Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in New Zealand - 2023
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in New Zealand (CIF) - 2022
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in New Zealand (FOB) - 2022
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in New Zealand
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in New Zealand
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in New Zealand (CIF) - 2022
In 2022, the average import price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $2,602 per ton, falling by -11.5% against the previous year. Overall, the import price, however, posted buoyant growth. The most prominent rate of growth was recorded in 2020 an increase of 52% against the previous year. As a result, import price reached the peak level of $4,525 per ton. From 2021 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($3,880 per ton), while the price for India ($748 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in New Zealand (FOB) - 2022
In 2022, the average export price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $6,002 per ton, dropping by -36.1% against the previous year. In general, the export price, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2019 an increase of 354% against the previous year. The export price peaked at $10,079 per ton in 2020; however, from 2021 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 Australia ($20,173 per ton), while the average price for exports to New Caledonia ($1,038 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 Australia (+24.7%), 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 New Zealand
In 2022, overseas purchases of refined cane or beet sugar (with added flavoring or coloring matter) decreased by -32.3% to 545 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports recorded a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of 15%. As a result, imports attained the peak of 805 tons, and then reduced remarkably in the following year.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) fell sharply to $1.4M in 2022. Over the period under review, imports recorded a deep downturn. The pace of growth was the most pronounced in 2020 with an increase of 70%. As a result, imports reached the peak of $3.2M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,642 | 2,982 | 2,073 | 1,160 | -10.9% |
| Brazil | 105 | 92.8 | 81.8 | 156 | 14.1% |
| Australia | 32.6 | 22.4 | 37.7 | 39.4 | 6.5% |
| China | 38.1 | 38.0 | 22.1 | 15.8 | -25.4% |
| India | 19.1 | 2.2 | 35.6 | 2.5 | -49.2% |
| Mauritius | 33.7 | N/A | 83.3 | N/A | 57.2% |
| Others | 5.6 | 42.6 | 33.8 | 45.5 | 101.0% |
| Total | 1,876 | 3,180 | 2,367 | 1,419 | -8.9% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to New Zealand in 2022:
- United States (298.9 tons)
- Brazil (192.0 tons)
- Australia (35.0 tons)
- China (6.3 tons)
- India (3.3 tons)
Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in New Zealand
In 2022, after three years of growth, there was significant decline in overseas shipments of refined cane or beet sugar (with added flavoring or coloring matter), when their volume decreased by -20.4% to 108 tons. The total export volume increased at an average annual rate of +4.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 37%.
In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) shrank significantly to $649K in 2022. In general, exports, however, recorded a noticeable increase. The pace of growth was the most pronounced in 2020 when exports increased by 130%. As a result, the exports attained the peak of $1.3M. 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 New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 501 | 1,217 | 1,146 | 520 | 1.2% |
| South Korea | 28.8 | 34.1 | 31.3 | 43.7 | 14.9% |
| Hong Kong SAR | N/A | N/A | 38.6 | 13.2 | -65.8% |
| Cook Islands | 6.6 | 7.9 | 9.1 | 13.0 | 25.4% |
| New Caledonia | 6.8 | 6.4 | 11.4 | 12.2 | 21.5% |
| Fiji | 3.4 | 4.4 | 4.7 | 11.8 | 51.4% |
| Norfolk Island | 3.1 | 2.5 | 2.6 | 4.8 | 15.7% |
| Others | 19.0 | 35.1 | 32.2 | 30.4 | 17.0% |
| Total | 568 | 1,308 | 1,276 | 649 | 4.5% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from New Zealand in 2022:
- South Korea (36.0 tons)
- Australia (25.8 tons)
- Cook Islands (11.8 tons)
- New Caledonia (11.7 tons)
- Hong Kong SAR (7.4 tons)
- Fiji (5.7 tons)
- Norfolk Island (3.5 tons)
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