Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Sri Lanka - 2022
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Sri Lanka (FOB) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Sri Lanka (CIF) - 2022
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Sri Lanka
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Sri Lanka
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Sri Lanka (FOB) - 2022
The average export price for raw cane sugar (without flavoring or coloring matter, other) stood at $2,423 per ton in 2022, rising by 29% against the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for raw cane sugar (without flavoring or coloring matter, other) increased by +38.5% against 2020 indices. The pace of growth appeared the most rapid in 2015 when the average export price increased by 49% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($3,145 per ton), while the average price for exports to the United Arab Emirates ($350 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 the United Arab Emirates (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Sri Lanka (CIF) - 2022
The average import price for raw cane sugar (without flavoring or coloring matter, other) stood at $995 per ton in 2022, rising by 108% against the previous year. In general, the import price posted resilient growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($1,000 per ton), while the price for India stood at $442 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Sri Lanka
In 2022, approx. 34 tons of raw cane sugar (without flavoring or coloring matter, other) were exported from Sri Lanka; declining by -70.6% compared with the previous year's figure. In general, exports faced a dramatic contraction. The pace of growth was the most pronounced in 2021 when exports increased by 450%.
In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) dropped dramatically to $83K in 2022. Overall, exports showed a precipitous slump. The pace of growth appeared the most rapid in 2021 when exports increased by 493%.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 18.3 | 1.0 | 28.1 | 61.9 | 50.1% |
| Canada | 4.6 | 0.1 | 0.9 | 11.3 | 34.9% |
| United States | N/A | N/A | N/A | 4.1 | 0% |
| United Arab Emirates | 0.4 | N/A | 1.8 | 1.4 | 51.8% |
| Switzerland | 18.8 | 0.7 | 0.4 | N/A | -85.4% |
| Germany | 5.6 | 1.3 | 7.4 | N/A | 15.0% |
| United Kingdom | 91.4 | 13.0 | 60.5 | N/A | -18.6% |
| France | 33.2 | 3.0 | 5.6 | N/A | -58.9% |
| Denmark | 9.8 | 2.1 | 6.1 | N/A | -21.1% |
| Others | 185 | 15.9 | 110 | 4.7 | -70.6% |
| Total | 367 | 37.2 | 221 | 83.4 | -39.0% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from Sri Lanka in 2022:
- Maldives (19.7 tons)
- Canada (7.0 tons)
- United Arab Emirates (4.1 tons)
- United States (2.5 tons)
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Sri Lanka
In 2022, after three years of growth, there was significant decline in purchases abroad of raw cane sugar (without flavoring or coloring matter, other), when their volume decreased by 99.9% to 24 tons. Overall, imports saw a precipitous decline. The growth pace was the most rapid in 2020 when imports increased by 26%.
In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) contracted rapidly to $24K in 2022. In general, imports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 51%. As a result, imports reached the peak of $51M, and then plummeted in the following year.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 0.6 | 0.7 | 0.7 | N/A | 8.0% |
| China | N/A | N/A | N/A | N/A | 0% |
| Guatemala | 1.9 | 2.6 | 2.9 | N/A | 23.5% |
| India | 19.5 | 29.1 | 46.2 | N/A | 53.9% |
| United Arab Emirates | 0.5 | 0.9 | 1.1 | N/A | 48.3% |
| Brazil | 0.9 | 0.6 | 0.3 | N/A | -42.3% |
| Others | N/A | 0.1 | 0.1 | N/A | 0.0% |
| Total | 23.5 | 34.1 | 51.3 | N/A | 47.7% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to Sri Lanka in 2022:
- China (24.0 tons)
- United Arab Emirates (0.4 tons)
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