Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Uruguay - 2022
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Uruguay (CIF) - 2022
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Uruguay
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Uruguay (CIF) - 2022
The average import price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $3,443 per ton in 2022, growing by 59% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($11,593 per ton), while the price for Brazil stood at $2,779 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+1.9%).
Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Uruguay
In 2022, imports of refined cane or beet sugar (with added flavoring or coloring matter) into Uruguay dropped remarkably to 1.1 tons, reducing by -20% on 2021 figures. Overall, imports saw a deep slump. The growth pace was the most rapid in 2021 when imports increased by 216% against the previous year. As a result, imports attained the peak of 1.3 tons, and then contracted sharply in the following year.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) skyrocketed to $3.7K in 2022. Over the period under review, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 180%. Imports peaked in 2022 and are likely to see steady growth in years to come.
Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Uruguay (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | 2,593 | 554 | 1,632 | 2,762 | 2.1% |
United States | 530 | 379 | 520 | 939 | 21.0% |
Taiwan (Chinese) | 52.0 | 109 | 762 | N/A | 282.8% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 3,175 | 1,042 | 2,914 | 3,701 | 5.2% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to Uruguay in 2022:
- Brazil (994.0 kg)
- United States (81.0 kg)
This report provides an in-depth analysis of the sugar market in Uruguay.
This report provides an in-depth analysis of the sugar market in Uruguay.
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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 ...
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Discover the top import markets for sugar, including China, the United States, Indonesia, Bangladesh, and South Korea, and their importance in meeting global sugar demand. Gain valuable insights from the IndexBox market report on the sugar industry.
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.