Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Brazil - 2024
Contents:
- Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Brazil (FOB) - 2024
- Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Brazil (CIF) - 2024
- Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Brazil
- Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Brazil
Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Brazil (FOB) - 2024
In January 2024, the average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $595 per ton, surging by 2.3% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 6.7% month-to-month. Over the period under review, the average export prices reached the peak figure in January 2024.
There were significant differences in the average prices for the major foreign markets. In January 2024, the country with the highest price was Venezuela ($755 per ton), while the average price for exports to Yemen ($448 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (+3.1%), 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 Brazil (CIF) - 2024
The average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $1,739 per ton in January 2024, falling by -14.8% against the previous month. Over the period under review, import price indicated a notable expansion from January 2023 to January 2024: its price increased at an average monthly rate of +2.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2024 figures, import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose decreased by -14.8% against December 2023 indices. The most prominent rate of growth was recorded in March 2023 an increase of 54% against the previous month. As a result, import price attained the peak level of $2,883 per ton. From April 2023 to January 2024, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In January 2024, the country with the highest price was the United States ($2,044 per ton), while the price for Argentina ($1,375 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the United States (+7.4%), 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 Brazil
In 2022, overseas shipments of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose decreased by -4.3% to 3.1M tons, falling for the second consecutive year after two years of growth. In general, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +17.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -21.3% against 2020 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 108%. As a result, the exports attained the peak of 4M tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose soared to $1.5B in 2022. Over the period under review, exports, however, posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 98%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the immediate term.
| Export of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Togo | 38.9 | 78.0 | 84.8 | 111 | 41.8% |
| Angola | 116 | 66.2 | 39.6 | 107 | -2.7% |
| Ghana | 30.2 | 92.8 | 117 | 105 | 51.5% |
| Venezuela | 38.9 | 123 | 115 | 104 | 38.8% |
| Mauritania | 7.6 | 79.1 | 62.4 | 102 | 137.6% |
| Guinea | 32.9 | 66.0 | 57.8 | 85.0 | 37.2% |
| Yemen | 64.1 | 106 | 59.9 | 78.7 | 7.1% |
| United States | 73.5 | 103 | 63.5 | 74.3 | 0.4% |
| Cameroon | 8.9 | 16.5 | 31.6 | 73.6 | 102.2% |
| Cote d'Ivoire | 21.6 | 34.4 | 70.5 | 65.1 | 44.4% |
| Gambia | 32.9 | 74.4 | 56.5 | 61.1 | 22.9% |
| Senegal | 13.2 | 73.0 | 45.9 | 55.2 | 61.1% |
| Benin | 68.2 | 82.0 | 65.5 | 44.5 | -13.3% |
| Others | 144 | 373 | 363 | 408 | 41.5% |
| Total | 692 | 1,367 | 1,232 | 1,475 | 28.7% |
Top Export Markets for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose from Brazil in 2022:
- Togo (261.7K tons)
- Angola (241.4K tons)
- Ghana (235.1K tons)
- Mauritania (225.7K tons)
- Guinea (191.6K tons)
- Yemen (169.8K tons)
- Cameroon (166.0K tons)
- Venezuela (157.9K tons)
- Cote d'Ivoire (154.1K tons)
- Gambia (138.9K tons)
- Senegal (128.9K tons)
- United States (121.2K tons)
- Benin (105.1K tons)
Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Brazil
Imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose into Brazil rose sharply to 1.2K tons in 2022, surging by 11% compared with 2021. The total import volume increased at an average annual rate of +4.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose surged to $1.6M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +14.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 356 | 370 | 657 | 1,020 | 42.0% |
| Germany | 162 | 120 | 194 | 357 | 30.1% |
| Italy | 122 | 127 | 142 | 174 | 12.6% |
| Denmark | N/A | N/A | N/A | 26.3 | 0% |
| Chile | 110 | N/A | N/A | N/A | 0% |
| Guatemala | 172 | 270 | 155 | N/A | -5.1% |
| Others | 160 | 70.0 | 69.4 | 64.7 | -26.1% |
| Total | 1,082 | 956 | 1,217 | 1,642 | 14.9% |
Top Suppliers of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose to Brazil in 2022:
- United States (879.1 tons)
- Germany (144.8 tons)
- Italy (92.4 tons)
- Denmark (44.0 tons)
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