Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Denmark - 2023
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Denmark (FOB) - 2023
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Denmark (CIF) - 2023
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Denmark
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Denmark
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Denmark (FOB) - 2023
The average export price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $1,874 per ton in October 2023, increasing by 19% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.7%. The growth pace was the most rapid in March 2023 an increase of 24% against the previous month. Over the period under review, the average export prices hit record highs in October 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Faroe Islands ($2,374 per ton), while the average price for exports to Estonia ($938 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 Lithuania (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Denmark (CIF) - 2023
In October 2023, the average import price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $5,224 per ton, growing by 58% against the previous month. Over the period under review, import price indicated a pronounced increase from October 2022 to October 2023: its price increased at an average monthly rate of +3.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for refined cane or beet sugar (with added flavoring or coloring matter) increased by +57.5% against September 2023 indices. The growth pace was the most rapid in January 2023 an increase of 97% against the previous month. Over the period under review, average import prices hit record highs at $6,202 per ton in November 2022; however, from December 2022 to October 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($6,541 per ton), while the price for the Netherlands ($2,141 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 Hungary (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Denmark
In 2022, approx. 5.9K tons of refined cane or beet sugar (with added flavoring or coloring matter) were exported from Denmark; rising by 26% against the previous year. The total export volume increased at an average annual rate of +7.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached 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) expanded notably to $7M in 2022. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 15%. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the immediate term.
| Export of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 1,491 | 1,385 | 1,794 | 2,212 | 14.1% |
| Norway | 2,345 | 1,841 | 1,971 | 2,081 | -3.9% |
| Finland | 1,331 | 1,286 | 1,577 | 1,644 | 7.3% |
| Germany | 1,206 | 731 | 623 | 506 | -25.1% |
| Iceland | 162 | 127 | 167 | 117 | -10.3% |
| Estonia | 71.4 | 81.4 | 94.2 | 85.2 | 6.1% |
| Lithuania | 34.2 | 28.3 | 58.6 | 72.6 | 28.5% |
| Others | 236 | 249 | 285 | 256 | 2.7% |
| Total | 6,876 | 5,729 | 6,570 | 6,974 | 0.5% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from Denmark in 2022:
- Sweden (2470.7 tons)
- Norway (1447.6 tons)
- Finland (1344.6 tons)
- Germany (181.7 tons)
- Estonia (106.8 tons)
- Iceland (96.2 tons)
- Lithuania (94.6 tons)
Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Denmark
In 2022, the amount of refined cane or beet sugar (with added flavoring or coloring matter) imported into Denmark rose significantly to 768 tons, increasing by 15% compared with the previous year's figure. In general, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +21.0% 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 +77.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) dropped to $2.7M in 2022. The total import value increased at an average annual rate of +4.8% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 22%. As a result, imports attained the peak of $2.9M, and then reduced in the following year.
| Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 1,270 | 1,051 | 1,491 | 1,333 | 1.6% |
| Hungary | 371 | 616 | 692 | 566 | 15.1% |
| Germany | 403 | 343 | 370 | 308 | -8.6% |
| United Kingdom | N/A | 0.1 | 138 | 183 | 4177.8% |
| Netherlands | 240 | 129 | 106 | 115 | -21.7% |
| Belgium | N/A | N/A | N/A | 51.2 | 0% |
| Others | 61.0 | 204 | 67.0 | 139 | 31.6% |
| Total | 2,345 | 2,344 | 2,864 | 2,696 | 4.8% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to Denmark in 2022:
- Sweden (314.3 tons)
- Hungary (204.8 tons)
- Germany (147.0 tons)
- United Kingdom (56.3 tons)
- Netherlands (18.3 tons)
- Belgium (13.7 tons)
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