Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in the Dominican Republic - 2023
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in the Dominican Republic (CIF) - 2022
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in the Dominican Republic (FOB) - 2022
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in the Dominican Republic
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in the Dominican Republic
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in the Dominican Republic (CIF) - 2022
The average import price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $8,619 per ton in 2022, flattening at the previous year. Overall, the import price posted a buoyant increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 43%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in the near future.
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 +7.3% per year.
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in the Dominican Republic (FOB) - 2022
In 2022, the average export price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $926 per ton, reducing by -76.8% against the previous year. Overall, the export price faced a deep slump. The most prominent rate of growth was recorded in 2015 when the average export price increased by 63% against the previous year. Over the period under review, the average export prices attained the peak figure at $3,992 per ton in 2021, and then declined significantly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($5,000 per ton), while the average price for exports to Turks and Caicos Islands amounted to $600 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Barbados (+5.5%).
Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in the Dominican Republic
In 2022, the amount of refined cane or beet sugar (with added flavoring or coloring matter) imported into the Dominican Republic stood at 6.3 tons, remaining relatively unchanged against the previous year. In general, imports enjoyed significant growth. The smallest decline of -83.5% was in 2020. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) amounted to $54K in 2022. Over the period under review, imports continue to indicate a significant expansion. The smallest decline of -76.4% was in 2020. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.0 | 0.2 | N/A | 53.7 | 161.6% |
| Colombia | 3.8 | 1.4 | N/A | N/A | -63.2% |
| Others | 1.1 | 0.2 | N/A | 0.7 | -14.0% |
| Total | 7.9 | 1.9 | N/A | 54.4 | 90.2% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to the Dominican Republic in 2022:
- United States (6.3 tons)
Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in the Dominican Republic
In 2022, overseas shipments of refined cane or beet sugar (with added flavoring or coloring matter) decreased by -99.6% to 54 kg for the first time since 2018, thus ending a three-year rising trend. Overall, exports faced a dramatic setback. The pace of growth appeared the most rapid in 2021 when exports increased by 315% against the previous year. As a result, the exports reached the peak of 14 tons, and then contracted markedly in the following year.
In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) dropped dramatically to $50 in 2022. In general, exports saw a dramatic setback. The most prominent rate of growth was recorded in 2021 with an increase of 381%. As a result, the exports reached the peak of $57K, and then dropped notably in the following year.
| Export of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Barbados | 7.1 | 11.8 | 56.7 | N/A | 182.6% |
| Turks and Caicos Islands | N/A | N/A | N/A | N/A | 0% |
| United States | 0.2 | 0.1 | 0.3 | N/A | 22.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 7.3 | 11.9 | 57.1 | 0.1 | -76.1% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from the Dominican Republic in 2022:
- Turks and Caicos Islands (50.0 kg)
- United States (4.0 kg)
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