Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Venezuela - 2022
Contents:
- Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Venezuela (CIF) - 2022
- Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Venezuela (FOB) - 2022
- Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Venezuela
- Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Venezuela
Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Venezuela (CIF) - 2022
The average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $503 per ton in 2022, shrinking by -13.2% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2013 an increase of 46%. Over the period under review, average import prices reached the maximum at $584 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($514 per ton), while the price for Nicaragua ($258 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+7.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Venezuela (FOB) - 2022
In 2022, the average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $555 per ton, growing by 7.9% against the previous year. Over the period under review, the export price, however, showed a mild downturn. The most prominent rate of growth was recorded in 2016 an increase of 67%. The export price peaked at $1,462 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Aruba.
From 2012 to 2022, the rate of growth in terms of prices for Aruba amounted to -6.0% per year.
Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Venezuela
In 2022, the amount of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose imported into Venezuela soared to 243K tons, picking up by 21% on 2021. In general, imports showed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 225% against the previous year. As a result, imports attained the peak of 284K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose expanded to $122M in 2022. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 180% against the previous year. As a result, imports reached the peak of $127M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Venezuela (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 37.3 | 120 | 112 | 113 | 44.7% |
| Colombia | 3.8 | 2.3 | 0.8 | 4.0 | 1.7% |
| Bolivia | 1.2 | 0.5 | 1.2 | 1.4 | 5.3% |
| Guatemala | 0.7 | 3.6 | 0.8 | 0.8 | 4.6% |
| Others | 2.5 | 1.6 | 1.9 | 3.3 | 9.7% |
| Total | 45.6 | 127 | 117 | 122 | 38.8% |
Top Suppliers of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose to Venezuela in 2022:
- Brazil (219.3K tons)
- Colombia (9.4K tons)
- Bolivia (4.2K tons)
- Guatemala (2.5K tons)
Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Venezuela
In 2022, shipments abroad of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose decreased by -2% to 5.3 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +2.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 4.3% against the previous year. As a result, the exports attained the peak of 5.4 tons, and then reduced in the following year.
In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose reached $3K in 2022. Overall, exports continue to indicate a abrupt setback.
| Export of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Aruba | 2.9 | 2.6 | 2.4 | 2.5 | -4.8% |
| Others | 0.6 | 0.5 | 0.4 | 0.4 | -12.6% |
| Total | 3.5 | 3.1 | 2.8 | 3.0 | -5.0% |
Top Export Markets for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose from Venezuela in 2022:
- Aruba (5.3 tons)
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