Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Myanmar - 2022
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Myanmar (FOB) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Myanmar (CIF) - 2022
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Myanmar
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Myanmar
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Myanmar (FOB) - 2022
In 2022, the average export price for raw cane sugar (without flavoring or coloring matter, other) amounted to $535 per ton, rising by 20% against the previous year. In general, the export price, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2021 an increase of 44% against the previous year. Over the period under review, the average export prices attained the maximum at $698 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($616 per ton), while the average price for exports to Vietnam totaled $534 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+16.3%).
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Myanmar (CIF) - 2022
The average import price for raw cane sugar (without flavoring or coloring matter, other) stood at $455 per ton in 2022, growing by 9.4% against the previous year. Overall, the import price, however, continues to indicate a abrupt contraction. Over the period under review, average import prices reached the maximum at $966 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for Guatemala amounted to +4.8% per year.
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Myanmar
Exports of raw cane sugar (without flavoring or coloring matter, other) from Myanmar declined significantly to 21K tons in 2022, dropping by -84.2% compared with 2021 figures. Over the period under review, exports continue to indicate a sharp decrease. The growth pace was the most rapid in 2021 when exports increased by 2.2% against the previous year.
In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) contracted notably to $11M in 2022. In general, exports faced a significant curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | N/A | 17.3 | 52.1 | 11.2 | -19.5% |
| China | 99.9 | 23.2 | 7.7 | 0.1 | -90.0% |
| Others | 0.9 | 0.2 | N/A | N/A | -77.8% |
| Total | 101 | 40.6 | 59.8 | 11.4 | -51.7% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from Myanmar in 2022:
- Vietnam (21.0K tons)
- China (0.2K tons)
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Myanmar
In 2022, the amount of raw cane sugar (without flavoring or coloring matter, other) imported into Myanmar dropped sharply to 16 tons, falling by -80.8% on the previous year's figure. Over the period under review, imports saw a dramatic slump. The smallest decline of -20% was in 2021.
In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) declined remarkably to $7.1K in 2022. In general, imports showed a significant decline. The smallest decline of -20% was in 2021.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 180 | 40.6 | 32.7 | 7.1 | -66.0% |
| Singapore | 8.8 | 1.4 | 0.8 | N/A | -69.8% |
| Thailand | 10.1 | 0.4 | 0.4 | N/A | -80.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 199 | 42.4 | 33.9 | 7.1 | -67.1% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to Myanmar in 2022:
- India (15.7 tons)
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