Price for Sugars; Fructose, Chemically Pure, in Solid Form in Russia - 2022

Contents:

1. Price for Sugars; Fructose, Chemically Pure, in Solid Form in Russia (CIF) - 2022
2. Price for Sugars; Fructose, Chemically Pure, in Solid Form in Russia (FOB) - 2022
3. Imports of Sugars; Fructose, Chemically Pure, in Solid Form in Russia
4. Exports of Sugars; Fructose, Chemically Pure, in Solid Form in Russia

Price for Sugars; Fructose, Chemically Pure, in Solid Form in Russia (CIF) - 2022

In 2022, the average import price for sugars; fructose, chemically pure, in solid form amounted to $987 per ton, growing by 55% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $1,168 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($1,366 per ton) and Ukraine ($1,100 per ton), while the price for Turkey ($969 per ton) and Israel ($1,063 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+33.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Sugars; Fructose, Chemically Pure, in Solid Form in Russia (FOB) - 2022

The average export price for sugars; fructose, chemically pure, in solid form stood at $2,296 per ton in 2022, jumping by 88% against the previous year. In general, the export price continues to indicate mild growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Georgia ($3,269 per ton), while the average price for exports to Tajikistan ($1,820 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 Azerbaijan (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sugars; Fructose, Chemically Pure, in Solid Form in Russia

In 2022, supplies from abroad of sugars; fructose, chemically pure, in solid form decreased by -15.1% to 10K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +4.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 16% against the previous year.

In value terms, imports of sugars; fructose, chemically pure, in solid form surged to $10M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +14.4% 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 +49.6% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Sugars; Fructose, Chemically Pure, in Solid Form to Russia in 2022:

1. Turkey (9.4K tons)
2. Ukraine (0.8K tons)

Exports of Sugars; Fructose, Chemically Pure, in Solid Form in Russia

In 2022, overseas shipments of sugars; fructose, chemically pure, in solid form decreased by -51.4% to 160 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 74%.

In value terms, exports of sugars; fructose, chemically pure, in solid form reduced to $363K in 2022. The total export value increased at an average annual rate of +9.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 49% against the previous year. As a result, the exports attained the peak of $415K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Sugars; Fructose, Chemically Pure, in Solid Form from Russia in 2022:

1. Kazakhstan (110.1 tons)
2. Uzbekistan (24.6 tons)
3. Tajikistan (8.9 tons)
4. Armenia (8.9 tons)
5. Azerbaijan (3.2 tons)
6. Georgia (2.6 tons)

Source: IndexBox Market Intelligence Platform