Japan - Sugar - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSugar Price in Japan - 2023
Contents:
- Sugar Price in Japan (CIF) - 2023
- Sugar Price in Japan (FOB) - 2022
- Sugar Imports in Japan
- Sugar Exports in Japan
Sugar Price in Japan (CIF) - 2023
In July 2023, the average sugar import price amounted to $706 per ton, growing by 5.1% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.2%. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 11% month-to-month. The import price peaked in July 2023.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Australia ($708 per ton), while the price for Thailand totaled $648 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Australia (+2.3%).
Sugar Price in Japan (FOB) - 2022
The average sugar export price stood at $3,438 per ton in 2022, dropping by -12.2% against the previous year. In general, the export price recorded a abrupt decrease. The pace of growth appeared the most rapid in 2018 an increase of 15%. Over the period under review, the average export prices attained the maximum at $6,238 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($4,561 per ton), while the average price for exports to Vietnam ($2,508 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 Vietnam (+30.0%), while the prices for the other major destinations experienced a decline.
Sugar Imports in Japan
In 2022, supplies from abroad of sugar was finally on the rise to reach 1.1M tons after two years of decline. Over the period under review, imports, however, saw a noticeable reduction.
In value terms, sugar imports skyrocketed to $586M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +12.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Sugar in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 327 | 331 | 428 | 524 | 17.0% |
| Thailand | 79.7 | 44.5 | 66.8 | 56.2 | -11.0% |
| Others | 7.0 | 15.4 | 6.5 | 6.1 | -4.5% |
| Total | 414 | 391 | 502 | 586 | 12.3% |
Top Suppliers of Sugar to Japan in 2022:
- Australia (949.6K tons)
- Thailand (99.7K tons)
Sugar Exports in Japan
In 2022, overseas shipments of sugar were finally on the rise to reach 188 tons after two years of decline. Overall, exports, however, recorded a abrupt contraction.
In value terms, sugar exports shrank to $645K in 2022. In general, exports, however, showed a abrupt descent.
| Export of Sugar in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 202 | 261 | 245 | 195 | -1.2% |
| Taiwan (Chinese) | 167 | 142 | 179 | 142 | -5.3% |
| South Korea | 270 | 88.5 | 108 | 134 | -20.8% |
| United States | 18.1 | 37.5 | 74.5 | 80.0 | 64.1% |
| China | 199 | 125 | 8.8 | 58.3 | -33.6% |
| Vietnam | 11.4 | 31.1 | 26.2 | 13.8 | 6.6% |
| Others | 31.8 | 84.6 | 46.7 | 21.4 | -12.4% |
| Total | 899 | 770 | 688 | 645 | -10.5% |
Top Export Markets for Sugar from Japan in 2022:
- Hong Kong SAR (66.0 tons)
- South Korea (31.5 tons)
- Taiwan (Chinese) (31.2 tons)
- United States (25.5 tons)
- China (22.0 tons)
- Vietnam (5.5 tons)
This report provides an in-depth analysis of the sugar market in Japan. 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:
- Japan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Japan
- 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
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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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