Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Indonesia - 2022
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Indonesia (FOB) - 2022
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Indonesia (CIF) - 2022
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Indonesia
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Indonesia
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Indonesia (FOB) - 2022
The average export price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $2,272 per ton in 2022, declining by -22% against the previous year. Overall, the export price, however, recorded a modest expansion. The pace of growth appeared the most rapid in 2020 an increase of 60% against the previous year. Over the period under review, the average export prices hit record highs at $2,913 per ton in 2021, and then fell significantly in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($9,750 per ton), while the average price for exports to Myanmar ($698 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 Thailand (+32.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Indonesia (CIF) - 2022
The average import price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $902 per ton in 2022, surging by 5.4% against the previous year. In general, the import price, however, showed a mild contraction. The pace of growth was the most pronounced in 2013 when the average import price increased by 64% against the previous year. Over the period under review, average import prices hit record highs at $2,210 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($2,611 per ton), while the price for India ($531 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-1.7%), while the prices for the other major suppliers experienced a decline.
Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Indonesia
In 2022, overseas shipments of refined cane or beet sugar (with added flavoring or coloring matter) were finally on the rise to reach 18 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, faced a deep downturn.
In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) rose slightly to $41K in 2022. The total export value increased at an average annual rate of +2.9% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2020 with an increase of 14%. As a result, the exports reached the peak of $43K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 23.9 | 30.5 | 26.0 | 30.4 | 8.3% |
| Afghanistan | 12.2 | 10.8 | 11.8 | 9.2 | -9.0% |
| Singapore | 0.2 | 0.2 | 0.3 | 0.4 | 26.0% |
| Myanmar | 0.4 | 0.4 | 0.4 | 0.3 | -9.1% |
| Others | 1.1 | 1.3 | 0.9 | 1.0 | -3.1% |
| Total | 37.9 | 43.2 | 39.4 | 41.3 | 2.9% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from Indonesia in 2022:
- United States (12.8 tons)
- Afghanistan (3.8 tons)
- Myanmar (0.5 tons)
- Singapore (0.3 tons)
Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Indonesia
In 2022, the amount of refined cane or beet sugar (with added flavoring or coloring matter) imported into Indonesia shrank slightly to 1.2K tons, which is down by -4.2% on 2021 figures. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 38%. As a result, imports reached the peak of 1.3K tons, and then shrank modestly in the following year.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) reached $1.1M in 2022. In general, imports faced a abrupt shrinkage.
| Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,204 | 709 | 605 | 537 | -23.6% |
| India | 257 | 252 | 414 | 480 | 23.2% |
| Taiwan (Chinese) | 47.9 | 26.8 | 14.5 | 60.4 | 8.0% |
| Thailand | 288 | 117 | 68.8 | 42.1 | -47.3% |
| Others | 222 | 32.1 | 12.0 | 6.8 | -68.7% |
| Total | 2,019 | 1,137 | 1,114 | 1,125 | -17.7% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to Indonesia in 2022:
- India (903.8 tons)
- United States (266.4 tons)
- Thailand (50.8 tons)
- Taiwan (Chinese) (23.1 tons)
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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.
