Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Panama - 2022

Contents:

1. Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Panama (FOB) - 2022
2. Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Panama (CIF) - 2022
3. Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Panama
4. Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Panama

Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Panama (FOB) - 2022

In 2022, the average export price for raw cane sugar (without flavoring or coloring matter, other) amounted to $654 per ton, falling by -8.1% against the previous year. Overall, the export price recorded a mild downturn. The pace of growth was the most pronounced in 2021 an increase of 18% against the previous year. The export price peaked at $770 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($1,249 per ton), while the average price for exports to the United States stood at $652 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+6.3%).

Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Panama (CIF) - 2022

The average import price for raw cane sugar (without flavoring or coloring matter, other) stood at $480 per ton in 2022, growing by 3.2% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced decrease. The growth pace was the most rapid in 2015 when the average import price increased by 136%. As a result, import price reached the peak level of $2,315 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($3,730 per ton), while the price for Belize ($449 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Panama

In 2022, after two years of decline, there was significant growth in overseas shipments of raw cane sugar (without flavoring or coloring matter, other), when their volume increased by 5.1% to 38K tons. Over the period under review, exports, however, saw a abrupt curtailment.

In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) dropped to $25M in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 7.4% against the previous year. As a result, the exports reached the peak of $25M, and then dropped modestly in the following year.

Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from Panama in 2022:

1. United States (37.5K tons)

Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Panama

In 2022, after three years of growth, there was significant decline in overseas purchases of raw cane sugar (without flavoring or coloring matter, other), when their volume decreased by -40.1% to 86 tons. Over the period under review, imports, however, saw a significant increase. The growth pace was the most rapid in 2020 when imports increased by 412% against the previous year.

In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) dropped dramatically to $41K in 2022. In general, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 323%. As a result, imports attained the peak of $67K, and then contracted notably in the following year.

Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to Panama in 2022:

1. Belize (78.9 tons)
2. Brazil (6.1 tons)

Source: IndexBox Market Intelligence Platform