Australia - Sugar - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSugar Price in Australia - 2023
Contents:
- Sugar Price in Australia (CIF) - 2022
- Sugar Price in Australia (FOB) - 2022
- Sugar Imports in Australia
- Sugar Exports in Australia
Sugar Price in Australia (CIF) - 2022
In 2022, the average sugar import price amounted to $1,333 per ton, approximately mirroring the previous year. Overall, the import price enjoyed resilient growth. The growth pace was the most rapid in 2017 an increase of 107%. The import price peaked in 2022 and is expected to retain growth in the near future.
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 Guatemala ($8,120 per ton), while the price for Paraguay ($636 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by El Salvador (+47.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Sugar Price in Australia (FOB) - 2022
The average sugar export price stood at $814 per ton in 2022, growing by 20% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average export price increased by 48% against the previous year. The export price peaked at $830 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Papua New Guinea ($2,164 per ton), while the average price for exports to Kiribati ($751 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 Papua New Guinea (+6.9%), while the prices for the other major destinations experienced mixed trend patterns.
Sugar Imports in Australia
In 2022, the amount of sugar imported into Australia reduced markedly to 1.8K tons, waning by -34.9% compared with the previous year. In general, imports showed a deep setback. The growth pace was the most rapid in 2021 when imports increased by 32%. As a result, imports reached the peak of 2.7K tons, and then declined significantly in the following year.
In value terms, sugar imports shrank markedly to $2.3M in 2022. Overall, imports showed a mild reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 49% against the previous year. As a result, imports attained the peak of $3.6M, and then declined dramatically in the following year.
| Import of Sugar in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 892 | 596 | 952 | 638 | -10.6% |
| India | 296 | 493 | 1,183 | 522 | 20.8% |
| China | 372 | 334 | 288 | 429 | 4.9% |
| Colombia | 171 | 294 | 298 | 208 | 6.7% |
| Sri Lanka | 33.7 | 141 | 387 | 167 | 70.5% |
| Taiwan (Chinese) | 127 | 131 | 180 | 61.5 | -21.5% |
| Paraguay | 105 | 80.7 | 83.6 | 60.4 | -16.8% |
| Mauritius | 30.5 | N/A | 46.6 | 44.9 | 13.8% |
| Thailand | 289 | 155 | 24.8 | 28.5 | -53.8% |
| Others | 156 | 190 | 158 | 189 | 6.6% |
| Total | 2,471 | 2,414 | 3,602 | 2,348 | -1.7% |
Top Suppliers of Sugar to Australia in 2022:
- Brazil (745.5 tons)
- India (336.4 tons)
- China (232.1 tons)
- Paraguay (95.0 tons)
- Colombia (90.4 tons)
- Sri Lanka (89.0 tons)
- Mauritius (48.0 tons)
- Thailand (31.9 tons)
- Taiwan (Chinese) (26.4 tons)
Sugar Exports in Australia
In 2022, overseas shipments of sugar decreased by -48.5% to 1.2K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 70% against the previous year. As a result, the exports reached the peak of 2.2K tons, and then fell sharply in the following year.
In value terms, sugar exports fell markedly to $940K in 2022. Over the period under review, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 92%. As a result, the exports reached the peak of $1.5M, and then reduced remarkably in the following year.
| Export of Sugar in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kiribati | 321 | 493 | 1,267 | 479 | 14.3% |
| Tuvalu | 115 | 106 | 201 | 418 | 53.8% |
| Others | 124 | 192 | 53.1 | 43.3 | -29.6% |
| Total | 559 | 791 | 1,520 | 940 | 18.9% |
Top Export Markets for Sugar from Australia in 2022:
- Kiribati (638.0 tons)
- Tuvalu (495.5 tons)
This report provides an in-depth analysis of the sugar market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 162 - Sugar, Raw Centrifugal
- FCL 163 - Sugar, Non-Centrifugal
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This year, world sugar production is expected to rise by 3% to 193M tons. The growth will be encouraged by favorable weather conditions in most of the largest producing countries, as well as the providing exemptions on the neonicotinoid usage against plant diseases and blights in France, Germany and the UK. The drop in sugar production and shipments from Brazil will be offset by large volumes coming from Thailand, which will boost global exports by +2.6% y-o-y. The increased supply in the world market is to keep sugar prices relatively stable over the next two years.
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The global sugar market rose to $105.3B in 2019, surging by 1.9% against the previous year. This figure reflects the...
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The global sugar market revenue amounted to $99.9B in 2017, increasing by 13% against the previous year. This figure refle...
