Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Panama - 2023
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Panama (CIF) - 2022
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Panama (FOB) - 2022
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Panama
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Panama
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Panama (CIF) - 2022
In 2022, the average import price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $1,674 per ton, rising by 4.5% against the previous year. Over the period under review, the import price, however, faced a abrupt setback. The pace of growth was the most pronounced in 2013 an increase of 64%. As a result, import price attained the peak level of $7,966 per ton. From 2014 to 2022, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -7.2% per year.
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Panama (FOB) - 2022
The average export price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $1,890 per ton in 2022, shrinking by -11.7% against the previous year. In general, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.8% 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) decreased by -49.2% against 2013 indices. The pace of growth appeared the most rapid in 2013 an increase of 160% against the previous year. As a result, the export price attained the peak level of $3,724 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Venezuela.
From 2012 to 2022, the rate of growth in terms of prices for Jamaica amounted to +17.6% per year.
Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Panama
Imports of refined cane or beet sugar (with added flavoring or coloring matter) into Panama rose remarkably to 209 tons in 2022, with an increase of 14% against the previous year. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 80%.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) soared to $349K in 2022. Over the period under review, imports, however, showed a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 68%.
| Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 400 | 160 | 283 | 343 | -5.0% |
| China | 8.6 | 6.8 | 1.2 | 3.8 | -23.8% |
| Others | 9.8 | 8.6 | 9.2 | 2.4 | -37.4% |
| Total | 418 | 175 | 294 | 349 | -5.8% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to Panama in 2022:
- United States (203.9 tons)
- China (2.6 tons)
Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Panama
In 2022, the amount of refined cane or beet sugar (with added flavoring or coloring matter) exported from Panama shrank dramatically to 8.7 tons, with a decrease of -40.2% against the previous year. In general, exports saw a precipitous setback. The smallest decline of -22.7% was in 2021.
In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) dropped markedly to $16K in 2022. Over the period under review, exports faced a dramatic downturn. The smallest decline of -27.3% was in 2020.
| Export of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Venezuela | 18.5 | 21.3 | 20.6 | 16.4 | -3.9% |
| Colombia | 21.2 | 14.3 | 8.2 | N/A | -37.8% |
| Aruba | 15.3 | 7.2 | 2.3 | N/A | -61.2% |
| Others | 3.8 | N/A | N/A | N/A | 0% |
| Total | 58.8 | 42.8 | 31.1 | 16.4 | -34.7% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from Panama in 2022:
- Venezuela (8.7 tons)
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In value terms, cane and beet sugar and sucrose imports totaled $X in 2016. Overall, it indicated a perceptible growth from 2007 to 2016: the total imports value increased at an average annual rate ...
1716
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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.
