Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Japan - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Japan (CIF) - 2023
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Japan (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Japan
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Japan
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Japan (CIF) - 2023
In November 2023, the average import price for raw cane sugar (without flavoring or coloring matter) amounted to $1,179 per ton, remaining stable against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 44% month-to-month. As a result, import price attained the peak level of $1,715 per ton. From September 2023 to November 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Philippines ($1,896 per ton), while the price for China totaled $1,150 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Brazil (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Japan (FOB) - 2022
In 2022, the average export price for raw cane sugar (without flavoring or coloring matter) amounted to $3,776 per ton, with a decrease of -14.6% against the previous year. In general, the export price continues to indicate a abrupt descent. The growth pace was the most rapid in 2017 when the average export price increased by 14% against the previous year. Over the period under review, the average export prices attained the maximum at $7,585 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 export markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($8,214 per ton), while the average price for exports to China ($2,650 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 (+9.3%), while the prices for the other major destinations experienced a decline.
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Japan
In 2022, the amount of raw cane sugar (without flavoring or coloring matter) imported into Japan contracted to 6.6K tons, falling by -11.1% against the previous year's figure. Overall, imports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 4.4% against the previous year.
In value terms, imports of raw cane sugar (without flavoring or coloring matter) declined to $7.6M in 2022. In general, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 4.7% against the previous year.
Import of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Japan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 4.3 | 3.5 | 3.7 | 3.7 | -4.9% |
Thailand | 3.5 | 3.0 | 2.7 | 2.3 | -13.1% |
Philippines | 0.7 | 0.9 | 1.1 | 1.0 | 12.6% |
Bolivia | 0.8 | 0.4 | 0.6 | 0.4 | -20.6% |
Others | 0.3 | 0.3 | 0.3 | 0.2 | -12.6% |
Total | 9.5 | 8.0 | 8.4 | 7.6 | -7.2% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter) to Japan in 2022:
- China (3.1K tons)
- Thailand (2.3K tons)
- Philippines (0.7K tons)
- Bolivia (0.4K tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Japan
In 2022, overseas shipments of raw cane sugar (without flavoring or coloring matter) were finally on the rise to reach 104 tons after two years of decline. Overall, exports, however, showed a abrupt decrease.
In value terms, exports of raw cane sugar (without flavoring or coloring matter) amounted to $391K in 2022. Over the period under review, exports, however, showed a abrupt decline.
Export of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Japan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Hong Kong SAR | 180 | 233 | 193 | 162 | -3.5% |
Taiwan (Chinese) | 95.9 | 97.5 | 89.1 | 63.3 | -12.9% |
China | 194 | 125 | 8.7 | 58.3 | -33.0% |
South Korea | 263 | 46.5 | 25.9 | 49.3 | -42.8% |
United States | 2.4 | 16.4 | 42.0 | 49.2 | 173.7% |
Malaysia | N/A | N/A | 5.0 | 7.6 | 52.0% |
Others | 0.8 | 26.2 | 24.4 | 1.7 | 28.6% |
Total | 736 | 544 | 388 | 391 | -19.0% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter) from Japan in 2022:
- Hong Kong SAR (55.0 tons)
- China (22.0 tons)
- Taiwan (Chinese) (11.4 tons)
- United States (7.0 tons)
- South Korea (6.0 tons)
- Malaysia (1.8 tons)
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In value terms, cane and beet sugar and sucrose imports totaled $X in 2016. Overall, it indicated a perceptible growth from 2007 to 2016: the total imports value increased at an average annual rate ...
In value terms, cane and beet sugar and sucrose exports totaled $X in 2016. Overall, it indicated a strong growth from 2007 to 2016: the total exports value increased at an average annual rate of +X>
Discover the top import markets for sugar, including China, the United States, Indonesia, Bangladesh, and South Korea, and their importance in meeting global sugar demand. Gain valuable insights from the IndexBox market report on the sugar industry.
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.