Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Vietnam - 2022
Contents:
- Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Vietnam (CIF) - 2022
- Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Vietnam (FOB) - 2022
- Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Vietnam
- Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Vietnam
Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Vietnam (CIF) - 2022
In 2022, the average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $731 per ton, jumping by 25% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $835 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Lao People's Democratic Republic ($731 per ton) and Indonesia ($731 per ton), while the price for Thailand ($731 per ton) and Cambodia ($731 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+25.7%), 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 Vietnam (FOB) - 2022
In 2022, the average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $594 per ton, increasing by 12% against the previous year. Over the period under review, the export price, however, saw a slight decline. The pace of growth appeared the most rapid in 2020 an increase of 21% against the previous year. Over the period under review, the average export prices attained the peak figure at $682 per ton in 2013; however, from 2014 to 2022, the 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 Lao People's Democratic Republic ($594 per ton) and the United States ($594 per ton), while the average price for exports to Singapore ($594 per ton) and Kazakhstan ($594 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 Kazakhstan (+13.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Vietnam
After three years of growth, overseas purchases of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose decreased by -24% to 706K tons in 2022. Overall, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 1,287% against the previous year.
In value terms, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose contracted to $517M in 2022. Over the period under review, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,599% against the previous year.
| Import of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | N/A | 5.9 | 224 | 253 | 554.8% |
| Malaysia | N/A | 49.8 | 132 | 85.3 | 30.9% |
| Lao People's Democratic Republic | N/A | 2.4 | 22.5 | 51.5 | 363.2% |
| Cambodia | N/A | 24.9 | 49.8 | 47.2 | 37.7% |
| Thailand | 24.8 | 344 | 100 | 39.7 | 17.0% |
| Myanmar | N/A | 5.3 | 11.4 | 38.3 | 168.8% |
| Others | 0.6 | 0.9 | 4.0 | 1.4 | 32.6% |
| Total | 25.5 | 433 | 544 | 517 | 172.7% |
Top Suppliers of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose to Vietnam in 2022:
- Indonesia (346.5K tons)
- Malaysia (116.5K tons)
- Lao People's Democratic Republic (70.3K tons)
- Cambodia (64.6K tons)
- Thailand (54.3K tons)
- Myanmar (52.4K tons)
Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Vietnam
In 2022, shipments abroad of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose increased by 591% to 9.9K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a abrupt decrease.
In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose surged to $5.9M in 2022. Over the period under review, exports, however, recorded a abrupt curtailment.
| Export of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 0.5 | 1.7 | N/A | 4,408 | 1965.8% |
| Singapore | 32.9 | 293 | 279 | 592 | 162.0% |
| Malaysia | 70.5 | 83.0 | 74.4 | 269 | 56.3% |
| Lao People's Democratic Republic | N/A | N/A | N/A | 235 | 0% |
| United States | 78.1 | 138 | 114 | 141 | 21.8% |
| Philippines | 3,248 | 70.4 | 14.9 | 20.9 | -81.4% |
| China | 3,406 | 333 | 116 | N/A | -81.5% |
| Others | 136 | 267 | 164 | 221 | 17.6% |
| Total | 6,971 | 1,186 | 763 | 5,888 | -5.5% |
Top Export Markets for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose from Vietnam in 2022:
- Kazakhstan (7.4K tons)
- Singapore (1.0K tons)
- Malaysia (0.5K tons)
- Lao People's Democratic Republic (0.4K tons)
- United States (0.2K tons)
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