Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the United States - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the United States (CIF) - 2023
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the United States (FOB) - 2023
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the United States
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the United States
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the United States (CIF) - 2023
The average import price for raw cane sugar (without flavoring or coloring matter, other) stood at $783 per ton in December 2023, with an increase of 1.5% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in September 2023 when the average import price increased by 13% month-to-month. Over the period under review, average import prices reached the peak figure at $837 per ton in October 2023; however, from November 2023 to December 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In December 2023, the highest price was recorded for prices from Mexico ($932 per ton) and the Dominican Republic ($840 per ton), while the price for Guatemala ($740 per ton) and Brazil ($756 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by El Salvador (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the United States (FOB) - 2023
In December 2023, the average export price for raw cane sugar (without flavoring or coloring matter, other) amounted to $657 per ton, approximately reflecting the previous month. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in October 2023 an increase of 25% month-to-month. As a result, the export price attained the peak level of $766 per ton. From November 2023 to December 2023, the the average export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In December 2023, the country with the highest price was Canada ($692 per ton), while the average price for exports to India ($596 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+0.7%), 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 the United States
In 2022, imports of raw cane sugar (without flavoring or coloring matter, other) into the United States rose significantly to 2.4M tons, increasing by 10% compared with the previous year. Over the period under review, imports showed a slight expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) surged to $1.6B in 2022. The total import value increased at an average annual rate of +11.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 405 | 413 | 461 | 698 | 19.9% |
| Dominican Republic | 97.8 | 116 | 120 | 151 | 15.6% |
| Brazil | 94.5 | 170 | 168 | 107 | 4.2% |
| Guatemala | 73.4 | 44.4 | 76.4 | 104 | 12.3% |
| Australia | 68.1 | 71.6 | 58.1 | 78.2 | 4.7% |
| El Salvador | 56.6 | 33.1 | 22.0 | 75.7 | 10.2% |
| Costa Rica | 42.0 | 14.2 | 37.8 | 66.5 | 16.6% |
| Peru | 46.3 | 34.4 | 23.5 | 56.6 | 6.9% |
| Nicaragua | 31.7 | 9.0 | 50.2 | 32.7 | 1.0% |
| Panama | 25.2 | 23.0 | 24.1 | 26.5 | 1.7% |
| Argentina | 42.6 | 38.4 | 30.4 | 18.8 | -23.9% |
| Philippines | 39.4 | 59.3 | 69.9 | N/A | 33.2% |
| Others | 158 | 199 | 133 | 198 | 7.8% |
| Total | 1,180 | 1,226 | 1,274 | 1,614 | 11.0% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to the United States in 2022:
- Mexico (986.1K tons)
- Dominican Republic (236.1K tons)
- Guatemala (177.8K tons)
- Brazil (161.5K tons)
- El Salvador (131.5K tons)
- Australia (109.0K tons)
- Costa Rica (99.9K tons)
- Peru (78.3K tons)
- Nicaragua (64.0K tons)
- Panama (37.4K tons)
- Argentina (25.4K tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the United States
In 2022, exports of raw cane sugar (without flavoring or coloring matter, other) from the United States soared to 6.8K tons, picking up by 117% compared with the year before. In general, exports recorded resilient growth. As a result, the exports reached 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 $4.3M in 2022. Overall, exports showed a prominent expansion. 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 the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 2,559 | 917 | 991 | 3,414 | 10.1% |
| South Korea | 272 | 340 | 453 | 413 | 14.9% |
| Mexico | 66.4 | 153 | 152 | 298 | 64.9% |
| China | N/A | N/A | 161 | N/A | 0% |
| Taiwan (Chinese) | 138 | 72.5 | N/A | N/A | -47.5% |
| Others | 169 | 65.4 | 312 | 139 | -6.3% |
| Total | 3,204 | 1,548 | 2,070 | 4,264 | 10.0% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from the United States in 2022:
- Canada (5.5K tons)
- South Korea (0.7K tons)
- Mexico (0.4K tons)
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