Price for Sugars; Fructose, Chemically Pure, in Solid Form in India - 2023

Price for Sugars; Fructose, Chemically Pure, in Solid Form in India (CIF) - 2022

In 2022, the average import price for sugars; fructose, chemically pure, in solid form amounted to $999 per ton, surging by 24% against the previous year. Overall, the import price, however, showed a pronounced curtailment. Over the period under review, average import prices attained the peak figure at $1,235 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($2,000 per ton), while the price for the United Arab Emirates ($289 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+28.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Sugars; Fructose, Chemically Pure, in Solid Form in India (FOB) - 2022

The average export price for sugars; fructose, chemically pure, in solid form stood at $1,789 per ton in 2022, with an increase of 40% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 127% against the previous year. Over the period under review, the average export prices attained the peak figure at $3,687 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Tunisia ($3,553 per ton), while the average price for exports to Nepal ($636 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 Peru (+67.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sugars; Fructose, Chemically Pure, in Solid Form in India

In 2022, supplies from abroad of sugars; fructose, chemically pure, in solid form decreased by -32% to 2.5K tons, falling for the second year in a row after two years of growth. In general, imports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2020 when imports increased by 175% against the previous year. As a result, imports attained the peak of 5.4K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of sugars; fructose, chemically pure, in solid form shrank to $2.7M in 2022. Overall, imports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2020 when imports increased by 142% against the previous year. As a result, imports attained the peak of $4.3M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Sugars; Fructose, Chemically Pure, in Solid Form in India (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	277	1,097	735	949	50.8%
Singapore	180	738	505	433	34.0%
Finland	3.1	1.1	161	427	416.4%
Netherlands	N/A	0.3	146	367	3397.6%
Turkey	1,150	1,942	677	251	-39.8%
Israel	116	290	501	109	-2.1%
South Korea	N/A	91.2	41.2	107	8.3%
United Arab Emirates	N/A	N/A	64.4	23.1	-64.1%
Others	55.6	148	161	56.8	0.7%
Total	1,781	4,307	2,993	2,724	15.2%

Top Suppliers of Sugars; Fructose, Chemically Pure, in Solid Form to India in 2022:

United States (815.5 tons)
Finland (540.3 tons)
Singapore (446.7 tons)
Turkey (263.6 tons)
Netherlands (222.0 tons)
South Korea (89.9 tons)
United Arab Emirates (80.0 tons)
Israel (60.0 tons)

Exports of Sugars; Fructose, Chemically Pure, in Solid Form in India

In 2022, after two years of decline, there was growth in shipments abroad of sugars; fructose, chemically pure, in solid form, when their volume increased by 0.3% to 1.9 tons. Over the period under review, exports, however, saw a significant decrease.

In value terms, exports of sugars; fructose, chemically pure, in solid form soared to $4.6K in 2022. Overall, exports, however, faced a dramatic setback.

Export of Sugars; Fructose, Chemically Pure, in Solid Form in India (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Saudi Arabia	N/A	0.3	N/A	0.8	63.3%
United Kingdom	34.7	N/A	0.4	0.7	-72.8%
Sri Lanka	N/A	N/A	0.1	0.6	500.0%
Myanmar	N/A	N/A	N/A	0.5	0%
Bangladesh	0.6	0.2	N/A	0.3	-20.6%
United States	N/A	0.1	N/A	0.2	41.4%
Tunisia	N/A	N/A	N/A	0.1	0%
United Arab Emirates	N/A	0.1	N/A	0.1	0.0%
Democratic Republic of the Congo	0.1	N/A	N/A	0.1	0.0%
Peru	N/A	N/A	0.1	0.1	0.0%
Nigeria	0.7	0.2	N/A	0.1	-47.7%
Vietnam	N/A	7.8	0.4	N/A	-94.9%
Nepal	N/A	5.9	N/A	N/A	0%
Others	2.6	0.8	1.5	0.9	-29.8%
Total	38.7	15.5	2.5	4.6	-50.8%