Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Guatemala - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Guatemala (FOB) - 2023
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Guatemala (CIF) - 2022
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Guatemala
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Guatemala
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Guatemala (FOB) - 2023
The average export price for raw cane sugar (without flavoring or coloring matter, other) stood at $525 per ton in October 2023, increasing by 6% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 when the average export price increased by 28% m-o-m. As a result, the export price reached the peak level of $740 per ton. From December 2022 to October 2023, the the average export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In October 2023, the countries with the highest prices were Peru ($565 per ton) and Taiwan (Chinese) ($517 per ton), while the average price for exports to Haiti ($462 per ton) and Mexico ($501 per ton) were amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+7.8%), 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 Guatemala (CIF) - 2022
The average import price for raw cane sugar (without flavoring or coloring matter, other) stood at $1,198 per ton in 2022, falling by -43.9% against the previous year. In general, the import price saw a deep setback. The most prominent rate of growth was recorded in 2020 when the average import price increased by 112%. Over the period under review, average import prices attained the peak figure at $3,754 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for South Korea.
From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to +11.5% per year.
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Guatemala
In 2022, overseas shipments of raw cane sugar (without flavoring or coloring matter, other) were finally on the rise to reach 812K tons after two years of decline. Over the period under review, exports, however, saw a abrupt shrinkage.
In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) soared to $350M in 2022. In general, total exports indicated moderate growth from 2019 to 2022: its value increased at an average annual rate of +2.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 63.0 | 32.9 | 43.8 | 85.9 | 10.9% |
| China | 34.9 | 8.9 | 0.9 | 62.9 | 21.7% |
| Taiwan (Chinese) | 29.7 | 32.6 | 26.8 | 62.6 | 28.2% |
| Canada | 101 | 79.2 | 36.7 | 54.8 | -18.4% |
| Peru | 5.4 | 10.7 | 1.6 | 22.3 | 60.4% |
| Haiti | 12.5 | 15.1 | 9.7 | 12.7 | 0.5% |
| Spain | 0.2 | 0.1 | 0.5 | 9.7 | 264.7% |
| Saint Vincent and the Grenadines | N/A | N/A | N/A | 8.3 | 0% |
| Congo | 14.9 | 6.3 | N/A | 6.7 | -23.4% |
| New Zealand | 27.5 | 18.2 | 7.3 | N/A | -48.5% |
| Others | 39.1 | 64.1 | 70.5 | 24.1 | -14.9% |
| Total | 328 | 268 | 198 | 350 | 2.2% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from Guatemala in 2022:
- United States (195.8K tons)
- China (153.6K tons)
- Taiwan (Chinese) (143.2K tons)
- Canada (120.0K tons)
- Peru (49.7K tons)
- Haiti (27.1K tons)
- Spain (23.8K tons)
- Saint Vincent and the Grenadines (23.7K tons)
- Congo (14.4K tons)
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Guatemala
In 2022, imports of raw cane sugar (without flavoring or coloring matter, other) into Guatemala fell markedly to 3.3 tons, which is down by -22.4% on 2021 figures. Over the period under review, imports recorded a perceptible contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 120%. As a result, imports attained the peak of 4.3 tons, and then shrank markedly in the following year.
In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) reduced markedly to $4K in 2022. In general, imports, however, posted buoyant growth. The growth pace was the most rapid in 2021 with an increase of 141% against the previous year. As a result, imports attained the peak of $9.1K, and then declined remarkably in the following year.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 3.3 | 1.2 | 2.8 | 3.9 | 5.7% |
| Spain | N/A | 0.3 | 0.6 | N/A | 100.0% |
| United States | N/A | 2.1 | N/A | N/A | 0% |
| Cuba | N/A | N/A | 5.0 | N/A | 0% |
| Others | N/A | 0.1 | 0.7 | 0.1 | 0.0% |
| Total | 3.3 | 3.8 | 9.1 | 4.0 | 6.6% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to Guatemala in 2022:
- South Korea (3.3 tons)
173
This report provides an in-depth analysis of the sugar market in Guatemala.
732
Global Raw Cane Sugar Market Report 2018. This report provides an in-depth analysis of the global raw cane sugar market.
150
This report provides an in-depth analysis of the global sugar market.
608
Global Flavoured Refined Cane Sugar Market Report 2018. This report provides an in-depth analysis of the global market for flavoured refined cane sugar.
601
Global Refined Cane Sugar Market Report 2018. This report provides an in-depth analysis of the global refined cane sugar market.
638
Global Refined White Cane Sugar Market Report 2018. This report provides an in-depth analysis of the global market for refined white cane sugar.
2421
This report provides an in-depth analysis of the global sugar market.
173
This report provides an in-depth analysis of the sugar market in Guatemala.
732
Global Raw Cane Sugar Market Report 2018. This report provides an in-depth analysis of the global raw cane sugar market.
150
This report provides an in-depth analysis of the global sugar market.
1348
In value terms, cane and beet sugar and sucrose imports totaled $X in 2016. Overall, it indicated a perceptible growth from 2007 to 2016: the total imports value increased at an average annual rate ...
1717
In value terms, cane and beet sugar and sucrose exports totaled $X in 2016. Overall, it indicated a strong growth from 2007 to 2016: the total exports value increased at an average annual rate of +X>
323
Discover the top import markets for sugar, including China, the United States, Indonesia, Bangladesh, and South Korea, and their importance in meeting global sugar demand. Gain valuable insights from the IndexBox market report on the sugar industry.
1364
This year, world sugar production is expected to rise by 3% to 193M tons. The growth will be encouraged by favorable weather conditions in most of the largest producing countries, as well as the providing exemptions on the neonicotinoid usage against plant diseases and blights in France, Germany and the UK. The drop in sugar production and shipments from Brazil will be offset by large volumes coming from Thailand, which will boost global exports by +2.6% y-o-y. The increased supply in the world market is to keep sugar prices relatively stable over the next two years.
1100
The global sugar market rose to $105.3B in 2019, surging by 1.9% against the previous year. This figure reflects the...
970
The global sugar market revenue amounted to $99.9B in 2017, increasing by 13% against the previous year. This figure refle...
1348
In value terms, cane and beet sugar and sucrose imports totaled $X in 2016. Overall, it indicated a perceptible growth from 2007 to 2016: the total imports value increased at an average annual rate ...
1717
In value terms, cane and beet sugar and sucrose exports totaled $X in 2016. Overall, it indicated a strong growth from 2007 to 2016: the total exports value increased at an average annual rate of +X>
323
Discover the top import markets for sugar, including China, the United States, Indonesia, Bangladesh, and South Korea, and their importance in meeting global sugar demand. Gain valuable insights from the IndexBox market report on the sugar industry.
1364
This year, world sugar production is expected to rise by 3% to 193M tons. The growth will be encouraged by favorable weather conditions in most of the largest producing countries, as well as the providing exemptions on the neonicotinoid usage against plant diseases and blights in France, Germany and the UK. The drop in sugar production and shipments from Brazil will be offset by large volumes coming from Thailand, which will boost global exports by +2.6% y-o-y. The increased supply in the world market is to keep sugar prices relatively stable over the next two years.
