Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Thailand - 2024
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Thailand (FOB) - 2024
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Thailand (CIF) - 2022
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Thailand
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Thailand
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Thailand (FOB) - 2024
In January 2024, the average export price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $620 per ton, falling by -11.1% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 an increase of 18% m-o-m. The export price peaked at $749 per ton in July 2023; however, from August 2023 to January 2024, the export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In January 2024, the highest price was recorded for prices to Singapore ($766 per ton) and Taiwan (Chinese) ($697 per ton), while the average price for exports to Lao People's Democratic Republic ($571 per ton) and Malaysia ($627 per ton) were amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+6.4%), 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 Thailand (CIF) - 2022
In 2022, the average import price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $1,526 per ton, rising by 6.5% against the previous year. Overall, the import price, however, continues to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2015 an increase of 27%. Over the period under review, average import prices hit record highs at $2,436 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 Japan ($2,333 per ton), while the price for the United States ($1,370 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+34.5%), 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 Thailand
In 2022, exports of refined cane or beet sugar (with added flavoring or coloring matter) from Thailand surged to 20K tons, jumping by 118% on the previous year's figure. Overall, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) surged to $11M in 2022. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lao People's Democratic Republic | 145 | 296 | 1,361 | 5,303 | 231.9% |
| China | 1.3 | 2.8 | N/A | 1,464 | 940.4% |
| Cambodia | 221 | 388 | 663 | 714 | 47.8% |
| Singapore | 409 | 691 | 513 | 593 | 13.2% |
| South Korea | N/A | N/A | 67.0 | 593 | 785.1% |
| Malaysia | 185 | 790 | 279 | 450 | 34.5% |
| Taiwan (Chinese) | 506 | 91.3 | 624 | 265 | -19.4% |
| Canada | 233 | 314 | 124 | 255 | 3.1% |
| Seychelles | 62.5 | 72.2 | 115 | 225 | 53.3% |
| Solomon Islands | 146 | 176 | 191 | 191 | 9.4% |
| Kiribati | 274 | 164 | N/A | 157 | -16.9% |
| Tanzania | 933 | 2,102 | N/A | N/A | 125.3% |
| Others | 980 | 678 | 899 | 1,130 | 4.9% |
| Total | 4,095 | 5,765 | 4,836 | 11,340 | 40.4% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from Thailand in 2022:
- Lao People's Democratic Republic (9.9K tons)
- China (2.8K tons)
- Cambodia (1.2K tons)
- South Korea (1.1K tons)
- Singapore (0.8K tons)
- Malaysia (0.8K tons)
- Taiwan (Chinese) (0.5K tons)
- Seychelles (0.4K tons)
- Canada (0.3K tons)
- Solomon Islands (0.3K tons)
- Kiribati (0.3K tons)
Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Thailand
In 2022, supplies from abroad of refined cane or beet sugar (with added flavoring or coloring matter) increased by 100% to 212 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports posted a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) surged to $324K in 2022. In general, imports showed a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 92.8 | 66.6 | 96.9 | 238 | 36.9% |
| Malaysia | 95.7 | 37.1 | 47.6 | 69.0 | -10.3% |
| Taiwan (Chinese) | N/A | 25.1 | 7.2 | 15.3 | -21.9% |
| Others | 14.0 | 2.9 | 0.6 | 2.0 | -47.7% |
| Total | 202 | 132 | 152 | 324 | 17.1% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to Thailand in 2022:
- United States (173.5 tons)
- Malaysia (30.0 tons)
- Taiwan (Chinese) (7.9 tons)
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