Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Canada - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Canada (CIF) - 2023
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Canada (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Canada
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Canada
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Canada (CIF) - 2023
The average import price for raw cane sugar (without flavoring or coloring matter, other) stood at $618 per ton in December 2023, remaining stable against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +2.2%. The growth pace was the most rapid in April 2023 when the average import price increased by 13% month-to-month. The import price peaked at $621 per ton in November 2023, and then declined in the following month.
As there is only one major supplying country, the average price level is determined by prices for Brazil.
From December 2022 to December 2023, the rate of growth in terms of prices for El Salvador amounted to +3.2% per month.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Canada (FOB) - 2022
The average export price for raw cane sugar (without flavoring or coloring matter, other) stood at $690 per ton in 2022, waning by -28.4% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 447%. As a result, the export price attained the peak level of $1,125 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($1,837 per ton), while the average price for exports to France ($206 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 (+10.4%).
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Canada
In 2022, purchases abroad of raw cane sugar (without flavoring or coloring matter, other) decreased by -5.6% to 1.3M tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +6.2% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of 23%.
In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) expanded rapidly to $588M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +14.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 28%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 144 | 294 | 446 | 468 | 48.1% |
| Guatemala | 87.5 | 90.3 | 34.1 | 51.2 | -16.4% |
| El Salvador | 33.5 | 3.6 | 0.1 | 40.1 | 6.2% |
| Mexico | 73.6 | 1.3 | 13.7 | 13.3 | -43.5% |
| Nicaragua | 17.5 | 6.9 | N/A | N/A | -60.6% |
| Others | 32.6 | 10.5 | 26.5 | 15.8 | -21.4% |
| Total | 389 | 406 | 520 | 588 | 14.8% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to Canada in 2022:
- Brazil (1032.2K tons)
- Guatemala (113.1K tons)
- El Salvador (83.7K tons)
- Mexico (28.3K tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Canada
In 2022, exports of raw cane sugar (without flavoring or coloring matter, other) from Canada surged to 128 tons, picking up by 449% against the year before. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 570%. As a result, the exports reached the peak of 137 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, other) skyrocketed to $88K in 2022. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 355% against the previous year. As a result, the exports reached the peak of $91K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 18.8 | 87.3 | 19.5 | 68.0 | 53.5% |
| Barbados | N/A | N/A | N/A | 18.3 | 0% |
| France | 1.3 | 1.9 | 2.5 | 2.1 | 17.3% |
| Others | N/A | 2.1 | 0.5 | N/A | -76.2% |
| Total | 20.1 | 91.3 | 22.4 | 88.3 | 63.8% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from Canada in 2022:
- Barbados (81.0 tons)
- United States (37.0 tons)
- France (10.0 tons)
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