Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Russia - 2022
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Russia (CIF) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Russia (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Russia
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Russia
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Russia (CIF) - 2022
In 2022, the average import price for raw cane sugar (without flavoring or coloring matter, other) amounted to $622 per ton, which is down by -2.5% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 48% against the previous year. Over the period under review, average import prices hit record highs at $638 per ton in 2021, and then contracted slightly in the following year.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Peru ($748 per ton), while the price for Colombia ($595 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+1.6%), while the prices for the other major suppliers experienced a decline.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Russia (FOB) - 2022
In 2022, the average export price for raw cane sugar (without flavoring or coloring matter, other) amounted to $1,506 per ton, with an increase of 19% against the previous year. In general, the export price, however, recorded a deep downturn. The growth pace was the most rapid in 2018 an increase of 23%. Over the period under review, the average export prices reached the peak figure at $2,921 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 export markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($2,056 per ton), while the average price for exports to Armenia ($1,250 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 Mongolia (+8.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Russia
In 2022, approx. 7.7K tons of raw cane sugar (without flavoring or coloring matter, other) were imported into Russia; which is down by -8% against the previous year's figure. Overall, imports faced a precipitous contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 19%.
In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) dropped to $4.8M in 2022. In general, imports recorded a significant curtailment. The growth pace was the most rapid in 2021 when imports increased by 26% against the previous year.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 42.9 | 2.0 | 2.6 | 3.2 | -57.9% |
| Mauritius | 25.8 | 0.8 | 0.9 | 1.0 | -66.2% |
| Peru | 0.1 | N/A | 0.1 | 0.4 | 58.7% |
| United Kingdom | 2.9 | 0.1 | 0.2 | 0.1 | -67.5% |
| Germany | 4.1 | N/A | 0.2 | N/A | -77.9% |
| Guatemala | 16.9 | 1.1 | 0.4 | N/A | -84.6% |
| Honduras | 1.4 | N/A | N/A | N/A | 0% |
| Others | 1.4 | 0.3 | 0.9 | 0.1 | -58.5% |
| Total | 95.4 | 4.3 | 5.4 | 4.8 | -63.1% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to Russia in 2022:
- Colombia (5.3K tons)
- Mauritius (1.7K tons)
- Peru (0.6K tons)
- United Kingdom (0.1K tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Russia
In 2022, shipments abroad of raw cane sugar (without flavoring or coloring matter, other) decreased by -21.9% to 223 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 74% against the previous year. As a result, the exports reached the peak of 285 tons, and then shrank rapidly in the following year.
In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) fell to $335K in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +19.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 59%.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 36.6 | 45.5 | 69.5 | 143 | 57.5% |
| Armenia | 2.0 | 15.3 | 36.4 | 99.9 | 268.3% |
| Kazakhstan | 15.7 | 47.5 | 103 | 92.3 | 80.5% |
| Uzbekistan | 27.9 | 38.3 | 25.1 | N/A | -5.2% |
| Azerbaijan | 45.8 | 66.0 | 57.2 | N/A | 11.8% |
| Georgia | 43.2 | 30.8 | 26.2 | N/A | -22.1% |
| Ukraine | 11.5 | 27.1 | 34.0 | N/A | 71.9% |
| Others | 11.7 | 38.2 | 10.6 | N/A | -4.8% |
| Total | 194 | 309 | 362 | 335 | 20.0% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from Russia in 2022:
- Belarus (97.9 tons)
- Armenia (79.9 tons)
- Kazakhstan (44.9 tons)
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