Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Australia - 2023
Contents:
- Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Australia (FOB) - 2023
- Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Australia (CIF) - 2023
- Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Australia
- Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Australia
Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Australia (FOB) - 2023
In December 2023, the average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $1,138 per ton, rising by 19% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.4%. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 30% against the previous month. The export price peaked in December 2023.
There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was Taiwan (Chinese) ($1,744 per ton), while the average price for exports to Belgium ($760 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Australia (CIF) - 2023
In December 2023, the average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $1,012 per ton, dropping by -3.1% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 27% m-o-m. The import price peaked at $1,220 per ton in April 2023; however, from May 2023 to December 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Colombia ($3,131 per ton), while the price for Malaysia ($842 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Colombia (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Australia
In 2022, the amount of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose exported from Australia dropped to 84K tons, with a decrease of -7.8% on 2021. Overall, exports saw a abrupt decline. The growth pace was the most rapid in 2021 when exports increased by 0.7%.
In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose shrank to $34M in 2022. Over the period under review, exports faced a deep downturn. The smallest decline of -1.7% was in 2021.
| Export of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 36.0 | 23.3 | 22.8 | 28.2 | -7.8% |
| Bangladesh | 2.5 | 2.0 | 2.1 | 1.6 | -13.8% |
| Hong Kong SAR | 1.3 | 0.9 | 0.6 | 0.9 | -11.5% |
| Papua New Guinea | 0.8 | 0.7 | 0.5 | 0.6 | -9.1% |
| United Arab Emirates | 7.7 | 6.3 | 7.4 | N/A | -2.0% |
| Others | 2.7 | 4.3 | 3.3 | 2.5 | -2.5% |
| Total | 51.0 | 37.5 | 36.8 | 33.9 | -12.7% |
Top Export Markets for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose from Australia in 2022:
- Singapore (74.1K tons)
- Papua New Guinea (3.3K tons)
- Bangladesh (2.3K tons)
- Hong Kong SAR (1.2K tons)
Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Australia
For the third consecutive year, Australia recorded decline in supplies from abroad of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose, which decreased by -40% to 4.6K tons in 2022. Overall, imports saw a sharp decline. The smallest decline of -18.4% was in 2021.
In value terms, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose shrank notably to $5.6M in 2022. In general, imports showed a abrupt decrease. The smallest decline of -3.2% was in 2021.
| Import of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 953 | 1,101 | 800 | 1,565 | 18.0% |
| Malaysia | 687 | 1,017 | 1,142 | 1,177 | 19.7% |
| Thailand | 3,741 | 1,610 | 1,253 | 537 | -47.6% |
| Colombia | 562 | 610 | 715 | 476 | -5.4% |
| India | 347 | 437 | 1,052 | 473 | 10.9% |
| New Zealand | 110 | 562 | 452 | 389 | 52.4% |
| Singapore | 150 | 188 | 237 | 199 | 9.9% |
| Brazil | 571 | 844 | 433 | 31.3 | -62.0% |
| Argentina | 643 | N/A | N/A | N/A | 0% |
| Others | 1,066 | 646 | 707 | 735 | -11.7% |
| Total | 8,830 | 7,015 | 6,791 | 5,581 | -14.2% |
Top Suppliers of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose to Australia in 2022:
- Malaysia (1387.9 tons)
- China (873.8 tons)
- Thailand (610.2 tons)
- Colombia (541.5 tons)
- New Zealand (427.9 tons)
- India (285.8 tons)
- Singapore (142.0 tons)
- Brazil (29.0 tons)
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