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

Contents:

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

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

In December 2023, the average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $749 per ton, leveling off at the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.2%. The growth pace was the most rapid in June 2023 an increase of 6.4% against the previous month. The import price peaked in December 2023.

Average prices varied somewhat amongst the major supplying countries. In December 2023, the highest price was recorded for prices from Bolivia ($823 per ton) and Brazil ($801 per ton), while the price for Argentina ($628 per ton) and Guatemala ($733 per ton) were amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Bolivia (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $1,468 per ton in 2022, falling by -62% against the previous year. Over the period under review, the export price, however, saw mild growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 492% against the previous year. As a result, the export price attained the peak level of $3,862 per ton, and then reduced remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($2,543 per ton), while the average price for exports to Cuba stood at $1,372 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, after three years of growth, there was decline in overseas purchases of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose, when their volume decreased by -2.3% to 451K tons. The total import volume increased at an average annual rate of +5.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 12%. As a result, imports reached the peak of 461K tons, and then declined in the following year.

In value terms, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose skyrocketed to $261M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.7% 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 +76.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Guatemala (164.4K tons)
2. Argentina (129.2K tons)
3. Colombia (123.7K tons)
4. Bolivia (14.0K tons)
5. El Salvador (7.6K tons)

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

After two years of decline, overseas shipments of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose increased by 244% to 86 tons in 2022. Over the period under review, exports, however, recorded a sharp setback.

In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose surged to $126K in 2022. Overall, exports, however, recorded a sharp decline.

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

1. Cuba (80.8 tons)
2. Bolivia (4.3 tons)

Source: IndexBox Market Intelligence Platform