Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in New Zealand - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in New Zealand (CIF) - 2023
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in New Zealand (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in New Zealand
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in New Zealand
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in New Zealand (CIF) - 2023
The average import price for raw cane sugar (without flavoring or coloring matter, other) stood at $706 per ton in December 2023, increasing by 10% against the previous month. Over the period under review, the import price, however, saw a slight decline. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 103% m-o-m. As a result, import price attained the peak level of $1,029 per ton. From March 2023 to December 2023, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In December 2023, the country with the highest price was Thailand ($889 per ton), while the price for Australia totaled $708 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Thailand (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in New Zealand (FOB) - 2022
In 2022, the average export price for raw cane sugar (without flavoring or coloring matter, other) amounted to $937 per ton, with a decrease of -25.3% against the previous year. In general, the export price showed a deep reduction. The growth pace was the most rapid in 2018 an increase of 33% against the previous year. The export price peaked at $1,570 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($3,286 per ton), while the average price for exports to Singapore ($757 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 French Polynesia (+13.5%), 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 New Zealand
In 2022, approx. 180K tons of raw cane sugar (without flavoring or coloring matter, other) were imported into New Zealand; falling by -14.1% on 2021. Over the period under review, imports continue to indicate a noticeable descent. The pace of growth was the most pronounced in 2021 with an increase of 4.1%. As a result, imports attained the peak of 209K tons, and then fell in the following year.
In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) reduced modestly to $92M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +11.5% 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 +38.7% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 41% against the previous year. As a result, imports reached the peak of $94M, and then declined modestly in the following year.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 26.7 | 10.9 | 42.1 | 89.8 | 49.8% |
| Brazil | 0.4 | 24.0 | 12.5 | 0.2 | -20.6% |
| Nicaragua | 9.8 | N/A | N/A | N/A | 0% |
| Guatemala | 19.2 | 20.2 | 19.4 | N/A | 0.5% |
| Costa Rica | N/A | N/A | 5.4 | N/A | 0% |
| Honduras | 5.7 | N/A | N/A | N/A | 0% |
| Others | 4.3 | 11.5 | 14.6 | 1.6 | -28.1% |
| Total | 66.0 | 66.6 | 94.0 | 91.6 | 11.5% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to New Zealand in 2022:
- Australia (177.2K tons)
- Brazil (0.5K tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in New Zealand
In 2022, exports of raw cane sugar (without flavoring or coloring matter, other) from New Zealand soared to 339 tons, increasing by 850% against 2021 figures. In general, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) soared to $317K in 2022. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | N/A | N/A | N/A | 204 | 0% |
| Samoa | 0.8 | N/A | N/A | 28.4 | 228.7% |
| American Samoa | 11.4 | 10.3 | 24.7 | 23.3 | 26.9% |
| China | N/A | N/A | 11.9 | 20.0 | 68.1% |
| Australia | 32.8 | 1.4 | 1.9 | 19.6 | -15.8% |
| Fiji | N/A | 4.5 | 1.0 | 9.3 | 43.8% |
| Others | 13.5 | 15.3 | 5.2 | 12.2 | -3.3% |
| Total | 58.4 | 31.4 | 44.7 | 317 | 75.7% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from New Zealand in 2022:
- Singapore (270.0 tons)
- American Samoa (22.1 tons)
- Samoa (18.9 tons)
- China (9.0 tons)
- Australia (6.0 tons)
- Fiji (5.7 tons)
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