Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Vietnam - 2022
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Vietnam (FOB) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Vietnam (CIF) - 2022
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Vietnam
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Vietnam
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Vietnam (FOB) - 2022
In 2022, the average export price for raw cane sugar (without flavoring or coloring matter) amounted to $789 per ton, declining by -1.7% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 29% against the previous year. Over the period under review, the average export prices reached the maximum at $988 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($789 per ton), while the average price for exports to Thailand amounted to $788 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+52.7%), while the prices for the other major destinations experienced a decline.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Vietnam (CIF) - 2022
In 2022, the average import price for raw cane sugar (without flavoring or coloring matter) amounted to $1,543 per ton, with a decrease of -20.4% against the previous year. In general, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 an increase of 20% against the previous year. Over the period under review, average import prices hit record highs at $1,940 per ton in 2021, and then reduced dramatically in the following year.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to +12.1% per year.
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Vietnam
For the fourth year in a row, Vietnam recorded growth in shipments abroad of raw cane sugar (without flavoring or coloring matter), which increased by 4.3% to 32 tons in 2022. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 209%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of raw cane sugar (without flavoring or coloring matter) rose modestly to $25K in 2022. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 151%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 0.2 | 0.6 | 15.0 | 23.9 | 392.6% |
| Thailand | N/A | N/A | N/A | 1.0 | 0% |
| Comoros | 1.0 | N/A | N/A | N/A | 0% |
| New Zealand | 0.4 | 8.5 | N/A | N/A | 2025.0% |
| United Arab Emirates | 2.4 | N/A | N/A | N/A | 0% |
| Lao People's Democratic Republic | N/A | 0.1 | 7.2 | N/A | 7100.0% |
| Others | 2.0 | 0.5 | 2.1 | N/A | 2.5% |
| Total | 6.1 | 9.7 | 24.3 | 24.9 | 59.8% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter) from Vietnam in 2022:
- Taiwan (Chinese) (30.3 tons)
- Thailand (1.3 tons)
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Vietnam
In 2022, after three years of growth, there was significant decline in supplies from abroad of raw cane sugar (without flavoring or coloring matter), when their volume decreased by 99.9% to 2.8 tons. Overall, imports saw a dramatic slump. The pace of growth appeared the most rapid in 2021 when imports increased by 8.1%. As a result, imports reached the peak of 14K tons, and then dropped dramatically in the following year.
In value terms, imports of raw cane sugar (without flavoring or coloring matter) contracted sharply to $4.3K in 2022. In general, imports faced a dramatic curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 17% against the previous year.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | N/A | 0.4 | N/A | N/A | 0% |
| India | N/A | N/A | N/A | N/A | 0% |
| Thailand | 19.8 | 22.6 | 26.9 | N/A | 16.6% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 19.8 | 23.1 | 27.0 | N/A | 16.8% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter) to Vietnam in 2022:
- India (2.8 tons)
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