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

Contents:

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

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

The average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $673 per ton in December 2022, rising by 11% against the previous month. In general, import price indicated a slight expansion from December 2021 to December 2022: its price increased at an average monthly rate of +1.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose increased by +10.9% against November 2022 indices. The most prominent rate of growth was recorded in August 2022 an increase of 31% m-o-m. Over the period under review, average import prices attained the peak figure in December 2022.

As there is only one major supplying country, the average price level is determined by prices for Thailand.

From December 2021 to December 2022, the rate of growth in terms of prices for Thailand amounted to +1.5% per month.

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

In 2022, the average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $520 per ton, picking up by 25% against the previous year. Over the period under review, the export price, however, showed a pronounced descent. The pace of growth appeared the most rapid in 2018 an increase of 31%. As a result, the export price attained the peak level of $818 per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Bulgaria ($520 per ton) and Spain ($520 per ton), while the average price for exports to Vietnam ($519 per ton) and Croatia ($520 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+6.0%), while the prices for the other major destinations experienced a decline.

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

For the third consecutive year, Myanmar recorded decline in purchases abroad of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose, which decreased by -3.9% to 90K tons in 2022. Over the period under review, imports continue to indicate a abrupt setback.

In value terms, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose contracted slightly to $43M in 2022. In general, imports recorded a abrupt decrease.

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

1. Thailand (86.2K tons)
2. India (4.1K tons)

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

In 2022, approx. 51K tons of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose were exported from Myanmar; growing by 38% compared with 2021. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 494%. As a result, the exports reached the peak of 97K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose soared to $26M in 2022. Over the period under review, exports enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 358% against the previous year. As a result, the exports attained the peak of $50M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

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

1. Vietnam (45.8K tons)
2. Bulgaria (2.2K tons)
3. Spain (1.9K tons)
4. Croatia (0.9K tons)

Source: IndexBox Market Intelligence Platform