Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in the Dominican Republic - 2023
Contents:
- Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in the Dominican Republic (CIF) - 2023
- Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in the Dominican Republic (FOB) - 2022
- Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in the Dominican Republic
- Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in the Dominican Republic
Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in the Dominican Republic (CIF) - 2023
The average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $745 per ton in March 2023, growing by 4.4% against the previous month. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 an increase of 12% month-to-month. The import price peaked at $800 per ton in November 2022; however, from December 2022 to March 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Guatemala.
From March 2022 to March 2023, the rate of growth in terms of prices for Nicaragua amounted to +1.6% per month.
Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in the Dominican Republic (FOB) - 2022
The average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $980 per ton in 2022, rising by 2% against the previous year. In general, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +9.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose increased by +13.4% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 195%. As a result, the export price reached the peak level of $1,223 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Cuba ($2,408 per ton), while the average price for exports to Turks and Caicos Islands ($603 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (+13.4%), 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 the Dominican Republic
In 2022, supplies from abroad of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose was finally on the rise to reach 12K tons after two years of decline. Over the period under review, imports, however, showed a abrupt curtailment.
In value terms, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose skyrocketed to $8.5M in 2022. In general, imports posted a strong increase. 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 the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 1.7 | 0.7 | 0.6 | 3.8 | 30.8% |
| Colombia | 0.4 | 1.0 | 0.8 | 3.4 | 104.1% |
| Nicaragua | 0.1 | N/A | N/A | 0.7 | 91.3% |
| Honduras | N/A | 0.2 | N/A | 0.2 | 0.0% |
| El Salvador | N/A | N/A | N/A | 0.2 | 0% |
| United States | 0.9 | 0.7 | 0.2 | 0.1 | -51.9% |
| Mexico | 3.4 | N/A | N/A | N/A | 0% |
| Others | 0.1 | 0.6 | 0.1 | 0.1 | 0.0% |
| Total | 6.6 | 3.3 | 1.7 | 8.5 | 8.8% |
Top Suppliers of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose to the Dominican Republic in 2022:
- Guatemala (5.4K tons)
- Colombia (4.8K tons)
- Nicaragua (0.9K tons)
- Honduras (0.3K tons)
- El Salvador (0.2K tons)
- United States (0.2K tons)
Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in the Dominican Republic
Exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose from the Dominican Republic skyrocketed to 389 tons in 2022, surging by 49% against the previous year's figure. Overall, exports posted a significant increase. The growth pace was the most rapid in 2020 when exports increased by 9,716% against the previous year. As a result, the exports reached the peak of 783 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 $381K in 2022. Over the period under review, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 7,219% against the previous year. As a result, the exports attained the peak of $677K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.2 | 219 | 215 | 221 | 229.1% |
| Haiti | 1.1 | 0.8 | 1.3 | 112 | 367.0% |
| Cuba | N/A | N/A | N/A | 22.3 | 0% |
| Aruba | N/A | 135 | 23.0 | 10.0 | -72.8% |
| British Virgin Islands | N/A | 5.0 | 4.7 | 9.2 | 35.6% |
| Turks and Caicos Islands | N/A | 1.5 | 3.1 | 5.9 | 98.3% |
| Trinidad and Tobago | N/A | 312 | N/A | N/A | 0% |
| Others | 2.0 | 4.0 | 2.9 | 0.7 | -29.5% |
| Total | 9.2 | 677 | 250 | 381 | 246.0% |
Top Export Markets for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose from the Dominican Republic in 2022:
- United States (216.2 tons)
- Haiti (130.1 tons)
- Aruba (11.9 tons)
- British Virgin Islands (10.7 tons)
- Turks and Caicos Islands (9.9 tons)
- Cuba (9.3 tons)
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