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

Contents:

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

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

In December 2023, the average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $975 per ton, increasing by 5.4% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.7%. The pace of growth was the most pronounced in July 2023 when the average export price increased by 17% m-o-m. Over the period under review, the average export prices reached the maximum in December 2023.

Average prices varied somewhat for the major export markets. In December 2023, the countries with the highest prices were New Caledonia ($1,026 per ton) and Wallis and Futuna Islands ($1,003 per ton), while the average price for exports to French Polynesia ($729 per ton) and Singapore ($765 per ton) were amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Solomon Islands (+2.0%), 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 New Zealand (CIF) - 2022

In 2022, the average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $710 per ton, rising by 24% against the previous year. In general, the import price, however, saw a mild downturn. Over the period under review, average import prices hit record highs at $835 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Brazil ($921 per ton) and Australia ($868 per ton), while the price for Malaysia ($621 per ton) and Thailand ($675 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-1.3%), while the prices for the other major suppliers experienced a decline.

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

In 2022, approx. 31K tons of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose were exported from New Zealand; jumping by 35% on the year before. In general, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +16.3% 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 increased by +57.4% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose surged to $24M in 2022. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. French Polynesia (7.4K tons)
2. Solomon Islands (7.0K tons)
3. New Caledonia (4.0K tons)
4. Fiji (4.0K tons)
5. Singapore (2.6K tons)
6. India (1.4K tons)
7. American Samoa (1.3K tons)
8. China (0.8K tons)

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

In 2022, after two years of decline, there was significant growth in supplies from abroad of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose, when their volume increased by 10% to 29K tons. In general, imports, however, showed a perceptible downturn.

In value terms, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose skyrocketed to $20M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +10.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.6% against 2020 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 New Zealand in 2022:

1. Thailand (16.4K tons)
2. Malaysia (9.0K tons)
3. Australia (2.0K tons)
4. Brazil (0.5K tons)

Source: IndexBox Market Intelligence Platform