Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Hong Kong SAR - 2023
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Hong Kong SAR (CIF) - 2022
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Hong Kong SAR (FOB) - 2022
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Hong Kong SAR
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Hong Kong SAR
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $595 per ton, increasing by 24% against the previous year. In general, the import price, however, saw a mild curtailment. Over the period under review, average import prices attained the maximum at $719 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($2,655 per ton), while the price for South Korea totaled $584 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.1%).
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Hong Kong SAR (FOB) - 2022
The average export price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $681 per ton in 2022, growing by 3.6% against the previous year. Overall, the export price, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2021 an increase of 53%. Over the period under review, the average export prices attained the maximum at $1,079 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($2,138 per ton), while the average price for exports to Macao SAR ($647 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 China (-0.3%).
Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Hong Kong SAR
In 2022, imports of refined cane or beet sugar (with added flavoring or coloring matter) into Hong Kong SAR soared to 3.9K tons, jumping by 76% against the previous year. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +13.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) soared to $2.3M in 2022. Overall, imports continue to indicate buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 993 | 1,417 | 916 | 2,253 | 31.4% |
| United States | 659 | 48.0 | 41.6 | 14.6 | -71.9% |
| Others | 104 | 81.7 | 100 | 43.5 | -25.2% |
| Total | 1,756 | 1,547 | 1,058 | 2,311 | 9.6% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to Hong Kong SAR in 2022:
- South Korea (3.9K tons)
Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Hong Kong SAR
In 2022, overseas shipments of refined cane or beet sugar (with added flavoring or coloring matter) were finally on the rise to reach 1.1K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a mild decrease.
In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) surged to $735K in 2022. Over the period under review, exports continue to indicate buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 513 | 343 | 189 | 682 | 10.0% |
| Philippines | N/A | N/A | N/A | 49.8 | 0% |
| Others | 4.2 | 0.9 | 1.2 | 3.3 | -7.7% |
| Total | 517 | 344 | 190 | 735 | 12.4% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from Hong Kong SAR in 2022:
- Macao SAR (1054.6 tons)
- Philippines (23.3 tons)
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In value terms, cane and beet sugar and sucrose imports totaled $X in 2016. Overall, it indicated a perceptible growth from 2007 to 2016: the total imports value increased at an average annual rate ...
1735
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Discover the top import markets for sugar, including China, the United States, Indonesia, Bangladesh, and South Korea, and their importance in meeting global sugar demand. Gain valuable insights from the IndexBox market report on the sugar industry.
1397
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.
