Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Sri Lanka - 2022
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Sri Lanka (CIF) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Sri Lanka (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Sri Lanka
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Sri Lanka
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Sri Lanka (CIF) - 2022
In 2022, the average import price for raw cane sugar (without flavoring or coloring matter) amounted to $2,908 per ton, with an increase of 650% against the previous year. In general, the import price posted a remarkable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +26.0% per year.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Sri Lanka (FOB) - 2022
The average export price for raw cane sugar (without flavoring or coloring matter) stood at $3,173 per ton in 2022, rising by 143% against the previous year. In general, the export price recorded a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Maldives.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +3.3% per year.
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Sri Lanka
In 2022, overseas purchases of raw cane sugar (without flavoring or coloring matter) decreased by -99.8% to 8.7 tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 292%. As a result, imports reached the peak of 5.9K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of raw cane sugar (without flavoring or coloring matter) dropped dramatically to $25K in 2022. Overall, imports continue to indicate a sharp setback. The pace of growth appeared the most rapid in 2020 when imports increased by 302% against the previous year. As a result, imports reached the peak of $2M. From 2021 to 2022, the growth of imports of failed to regain momentum.
Import of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Sri Lanka (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 16.0 | 11.9 | 9.3 | 25.3 | 16.5% |
Thailand | 236 | 584 | 403 | N/A | 30.7% |
India | 61.1 | 762 | 505 | N/A | 187.5% |
Brazil | 183 | 636 | 616 | N/A | 83.5% |
Others | 0.1 | 1.2 | 1.1 | N/A | 231.7% |
Total | 497 | 1,995 | 1,533 | 25.3 | -62.9% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter) to Sri Lanka in 2022:
- United Arab Emirates (8.7 tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Sri Lanka
For the third consecutive year, Sri Lanka recorded decline in overseas shipments of raw cane sugar (without flavoring or coloring matter), which decreased by -76.2% to 1.3 tons in 2022. In general, exports showed a precipitous slump. The smallest decline of -37% was in 2020.
In value terms, exports of raw cane sugar (without flavoring or coloring matter) shrank rapidly to $4.3K in 2022. Over the period under review, exports saw a dramatic shrinkage.
Export of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Sri Lanka (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Maldives | 0.9 | 1.0 | 0.2 | 4.0 | 64.4% |
Kuwait | N/A | 5.7 | N/A | N/A | 0% |
United Kingdom | 36.8 | 33.6 | 5.5 | N/A | -61.3% |
France | N/A | 0.8 | N/A | N/A | 0% |
United Arab Emirates | 3.4 | 5.7 | 0.4 | N/A | -65.7% |
Australia | 3.0 | N/A | N/A | N/A | 0% |
Saudi Arabia | 9.7 | N/A | N/A | N/A | 0% |
Others | 38.3 | 3.9 | 1.3 | 0.2 | -82.7% |
Total | 92.0 | 50.7 | 7.4 | 4.3 | -64.0% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter) from Sri Lanka in 2022:
- Maldives (1324.0 kg)
This report provides an in-depth analysis of the sugar market in Sri Lanka.
This report provides an in-depth analysis of the sugar market in Sri Lanka.
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Global Flavoured Refined Cane Sugar Market Report 2018. This report provides an in-depth analysis of the global market for flavoured refined cane sugar.
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Global Refined White Cane Sugar Market Report 2018. This report provides an in-depth analysis of the global market for refined white cane sugar.
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This report provides an in-depth analysis of the sugar market in Sri Lanka.
This report provides an in-depth analysis of the sugar market in Sri Lanka.
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In value terms, cane and beet sugar and sucrose imports totaled $X in 2016. Overall, it indicated a perceptible growth from 2007 to 2016: the total imports value increased at an average annual rate ...
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Discover the top import markets for sugar, including China, the United States, Indonesia, Bangladesh, and South Korea, and their importance in meeting global sugar demand. Gain valuable insights from the IndexBox market report on the sugar industry.
This year, world sugar production is expected to rise by 3% to 193M tons. The growth will be encouraged by favorable weather conditions in most of the largest producing countries, as well as the providing exemptions on the neonicotinoid usage against plant diseases and blights in France, Germany and the UK. The drop in sugar production and shipments from Brazil will be offset by large volumes coming from Thailand, which will boost global exports by +2.6% y-o-y. The increased supply in the world market is to keep sugar prices relatively stable over the next two years.