Price for Sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa in Switzerland - 2023

Contents:

1. Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Switzerland (FOB) - 2023
2. Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Switzerland (CIF) - 2023
3. Exports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Switzerland
4. Imports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Switzerland

Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Switzerland (FOB) - 2023

The average export price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa stood at $8,175 per ton in November 2023, growing by 2.6% against the previous month. Over the period from December 2022 to November 2023, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 6.9% month-to-month. The export price peaked at $8,237 per ton in July 2023; afterwards, it flattened through to November 2023.

Average prices varied somewhat for the major foreign markets. In November 2023, the highest price was recorded for prices to the United States ($8,821 per ton) and Austria ($8,669 per ton), while the average price for exports to Bulgaria ($6,071 per ton) and the UK ($6,285 per ton) were amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Switzerland (CIF) - 2023

In November 2023, the average import price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa amounted to $7,338 per ton, therefore, remained relatively stable against the previous month. Over the last eleven-month period, it increased at an average monthly rate of +1.3%. The growth pace was the most rapid in August 2023 when the average import price increased by 6% m-o-m. Over the period under review, average import prices attained the peak figure at $7,448 per ton in October 2023, and then reduced slightly in the following month.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Italy ($10,879 per ton), while the price for Poland ($4,270 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Belgium (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Switzerland

After two years of decline, overseas shipments of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa increased by 33% to 27K tons in 2022. The total export volume increased at an average annual rate of +3.7% 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 sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa skyrocketed to $178M in 2022. The total export value increased at an average annual rate of +4.7% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa from Switzerland in 2022:

1. United States (8.9K tons)
2. Germany (7.3K tons)
3. Canada (1.1K tons)
4. France (1.1K tons)
5. United Kingdom (0.9K tons)
6. Belgium (0.8K tons)
7. Italy (0.6K tons)
8. China (0.5K tons)

Imports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Switzerland

In 2022, approx. 23K tons of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa were imported into Switzerland; rising by 16% against 2021 figures. The total import volume increased at an average annual rate of +10.4% over the period 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 2021 when imports increased by 24% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa rose notably to $132M in 2022. The total import value increased at an average annual rate of +8.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 13% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa to Switzerland in 2022:

1. Germany (11.3K tons)
2. France (1.8K tons)
3. Poland (1.6K tons)
4. Netherlands (1.5K tons)
5. Austria (1.3K tons)
6. Spain (1.2K tons)
7. Belgium (1.1K tons)

Source: IndexBox Market Intelligence Platform