Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Indonesia - 2022

Contents:

1. Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Indonesia (CIF) - 2022
2. Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Indonesia (FOB) - 2022
3. Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Indonesia
4. Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Indonesia

Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Indonesia (CIF) - 2022

The average import price for raw cane sugar (without flavoring or coloring matter) stood at $494 per ton in 2022, with an increase of 6.1% against the previous year. In general, the import price, however, saw a slight decrease. The most prominent rate of growth was recorded in 2019 when the average import price increased by 29%. Over the period under review, average import prices hit record highs at $561 per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 Australia ($2,518 per ton), while the price for the United Arab Emirates ($420 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+12.5%), while the prices for the other major suppliers experienced a decline.

Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Indonesia (FOB) - 2022

The average export price for raw cane sugar (without flavoring or coloring matter) stood at $3,034 per ton in 2022, almost unchanged from the previous year. Over the period under review, the export price continues to indicate a mild descent. The most prominent rate of growth was recorded in 2017 when the average export price increased by 80%. The export price peaked at $3,372 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($5,517 per ton), while the average price for exports to Germany ($1,000 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 Taiwan (Chinese) (+7.3%), 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 Indonesia

In 2022, approx. 942 tons of raw cane sugar (without flavoring or coloring matter) were imported into Indonesia; surging by 6% against the year before. The total import volume increased at an average annual rate of +10.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 45% against the previous year. As a result, imports attained the peak of 1K 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) expanded significantly to $465K in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +16.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -10.0% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 75% against the previous year. As a result, imports reached the peak of $517K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter) to Indonesia in 2022:

1. United Arab Emirates (906.7 tons)
2. India (27.1 tons)
3. Australia (8.0 tons)

Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Indonesia

In 2022, the amount of raw cane sugar (without flavoring or coloring matter) exported from Indonesia contracted rapidly to 2.2 tons, shrinking by -47.5% on the previous year. Over the period under review, exports, however, recorded prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 1,910% against the previous year. As a result, the exports attained the peak of 4.2 tons, and then dropped dramatically in the following year.

In value terms, exports of raw cane sugar (without flavoring or coloring matter) reduced remarkably to $6.7K in 2022. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 2,249% against the previous year. As a result, the exports reached the peak of $13K, and then dropped dramatically in the following year.

Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter) from Indonesia in 2022:

1. France (871.0 kg)
2. Hong Kong SAR (566.0 kg)
3. Czech Republic (250.0 kg)
4. Taiwan (Chinese) (249.0 kg)
5. Singapore (202.0 kg)
6. Slovakia (58.0 kg)

Source: IndexBox Market Intelligence Platform