Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Argentina - 2023

Contents:

1. Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Argentina (FOB) - 2023
2. Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Argentina (CIF) - 2022
3. Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Argentina
4. Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Argentina

Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Argentina (FOB) - 2023

The average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $504 per ton in June 2023, with a decrease of -7.3% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 8% against the previous month. Over the period under review, the average export prices hit record highs at $543 per ton in May 2023, and then declined in the following month.

As there is only one major export destination, the average price level is determined by prices for Chile.

From June 2022 to June 2023, the rate of growth in terms of prices for Chile amounted to +0.3% per month.

Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Argentina (CIF) - 2022

The average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $7,395 per ton in 2022, with an increase of 42% against the previous year. Overall, the import price showed a buoyant increase. The pace of growth was the most pronounced in 2013 an increase of 88% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($8,433 per ton), while the price for Brazil ($1,118 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-1.4%), while the prices for the other major suppliers experienced a decline.

Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Argentina

In 2022, the amount of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose exported from Argentina dropped notably to 150K tons, falling by -17.4% against the year before. In general, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 82% against the previous year. As a result, the exports reached the peak of 181K tons, and then fell sharply in the following year.

In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose shrank slightly to $71M in 2022. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 90%. As a result, the exports reached the peak of $72M, and then shrank in the following year.

Top Export Markets for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose from Argentina in 2022:

1. Chile (129.4K tons)
2. United States (15.4K tons)
3. Uruguay (4.6K tons)

Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Argentina

In 2022, after three years of growth, there was significant decline in overseas purchases of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose, when their volume decreased by -29.3% to 27 tons. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +8.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 77%.

In value terms, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose totaled $201K in 2022. Over the period under review, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 226% against the previous year. As a result, imports reached the peak of $202K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose to Argentina in 2022:

1. Germany (25.2 tons)
2. United States (1.6 tons)
3. Brazil (0.1 tons)

Source: IndexBox Market Intelligence Platform