Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Costa Rica - 2022
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Costa Rica (FOB) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Costa Rica (CIF) - 2022
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Costa Rica
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Costa Rica
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Costa Rica (FOB) - 2022
In 2022, the average export price for raw cane sugar (without flavoring or coloring matter, other) amounted to $481 per ton, rising by 16% against the previous year. In general, the export price, however, showed a mild curtailment. The most prominent rate of growth was recorded in 2017 an increase of 40%. The export price peaked at $537 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($785 per ton), while the average price for exports to the UK ($413 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 South Korea (+12.3%), 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 Costa Rica (CIF) - 2022
The average import price for raw cane sugar (without flavoring or coloring matter, other) stood at $24,429 per ton in 2022, with an increase of 4,138% against the previous year. Overall, the import price enjoyed significant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 Panama ($34,000 per ton), while the price for Honduras ($13,667 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+96.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Costa Rica
In 2022, the amount of raw cane sugar (without flavoring or coloring matter, other) exported from Costa Rica dropped to 164K tons, declining by -14.9% against the previous year's figure. Overall, exports saw a perceptible reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 16% against the previous year. As a result, the exports reached the peak of 193K tons, and then shrank in the following year.
In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) declined slightly to $79M in 2022. The total export value increased at an average annual rate of +8.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. As a result, the exports attained the peak of $80M, and then shrank slightly in the following year.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Costa Rica (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 16.9 | 3.8 | 13.2 | 51.2 | 44.7% |
| South Korea | N/A | 19.0 | 13.2 | 14.9 | -11.4% |
| United Kingdom | 4.7 | 2.4 | 1.5 | 5.5 | 5.4% |
| Belgium | 0.2 | 0.4 | 1.0 | 2.2 | 122.4% |
| Germany | N/A | N/A | N/A | 1.9 | 0% |
| Canada | 9.2 | 6.3 | 6.1 | 0.7 | -57.6% |
| New Zealand | 5.4 | 3.9 | 3.6 | N/A | -18.4% |
| China | 22.0 | 22.4 | 35.2 | N/A | 26.5% |
| Portugal | 3.2 | 2.7 | 3.6 | N/A | 6.1% |
| Others | 1.0 | 1.1 | 2.6 | 2.7 | 39.2% |
| Total | 62.8 | 61.9 | 80.0 | 79.1 | 8.0% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from Costa Rica in 2022:
- United States (105.0K tons)
- South Korea (35.0K tons)
- United Kingdom (13.2K tons)
- Belgium (3.8K tons)
- Germany (2.7K tons)
- Canada (0.9K tons)
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Costa Rica
For the third consecutive year, Costa Rica recorded decline in supplies from abroad of raw cane sugar (without flavoring or coloring matter, other), which decreased by 99.9% to 7 kg in 2022. Over the period under review, imports faced a precipitous contraction. The smallest decline of -19.1% was in 2020.
In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) dropped remarkably to $171 in 2022. Overall, imports saw a dramatic decline. The smallest decline of -4.6% was in 2020.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | N/A | N/A | N/A | 0.1 | 0% |
| Guatemala | 10.1 | 3.9 | N/A | 0.1 | -78.5% |
| Honduras | N/A | N/A | N/A | N/A | 0% |
| Brazil | 120 | 117 | 70.8 | N/A | -23.2% |
| Others | 1.5 | 4.2 | 48.3 | N/A | 467.5% |
| Total | 131 | 125 | 119 | 0.2 | -88.5% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to Costa Rica in 2022:
- Honduras (3.0 kg)
- Guatemala (2.0 kg)
- Panama (2.0 kg)
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