5% against 2020 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by 49% against the previous year. Over the period under review, the average export prices attained the peak figure at $4,873 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($6,329 per ton), while the average price for exports to Azerbaijan ($2,706 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 Armenia (+15.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Belarus
After three years of growth, purchases abroad of refined cane or beet sugar (with added flavoring or coloring matter) decreased by -33.9% to 18 tons in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 23%. As a result, imports attained the peak of 28 tons, and then reduced remarkably in the following year.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) shrank dramatically to $80K in 2022. In general, imports, however, saw a strong expansion. The pace of growth was the most pronounced in 2020 with an increase of 44%.
| Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 34.8 | 58.9 | 84.2 | 50.0 | 12.8% |
| Poland | 13.6 | 22.7 | 14.8 | 12.5 | -2.8% |
| China | 2.8 | 3.5 | 19.4 | 11.5 | 60.1% |
| Estonia | 3.3 | 1.6 | 3.5 | 2.1 | -14.0% |
| Sweden | 2.8 | 1.6 | 3.5 | 2.1 | -9.1% |
| Serbia | 0.8 | 1.6 | 1.5 | 0.9 | 4.0% |
| Ukraine | 3.4 | 2.4 | 0.2 | 0.1 | -69.1% |
| Others | 4.6 | 2.7 | 1.3 | 0.5 | -52.3% |
| Total | 66.2 | 95.0 | 128 | 79.7 | 6.4% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to Belarus in 2022:
- Russia (12.1 tons)
- Poland (3.2 tons)
- China (1.8 tons)
- Estonia (0.3 tons)
- Serbia (0.3 tons)
- Sweden (0.3 tons)
- Ukraine (0.1 tons)
Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Belarus
After three years of growth, overseas shipments of refined cane or beet sugar (with added flavoring or coloring matter) decreased by -18% to 395 kg in 2022. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 290%.
In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) shrank markedly to $1.6K in 2022. In general, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 196% against the previous year.
| Export of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Belarus (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 269 | 482 | 844 | 759 | 41.3% |
| Kazakhstan | 21.0 | 151 | 198 | 481 | 184.0% |
| Ukraine | 53.0 | 246 | 230 | 207 | 57.5% |
| Azerbaijan | N/A | 193 | 307 | 46.0 | -51.2% |
| Latvia | N/A | N/A | N/A | 40.0 | 0% |
| Armenia | 16.0 | 51.0 | 23.0 | 29.0 | 21.9% |
| Mongolia | N/A | N/A | 234 | N/A | 0% |
| Canada | N/A | N/A | 153 | N/A | 0% |
| Others | 26.0 | 16.0 | 10.0 | 8.0 | -32.5% |
| Total | 385 | 1,139 | 1,999 | 1,570 | 59.8% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from Belarus in 2022:
- Russia (236.0 kg)
- Kazakhstan (76.0 kg)
- Ukraine (50.0 kg)
- Azerbaijan (17.0 kg)
- Latvia (7.0 kg)
- Armenia (7.0 kg)
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