Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Colombia - 2022
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Colombia (FOB) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Colombia (CIF) - 2022
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Colombia
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Colombia
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Colombia (FOB) - 2022
In February 2022, the average export price for raw cane sugar (without flavoring or coloring matter) amounted to $1,539 per ton, approximately reflecting the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in September 2021 when the average export price increased by 4.4% against the previous month. As a result, the export price attained the peak level of $1,604 per ton. From October 2021 to February 2022, the the average export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In February 2022, the countries with the highest prices were the Netherlands ($1,743 per ton) and Italy ($1,629 per ton), while the average price for exports to Chile ($1,218 per ton) and France ($1,385 per ton) were amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+0.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Colombia (CIF) - 2022
The average import price for raw cane sugar (without flavoring or coloring matter) stood at $568 per ton in 2022, declining by -4.3% against the previous year. In general, the import price recorded a slight contraction. The most prominent rate of growth was recorded in 2019 an increase of 14% against the previous year. As a result, import price attained the peak level of $756 per ton. From 2020 to 2022, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($606 per ton), while the price for Ecuador totaled $560 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+2.9%), while the prices for the other major suppliers experienced a decline.
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Colombia
In 2022, approx. 12K tons of raw cane sugar (without flavoring or coloring matter) were exported from Colombia; with an increase of 7% on the previous year's figure. The total export volume increased at an average annual rate of +8.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 36%. As a result, the exports attained the peak of 12K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of raw cane sugar (without flavoring or coloring matter) rose slightly to $17M in 2022. The total export value increased at an average annual rate of +7.8% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 30% against the previous year. As a result, the exports attained the peak of $18M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.6 | 6.9 | 6.3 | 8.4 | 22.2% |
| Spain | 3.9 | 5.6 | 5.3 | 4.6 | 5.7% |
| Italy | 0.9 | 0.8 | 1.0 | 0.7 | -8.0% |
| Bahamas | 0.9 | 0.1 | 0.6 | 0.7 | -8.0% |
| Germany | 0.2 | 0.2 | 0.2 | 0.4 | 26.0% |
| Panama | 0.3 | 0.4 | 0.1 | 0.3 | 0.0% |
| Chile | 0.4 | 0.6 | 0.8 | 0.3 | -9.1% |
| France | 0.4 | 0.4 | 0.5 | 0.2 | -20.6% |
| Grenada | 0.4 | 0.4 | N/A | N/A | 0.0% |
| Others | 1.5 | 2.2 | 1.7 | 1.5 | 0.0% |
| Total | 13.6 | 17.7 | 16.5 | 17.1 | 7.9% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter) from Colombia in 2022:
- United States (5.6K tons)
- Spain (3.4K tons)
- Bahamas (0.6K tons)
- Italy (0.4K tons)
- Panama (0.3K tons)
- Germany (0.2K tons)
- Chile (0.2K tons)
- France (0.1K tons)
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Colombia
In 2022, imports of raw cane sugar (without flavoring or coloring matter) into Colombia skyrocketed to 1K tons, jumping by 42% on 2021 figures. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +7.9% 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 decreased by -22.9% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 63% against the previous year. As a result, imports attained the peak of 1.3K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of raw cane sugar (without flavoring or coloring matter) soared to $574K in 2022. In general, imports, however, recorded a mild decline.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 444 | 624 | 259 | 467 | 1.7% |
| United States | 30.0 | 96.1 | 85.9 | 106 | 52.3% |
| Spain | 133 | N/A | 36.2 | N/A | -47.8% |
| Others | 0.6 | 5.7 | 39.9 | 0.2 | -30.7% |
| Total | 608 | 726 | 421 | 574 | -1.9% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter) to Colombia in 2022:
- Ecuador (833.6 tons)
- United States (175.3 tons)
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