Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Colombia - 2022
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Colombia (FOB) - 2022
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Colombia
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Colombia (FOB) - 2022
In 2022, the average export price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $817 per ton, declining by -11.6% against the previous year. Overall, the export price saw a perceptible slump. The pace of growth was the most pronounced in 2015 when the average export price increased by 179%. Over the period under review, the average export prices reached the peak figure at $2,697 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($4,072 per ton), while the average price for exports to Aruba ($440 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 the United States (+12.7%), while the prices for the other major destinations experienced a decline.
Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Colombia
In 2022, after three years of growth, there was significant decline in shipments abroad of refined cane or beet sugar (with added flavoring or coloring matter), when their volume decreased by -41.3% to 570 tons. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 2,266% against the previous year. As a result, the exports attained the peak of 971 tons, and then dropped rapidly in the following year.
In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) fell notably to $466K in 2022. Overall, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 2,493%. As a result, the exports attained the peak of $897K, and then reduced notably in the following year.
| Export of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Curacao | 21.2 | 20.7 | 719 | 337 | 151.4% |
| United States | 7.4 | 5.4 | 93.6 | 60.6 | 101.6% |
| Aruba | 6.1 | 7.8 | 67.3 | 60.6 | 115.0% |
| Others | 1.6 | 0.8 | 17.7 | 8.2 | 72.4% |
| Total | 36.2 | 34.6 | 897 | 466 | 134.4% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from Colombia in 2022:
- Curacao (415.8 tons)
- Aruba (137.8 tons)
- United States (14.9 tons)
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