Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in China - 2023
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in China (CIF) - 2022
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in China (FOB) - 2022
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in China
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in China
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in China (CIF) - 2022
In 2022, the average import price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $4,555 per ton, waning by -95.5% against the previous year. Over the period under review, the import price, however, posted measured growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 1,457%. Over the period under review, average import prices reached the peak figure at $101,180 per ton in 2021, and then contracted remarkably in the following year.
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 Switzerland ($162,395 per ton), while the price for Malaysia ($973 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+48.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in China (FOB) - 2022
The average export price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $1,000 per ton in 2022, with a decrease of -40% against the previous year. In general, the export price showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2017 when the average export price increased by 37% against the previous year. As a result, the export price attained the peak level of $2,803 per ton. From 2018 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($1,336 per ton), while the average price for exports to Canada ($603 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 Pakistan (+24.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in China
In 2022, approx. 43 tons of refined cane or beet sugar (with added flavoring or coloring matter) were imported into China; surging by 1,371% against the previous year's figure. In general, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) declined dramatically to $195K in 2022. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 207%.
| Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | N/A | 145 | 291 | 152 | 2.4% |
| Malaysia | N/A | 0.8 | N/A | 40.6 | 612.4% |
| Japan | 47.1 | 0.1 | 0.5 | N/A | -89.7% |
| Others | 2.4 | 5.8 | 3.2 | 2.1 | -4.4% |
| Total | 49.5 | 152 | 294 | 195 | 57.9% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to China in 2022:
- Malaysia (41.7 tons)
- Switzerland (0.9 tons)
Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in China
In 2022, approx. 27 tons of refined cane or beet sugar (with added flavoring or coloring matter) were exported from China; leveling off at the year before. Overall, exports showed a sharp descent. The pace of growth appeared the most rapid in 2021 with an increase of 674% against the previous year.
In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) declined notably to $27K in 2022. Over the period under review, exports faced a significant decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 411% against the previous year.
| Export of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,384 | 6.0 | 29.5 | 16.8 | -80.8% |
| Canada | 1,530 | 1.1 | 4.3 | 2.8 | -87.8% |
| Singapore | 221 | 0.1 | 0.5 | 0.6 | -86.0% |
| Australia | 219 | 0.2 | 0.7 | 0.5 | -86.8% |
| Malaysia | 719 | 0.5 | 3.2 | N/A | -93.3% |
| Mali | 72.4 | N/A | N/A | N/A | 0% |
| Afghanistan | 126 | N/A | N/A | N/A | 0% |
| Others | 1,447 | 0.9 | 6.7 | 6.2 | -83.8% |
| Total | 6,718 | 8.8 | 44.9 | 26.9 | -84.1% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from China in 2022:
- United States (12.6 tons)
- Canada (4.7 tons)
- Australia (0.7 tons)
- Singapore (0.7 tons)
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