Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Australia - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Australia (CIF) - 2023
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Australia
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Australia (CIF) - 2023
The average import price for raw cane sugar (without flavoring or coloring matter, other) stood at $983 per ton in December 2023, falling by -28.4% against the previous month. Overall, the import price continues to indicate a abrupt decline. The pace of growth was the most pronounced in May 2023 when the average import price increased by 40% month-to-month. The import price peaked at $2,074 per ton in December 2022; however, from January 2023 to December 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Sri Lanka ($2,321 per ton), while the price for Brazil ($775 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Australia
In 2022, approx. 1.6K tons of raw cane sugar (without flavoring or coloring matter, other) were imported into Australia; which is down by -35.6% compared with 2021 figures. Over the period under review, imports saw a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 35%. As a result, imports attained the peak of 2.5K tons, and then dropped sharply in the following year.
In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) contracted markedly to $2.1M in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 56%. As a result, imports attained the peak of $3.2M, and then fell dramatically in the following year.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 857 | 591 | 952 | 593 | -11.6% |
| India | 181 | 411 | 973 | 444 | 34.9% |
| China | 372 | 326 | 283 | 420 | 4.1% |
| Sri Lanka | 33.7 | 141 | 387 | 167 | 70.5% |
| Paraguay | 82.6 | 80.7 | 83.6 | 60.4 | -9.9% |
| Mauritius | 30.5 | N/A | 46.6 | 44.9 | 13.8% |
| Taiwan (Chinese) | 106 | 70.2 | 153 | 38.3 | -28.8% |
| Thailand | 289 | 155 | 24.9 | 28.5 | -53.8% |
| Others | 150 | 244 | 254 | 256 | 19.5% |
| Total | 2,100 | 2,018 | 3,156 | 2,053 | -0.8% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to Australia in 2022:
- Brazil (695.5 tons)
- India (283.9 tons)
- China (227.6 tons)
- Paraguay (95.0 tons)
- Sri Lanka (89.0 tons)
- Mauritius (48.0 tons)
- Thailand (31.9 tons)
- Taiwan (Chinese) (17.1 tons)
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