Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Ecuador - 2022
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Ecuador (CIF) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Ecuador (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Ecuador
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Ecuador
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Ecuador (CIF) - 2022
In 2022, the average import price for raw cane sugar (without flavoring or coloring matter, other) amounted to $471 per ton, which is down by -2.7% against the previous year. Over the period under review, the import price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 an increase of 32%. As a result, import price reached the peak level of $1,669 per ton. From 2014 to 2022, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Colombia.
From 2012 to 2022, the rate of growth in terms of prices for Guatemala amounted to -4.3% per year.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Ecuador (FOB) - 2022
In 2022, the average export price for raw cane sugar (without flavoring or coloring matter, other) amounted to $707 per ton, dropping by -4.6% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by 19%. As a result, the export price attained the peak level of $751 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($1,405 per ton), while the average price for exports to the United States ($629 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 (+0.0%), while the prices for the other major destinations experienced a decline.
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Ecuador
After three years of growth, supplies from abroad of raw cane sugar (without flavoring or coloring matter, other) decreased by -21% to 7.9K tons in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +12.8% 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 +43.7% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 72%. As a result, imports attained the peak of 10K tons, and then reduced remarkably in the following year.
In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) shrank remarkably to $3.7M in 2022. Over the period under review, imports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2021 when imports increased by 86%. As a result, imports attained the peak of $4.9M, and then fell sharply in the following year.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 2.5 | 2.6 | 4.4 | 3.7 | 14.0% |
| Peru | N/A | N/A | 0.5 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.5 | 2.6 | 4.9 | 3.7 | 14.0% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to Ecuador in 2022:
- Colombia (7.9K tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Ecuador
In 2022, approx. 21K tons of raw cane sugar (without flavoring or coloring matter, other) were exported from Ecuador; rising by 65% against 2021. Over the period under review, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 126%. As a result, the exports reached the peak of 30K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) skyrocketed to $15M in 2022. In general, exports enjoyed resilient growth. The pace of growth was the most pronounced in 2020 when exports increased by 108%. As a result, the exports attained the peak of $21M. 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 Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.7 | 14.7 | 6.7 | 11.9 | 21.1% |
| Italy | 0.5 | 1.3 | 0.6 | 0.7 | 11.9% |
| Spain | 0.5 | 0.8 | 0.3 | 0.4 | -7.2% |
| Others | 2.2 | 3.9 | 2.0 | 2.1 | -1.5% |
| Total | 9.9 | 20.7 | 9.6 | 15.1 | 15.1% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from Ecuador in 2022:
- United States (18.9K tons)
- Italy (0.5K tons)
- Spain (0.3K tons)
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