Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Myanmar - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Myanmar (FOB) - 2022
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Myanmar
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Myanmar (FOB) - 2022
The average export price for raw cane sugar (without flavoring or coloring matter) stood at $132 per ton in 2022, approximately mirroring the previous year. Overall, the export price recorded a deep setback. The pace of growth appeared the most rapid in 2019 an increase of 54%. As a result, the export price attained the peak level of $347 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for China.
From 2018 to 2022, the rate of growth in terms of prices for China amounted to -12.6% per year.
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Myanmar
In 2022, overseas shipments of raw cane sugar (without flavoring or coloring matter) decreased by 0% to 6.8K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 644%. As a result, the exports reached the peak of 14K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of raw cane sugar (without flavoring or coloring matter) totaled $907K in 2022. In general, exports showed a remarkable increase. The pace of growth appeared the most rapid in 2020 when exports increased by 184%. As a result, the exports reached the peak of $1.8M. 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 Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 626 | 629 | N/A | 907 | 13.2% |
| Vietnam | N/A | 477 | N/A | N/A | 0% |
| Philippines | N/A | 695 | N/A | N/A | 0% |
| Others | 12.0 | 12.7 | N/A | N/A | 5.8% |
| Total | 638 | 1,814 | N/A | 907 | 12.4% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter) from Myanmar in 2022:
- China (6.8K tons)
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