Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Malaysia - 2024
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Malaysia (CIF) - 2024
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Malaysia (FOB) - 2024
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Malaysia
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Malaysia
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Malaysia (CIF) - 2024
The average import price for raw cane sugar (without flavoring or coloring matter, other) stood at $697 per ton in December 2023, growing by 2.6% against the previous month. Over the period from January 2023 to December 2023, it increased at an average monthly rate of +2.3%. The growth pace was the most rapid in May 2023 an increase of 22% month-to-month. Over the period under review, average import prices attained the peak figure in December 2023.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was Thailand ($748 per ton), while the price for Brazil totaled $697 per ton.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by India (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Malaysia (FOB) - 2024
In May 2023, the average export price for raw cane sugar (without flavoring or coloring matter, other) amounted to $570 per ton, surging by 3.2% against the previous month. Over the period from April 2023 to May 2023, it increased at an average monthly rate of +3.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major overseas markets. In May 2023, the country with the highest price was New Zealand ($774 per ton), while the average price for exports to Thailand totaled $555 per ton.
From April 2023 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (0.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Malaysia
In 2022, purchases abroad of raw cane sugar (without flavoring or coloring matter, other) decreased by -6.6% to 1.8M tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 20% against the previous year. As a result, imports attained the peak of 2.1M tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) dropped slightly to $805M in 2022. The total import value increased at an average annual rate of +12.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 26% against the previous year.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 121 | 456 | 667 | 449 | 54.8% |
| Thailand | 175 | 17.9 | 17.1 | 199 | 4.4% |
| India | 34.0 | 132 | 89.7 | 141 | 60.7% |
| South Africa | 209 | 94.5 | 9.2 | 16.0 | -57.5% |
| Guatemala | 13.8 | 15.0 | 20.1 | N/A | 20.7% |
| Others | 14.8 | N/A | 9.7 | N/A | -19.0% |
| Total | 567 | 715 | 813 | 805 | 12.4% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to Malaysia in 2022:
- Brazil (1012.9K tons)
- Thailand (401.1K tons)
- India (316.6K tons)
- South Africa (32.0K tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Malaysia
In 2022, the amount of raw cane sugar (without flavoring or coloring matter, other) exported from Malaysia amounted to 1.5K tons, therefore, remained relatively stable against 2021. In general, exports faced a sharp descent. The smallest decline of 99.9% was in 2021.
In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) totaled $602K in 2022. Overall, exports showed a precipitous decrease. The smallest decline of 99.9% was in 2021.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Fiji | 196 | N/A | 530 | 64.4% | |
| Hong Kong SAR | 128 | N/A | 31.7 | -50.2% | |
| New Zealand | 160 | N/A | 7.9 | -77.8% | |
| Indonesia | 527 | N/A | N/A | 0% | |
| Canada | 80.4 | N/A | N/A | 0% | |
| Others | 113 | N/A | 32.0 | -46.8% | |
| Total | 1,203 | N/A | 602 | -29.3% | |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from Malaysia in 2022:
- Fiji (1390.5 tons)
- Hong Kong SAR (40.6 tons)
- New Zealand (24.1 tons)
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