Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Turkey - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Turkey (CIF) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Turkey (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Turkey
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Turkey
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Turkey (CIF) - 2022
In 2022, the average import price for raw cane sugar (without flavoring or coloring matter, other) amounted to $2,196 per ton, growing by 69% against the previous year. Overall, the import price, however, saw a deep slump. The pace of growth was the most pronounced in 2019 when the average import price increased by 86%. The import price peaked at $9,810 per ton in 2014; however, from 2015 to 2022, import prices remained at a 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 Paraguay ($2,598 per ton), while the price for the UK ($567 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+88.9%), 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 Turkey (FOB) - 2022
The average export price for raw cane sugar (without flavoring or coloring matter, other) stood at $2,717 per ton in 2022, picking up by 36% against the previous year. Overall, the export price, however, showed a mild setback. Over the period under review, the average export prices attained the peak figure at $2,881 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Togo ($2,220 per ton) and Liberia ($2,200 per ton), while the average price for exports to Hong Kong SAR ($1,500 per ton) and Panama ($1,739 per ton) were amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Montenegro (+36.3%).
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Turkey
In 2022, imports of raw cane sugar (without flavoring or coloring matter, other) into Turkey totaled 2.8 tons, approximately equating the previous year's figure. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 827% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) skyrocketed to $6.2K in 2022. Over the period under review, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 447% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in years to come.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Paraguay | N/A | N/A | N/A | 5.8 | 0% |
| United Kingdom | N/A | N/A | N/A | 0.3 | 0% |
| South Korea | 1.1 | N/A | 2.6 | N/A | 53.7% |
| Germany | N/A | 0.7 | 0.2 | N/A | -71.4% |
| Brazil | N/A | N/A | 0.8 | N/A | 0% |
| Others | 1.9 | N/A | N/A | N/A | 0% |
| Total | 3.0 | 0.7 | 3.6 | 6.2 | 27.4% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to Turkey in 2022:
- Paraguay (2250.0 kg)
- United Kingdom (513.0 kg)
- Brazil (6.0 kg)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Turkey
After two years of growth, overseas shipments of raw cane sugar (without flavoring or coloring matter, other) decreased by -75.2% to 138 kg in 2022. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 4,177%. As a result, the exports attained the peak of 556 kg, and then dropped sharply in the following year.
In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) shrank remarkably to $375 in 2022. Over the period under review, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 4,015%. As a result, the exports attained the peak of $1.1K, and then declined markedly in the following year.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Turkey (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Togo | N/A | N/A | 111 | 0% | |
| Liberia | N/A | N/A | 44.0 | 0% | |
| Panama | N/A | N/A | 40.0 | 0% | |
| Croatia | N/A | N/A | 22.0 | 0% | |
| Malta | N/A | N/A | 11.0 | 0% | |
| Antigua and Barbuda | N/A | N/A | 11.0 | 0% | |
| Hong Kong SAR | N/A | N/A | 6.0 | 0% | |
| Palestine | N/A | 470 | N/A | 0% | |
| Ethiopia | N/A | 573 | N/A | 0% | |
| Others | 27.0 | 68.0 | 130 | 119.4% | |
| Total | 27.0 | 1,111 | 375 | 272.7% | |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from Turkey in 2022:
- Togo (50.0 kg)
- Panama (23.0 kg)
- Liberia (20.0 kg)
- Croatia (10.0 kg)
- Malta (5.0 kg)
- Antigua and Barbuda (5.0 kg)
- Hong Kong SAR (4.0 kg)
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