Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Lithuania - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Lithuania (FOB) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Lithuania (CIF) - 2022
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Lithuania
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Lithuania
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Lithuania (FOB) - 2022
The average export price for raw cane sugar (without flavoring or coloring matter) stood at $2,886 per ton in 2022, with an increase of 92% against the previous year. Overall, the export price recorded significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turkmenistan ($3,440 per ton), while the average price for exports to Russia amounted to $2,812 per ton.
From 2021 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkmenistan (0.0%).
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Lithuania (CIF) - 2022
The average import price for raw cane sugar (without flavoring or coloring matter) stood at $3,747 per ton in 2022, flattening at the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 57% against the previous year. As a result, import price attained the peak level of $5,393 per ton. From 2014 to 2022, the average import prices remained at a somewhat 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 Germany ($7,083 per ton), while the price for Poland ($1,406 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.4%), while the prices for the other major suppliers experienced a decline.
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Lithuania
In 2022, the amount of raw cane sugar (without flavoring or coloring matter) exported from Lithuania surged to 428 kg, picking up by 21,300% compared with the previous year's figure. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of raw cane sugar (without flavoring or coloring matter) soared to $1.2K in 2022. Overall, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Lithuania (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Russia | N/A | 1,063 | 0% | ||
| Turkmenistan | N/A | 172 | 0% | ||
| Others | 3.0 | N/A | 0% | ||
| Total | 3.0 | 1,235 | 41066.7% | ||
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter) from Lithuania in 2022:
- Russia (378.0 kg)
- Turkmenistan (50.0 kg)
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Lithuania
Imports of raw cane sugar (without flavoring or coloring matter) into Lithuania surged to 281 kg in 2022, growing by 639% against the year before. Overall, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of raw cane sugar (without flavoring or coloring matter) surged to $1.1K in 2022. Over the period under review, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Lithuania (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Latvia | N/A | 666 | 0% | ||
| Italy | 16.0 | 172 | 975.0% | ||
| Germany | 7.0 | 170 | 2328.6% | ||
| Poland | 13.0 | 45.0 | 246.2% | ||
| Estonia | 92.0 | N/A | 0% | ||
| Others | 14.0 | N/A | 0% | ||
| Total | 142 | 1,053 | 641.5% | ||
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter) to Lithuania in 2022:
- Latvia (175.0 kg)
- Italy (50.0 kg)
- Poland (32.0 kg)
- Germany (24.0 kg)
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This year, world sugar production is expected to rise by 3% to 193M tons. The growth will be encouraged by favorable weather conditions in most of the largest producing countries, as well as the providing exemptions on the neonicotinoid usage against plant diseases and blights in France, Germany and the UK. The drop in sugar production and shipments from Brazil will be offset by large volumes coming from Thailand, which will boost global exports by +2.6% y-o-y. The increased supply in the world market is to keep sugar prices relatively stable over the next two years.
