Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Colombia - 2022
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Colombia (FOB) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Colombia (CIF) - 2022
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Colombia
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Colombia
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Colombia (FOB) - 2022
In February 2022, the average export price for raw cane sugar (without flavoring or coloring matter, other) amounted to $579 per ton, growing by 7.3% against the previous month. Over the period from February 2021 to February 2022, it increased at an average monthly rate of +1.9%. The most prominent rate of growth was recorded in April 2021 an increase of 16% against the previous month. The export price peaked in February 2022.
Average prices varied somewhat for the major foreign markets. In February 2022, the highest price was recorded for prices to Germany ($698 per ton) and Spain ($635 per ton), while the average price for exports to Ecuador ($488 per ton) and Haiti ($506 per ton) were amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Colombia (CIF) - 2022
In 2022, the average import price for raw cane sugar (without flavoring or coloring matter, other) amounted to $350 per ton, declining by -5.5% against the previous year. Overall, the import price saw a deep downturn. The growth pace was the most rapid in 2019 when the average import price increased by 34% against the previous year. Over the period under review, average import prices reached the peak figure at $629 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Peru ($539 per ton), while the price for Brazil ($284 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (-0.2%), while the prices for the other major suppliers experienced a decline.
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Colombia
Exports of raw cane sugar (without flavoring or coloring matter, other) from Colombia surged to 225K tons in 2022, increasing by 22% compared with the previous year's figure. The total export volume increased at an average annual rate of +5.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 38%. As a result, the exports reached the peak of 263K 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) rose significantly to $110M in 2022. The total export value increased at an average annual rate of +7.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 42% against the previous year. As a result, the exports attained the peak of $125M. 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, Other) in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 25.2 | 38.7 | 25.0 | 26.4 | 1.6% |
| Haiti | 18.4 | 24.7 | 26.3 | 25.3 | 11.2% |
| Peru | 12.6 | 28.1 | 9.7 | 15.6 | 7.4% |
| Canada | 1.1 | 1.9 | 1.0 | 5.8 | 74.1% |
| Belgium | 3.1 | 4.9 | 3.3 | 5.5 | 21.1% |
| Germany | 2.4 | 7.4 | 6.8 | 5.1 | 28.6% |
| Italy | 1.1 | 1.3 | 2.2 | 3.9 | 52.5% |
| Czech Republic | 0.6 | 0.4 | 3.3 | 3.5 | 80.0% |
| Ecuador | 2.5 | 1.2 | 3.7 | 3.5 | 11.9% |
| Chile | 2.8 | 2.1 | 2.3 | 3.3 | 5.6% |
| Russia | 3.3 | 2.8 | 2.6 | 2.7 | -6.5% |
| Spain | 3.6 | 1.9 | 1.8 | 1.9 | -19.2% |
| Others | 11.2 | 9.3 | 8.1 | 7.7 | -11.7% |
| Total | 88.1 | 125 | 96.1 | 110 | 7.7% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from Colombia in 2022:
- Haiti (68.4K tons)
- Peru (50.5K tons)
- United States (31.1K tons)
- Belgium (10.3K tons)
- Ecuador (9.8K tons)
- Germany (8.2K tons)
- Canada (7.8K tons)
- Chile (6.8K tons)
- Italy (6.2K tons)
- Russia (6.2K tons)
- Czech Republic (5.6K tons)
- Spain (1.9K tons)
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Colombia
In 2022, imports of raw cane sugar (without flavoring or coloring matter, other) into Colombia surged to 18K tons, with an increase of 223% compared with 2021 figures. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 290%. As a result, imports attained the peak of 30K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) soared to $6.2M in 2022. In general, imports saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 239%. As a result, imports reached the peak of $10M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 2.7 | 5.3 | 1.1 | 4.0 | 14.0% |
| Brazil | 0.3 | 0.6 | 0.1 | 1.6 | 74.7% |
| Nicaragua | N/A | N/A | N/A | 0.4 | 0% |
| Bolivia | N/A | 4.3 | 0.3 | N/A | -93.0% |
| Mexico | N/A | N/A | 0.5 | N/A | 0% |
| Others | N/A | 0.1 | N/A | 0.1 | 0.0% |
| Total | 3.0 | 10.3 | 2.0 | 6.2 | 27.4% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to Colombia in 2022:
- Guatemala (10.9K tons)
- Brazil (5.6K tons)
- Nicaragua (0.9K tons)
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