Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Costa Rica - 2022
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Costa Rica (CIF) - 2022
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Costa Rica (FOB) - 2022
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Costa Rica
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Costa Rica
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Costa Rica (CIF) - 2022
The average import price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $3,804 per ton in 2022, with an increase of 13% against the previous year. In general, the import price enjoyed a strong expansion. The growth pace was the most rapid in 2015 an increase of 84%. Over the period under review, average import prices attained the maximum at $3,977 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat 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 Mexico ($12,100 per ton), while the price for the United States ($2,213 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+9.1%), 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 Costa Rica (FOB) - 2022
In 2022, the average export price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $1,207 per ton, rising by 45% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for refined cane or beet sugar (with added flavoring or coloring matter) increased by +48.2% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bahamas ($1,208 per ton), while the average price for exports to Aruba stood at $1,200 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Aruba (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Costa Rica
For the third consecutive year, Costa Rica recorded decline in overseas purchases of refined cane or beet sugar (with added flavoring or coloring matter), which decreased by -87.8% to 1.6 tons in 2022. Over the period under review, imports showed a dramatic decrease. The smallest decline of -44.4% was in 2021.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) dropped sharply to $6.1K in 2022. Overall, imports faced a significant contraction. The smallest decline of -46.3% was in 2021.
| Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 0.8 | 0.8 | 0.2 | 2.6 | 48.1% |
| United States | 180 | 79.0 | 43.1 | 1.7 | -78.9% |
| Mexico | N/A | N/A | N/A | 1.0 | 0% |
| Brazil | 0.4 | 1.3 | 0.3 | 0.8 | 26.0% |
| Others | 0.5 | N/A | N/A | N/A | 0% |
| Total | 182 | 81.1 | 43.6 | 6.1 | -67.8% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to Costa Rica in 2022:
- United States (790.0 kg)
- Colombia (403.0 kg)
- Brazil (318.0 kg)
- Mexico (80.0 kg)
Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Costa Rica
In 2022, shipments abroad of refined cane or beet sugar (with added flavoring or coloring matter) decreased by 99.9% to 150 kg, falling for the second year in a row after two years of growth. Over the period under review, exports saw a significant contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 75% against the previous year. As a result, the exports reached the peak of 3.8K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) contracted remarkably to $181 in 2022. In general, exports showed a sharp decrease. The most prominent rate of growth was recorded in 2020 with an increase of 65% against the previous year. As a result, the exports attained the peak of $3.1M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bahamas | N/A | N/A | N/A | 0.1 | 0% |
| Aruba | N/A | N/A | N/A | N/A | 0% |
| Israel | N/A | 35.0 | 245 | N/A | 600.0% |
| United States | 1,857 | 3,036 | 1,509 | N/A | -9.9% |
| Others | 16.4 | 25.5 | 11.0 | N/A | -18.1% |
| Total | 1,874 | 3,096 | 1,765 | 0.2 | -95.3% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from Costa Rica in 2022:
- Bahamas (120.0 kg)
- Aruba (30.0 kg)
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