Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in China - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in China (FOB) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in China (CIF) - 2022
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in China
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in China
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in China (FOB) - 2022
The average export price for raw cane sugar (without flavoring or coloring matter) stood at $2,460 per ton in 2022, with an increase of 45% against the previous year. Over the period under review, the export price posted a resilient increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 69%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($39,658 per ton), while the average price for exports to Djibouti ($1,125 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 South Korea (+337.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in China (CIF) - 2022
The average import price for raw cane sugar (without flavoring or coloring matter) stood at $389 per ton in 2022, approximately mirroring the previous year. In general, the import price showed a pronounced descent. The growth pace was the most rapid in 2014 an increase of 101% against the previous year. Over the period under review, average import prices attained the maximum at $1,186 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($2,000 per ton), while the price for India stood at $330 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in China
In 2022, exports of raw cane sugar (without flavoring or coloring matter) from China skyrocketed to 32 tons, growing by 20% compared with 2021. In general, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 668% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in years to come.
In value terms, exports of raw cane sugar (without flavoring or coloring matter) surged to $80K in 2022. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 1,197%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter) in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | N/A | 53.2 | N/A | 30.2 | -24.7% |
| Ethiopia | N/A | N/A | N/A | 26.6 | 0% |
| United States | 0.4 | N/A | N/A | 9.1 | 183.4% |
| Canada | N/A | N/A | N/A | 3.7 | 0% |
| Djibouti | N/A | N/A | N/A | 2.6 | 0% |
| Panama | 0.2 | 1.7 | N/A | 2.2 | 122.4% |
| Germany | N/A | N/A | 29.2 | N/A | 0% |
| United Arab Emirates | 3.6 | N/A | N/A | N/A | 0% |
| Singapore | N/A | N/A | 14.6 | N/A | 0% |
| Saudi Arabia | N/A | N/A | 2.0 | N/A | 0% |
| Others | 0.1 | 0.5 | N/A | 5.3 | 275.6% |
| Total | 4.3 | 55.4 | 45.8 | 79.7 | 164.6% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter) from China in 2022:
- Ethiopia (23.3 tons)
- United States (2.4 tons)
- Djibouti (2.3 tons)
- Panama (1.4 tons)
- Canada (0.9 tons)
- South Korea (0.8 tons)
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in China
For the third year in a row, China recorded decline in purchases abroad of raw cane sugar (without flavoring or coloring matter), which decreased by 0% to 190 kg in 2022. Overall, imports faced a sharp reduction. The smallest decline of 99.9% was in 2020.
In value terms, imports of raw cane sugar (without flavoring or coloring matter) totaled $74 in 2022. In general, imports showed a sharp reduction. The smallest decline of 99.9% was in 2020.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter) in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 99.8 | N/A | N/A | 0.1 | -90.0% |
| Nicaragua | 3,011 | N/A | N/A | N/A | 0% |
| Japan | 59.4 | N/A | N/A | N/A | 0% |
| Others | 348 | 0.1 | N/A | N/A | -100.0% |
| Total | 3,518 | 0.1 | N/A | 0.1 | -96.9% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter) to China in 2022:
- India (182.0 kg)
- Japan (6.0 kg)
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