Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Chile - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Chile (CIF) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Chile (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Chile
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Chile
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Chile (CIF) - 2022
The average import price for raw cane sugar (without flavoring or coloring matter) stood at $1,596 per ton in 2022, shrinking by -17.4% against the previous year. In general, the import price showed a slight contraction. The growth pace was the most rapid in 2021 when the average import price increased by 20%. The import price peaked at $2,129 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Peru ($2,641 per ton), while the price for Colombia amounted to $1,510 per ton.
From 2014 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (+14.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Chile (FOB) - 2022
In 2022, the average export price for raw cane sugar (without flavoring or coloring matter) amounted to $2,018 per ton, growing by 16% against the previous year. In general, the export price saw a prominent expansion. The growth pace was the most rapid in 2020 when the average export price increased by 27%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($6,893 per ton), while the average price for exports to Ecuador ($1,534 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 the United States (+23.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Chile
In 2022, supplies from abroad of raw cane sugar (without flavoring or coloring matter) decreased by -26.9% to 183 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports continue to indicate a perceptible setback. The pace of growth appeared the most rapid in 2020 with an increase of 18%.
In value terms, imports of raw cane sugar (without flavoring or coloring matter) declined significantly to $292K in 2022. Over the period under review, imports continue to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2021 with an increase of 25% against the previous year. As a result, imports reached the peak of $483K, and then fell sharply in the following year.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 287 | 387 | 401 | 255 | -3.9% |
| Peru | N/A | N/A | 79.4 | 34.5 | -56.5% |
| Ecuador | 23.2 | N/A | N/A | N/A | 0% |
| Honduras | 19.5 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 2.7 | 2.5 | -7.4% |
| Total | 330 | 387 | 483 | 292 | -4.0% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter) to Chile in 2022:
- Colombia (168.7 tons)
- Peru (13.1 tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Chile
For the third consecutive year, Chile recorded decline in overseas shipments of raw cane sugar (without flavoring or coloring matter), which decreased by -40.3% to 13 tons in 2022. Over the period under review, exports showed a dramatic curtailment. The smallest decline of -1.8% was in 2020.
In value terms, exports of raw cane sugar (without flavoring or coloring matter) fell remarkably to $26K in 2022. Overall, exports showed a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 25%. As a result, the exports attained the peak of $40K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 16.2 | 4.1 | 3.1 | 21.7 | 10.2% |
| United States | 5.5 | 2.3 | 1.4 | 2.3 | -25.2% |
| Ecuador | 1.5 | 0.1 | 0.7 | 1.3 | -4.7% |
| Colombia | 0.5 | 31.7 | 31.6 | 0.2 | -26.3% |
| Argentina | 5.3 | 1.0 | N/A | N/A | -81.1% |
| Others | 3.0 | 0.5 | N/A | N/A | -83.3% |
| Total | 31.9 | 39.7 | 36.9 | 25.6 | -7.1% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter) from Chile in 2022:
- Peru (11.4 tons)
- Ecuador (0.9 tons)
- United States (0.3 tons)
- Colombia (0.1 tons)
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