Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in China - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in China (CIF) - 2023
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in China (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in China
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in China
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in China (CIF) - 2023
The average import price for raw cane sugar (without flavoring or coloring matter, other) stood at $616 per ton in December 2023, approximately mirroring the previous month. Overall, the import price enjoyed moderate growth. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 20% month-to-month. Over the period under review, average import prices attained the maximum at $775 per ton in June 2023; however, from July 2023 to December 2023, import prices failed to regain momentum.
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 Brazil amounted to +2.2% per month.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in China (FOB) - 2022
In 2022, the average export price for raw cane sugar (without flavoring or coloring matter, other) amounted to $1,230 per ton, growing by 28% against the previous year. In general, the export price recorded a mild increase. The most prominent rate of growth was recorded in 2021 an increase of 109%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($12,397 per ton), while the average price for exports to Japan stood at $938 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+55.2%), while the prices for the other major destinations experienced a decline.
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in China
After three years of growth, supplies from abroad of raw cane sugar (without flavoring or coloring matter, other) decreased by -6.6% to 4.6M tons in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +16.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 60% against the previous year.
In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) rose significantly to $2.2B in 2022. In general, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 65% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the immediate term.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 395 | 1,245 | 1,807 | 1,979 | 71.1% |
| El Salvador | 33.1 | 75.3 | 40.5 | 70.8 | 28.8% |
| Thailand | 133 | 6.7 | 3.3 | 54.1 | -25.9% |
| Guatemala | 27.4 | 8.2 | N/A | 50.2 | 22.4% |
| Cuba | 143 | 170 | 89.1 | 45.3 | -31.8% |
| Others | 200 | 33.7 | 2.9 | 13.3 | -59.5% |
| Total | 930 | 1,539 | 1,943 | 2,212 | 33.5% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to China in 2022:
- Brazil (4173.8K tons)
- El Salvador (134.9K tons)
- Thailand (108.1K tons)
- Guatemala (107.1K tons)
- Cuba (90.0K tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in China
In 2022, overseas shipments of raw cane sugar (without flavoring or coloring matter, other) decreased by -0.9% to 3.2K tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a abrupt decline. The pace of growth was the most pronounced in 2020 when exports increased by 235% against the previous year. As a result, the exports reached the peak of 13K 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, other) soared to $4M in 2022. In general, exports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2020 when exports increased by 79% against the previous year. As a result, the exports attained the peak of $6.1M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 3.4 | 2.8 | 3.1 | 3.0 | -4.1% |
| Malaysia | N/A | N/A | N/A | 1.0 | 0% |
| Others | N/A | 3.3 | 0.1 | N/A | -97.0% |
| Total | 3.4 | 6.1 | 3.2 | 4.0 | 5.6% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from China in 2022:
- Japan (3.1K tons)
- Malaysia (0.1K tons)
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