Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Australia - 2023

Contents:

1. Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Australia (FOB) - 2022
2. Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Australia (CIF) - 2022
3. Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Australia
4. Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Australia

Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Australia (FOB) - 2022

The average export price for raw cane sugar (without flavoring or coloring matter) stood at $793 per ton in 2022, surging by 18% against the previous year. Over the period under review, the export price, however, showed a mild contraction. The growth pace was the most rapid in 2014 when the average export price increased by 46%. Over the period under review, the average export prices hit record highs at $909 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Tuvalu ($802 per ton), while the average price for exports to Kiribati amounted to $751 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kiribati (-0.6%), while the prices for the other major destinations experienced a decline.

Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Australia (CIF) - 2022

In 2022, the average import price for raw cane sugar (without flavoring or coloring matter) amounted to $1,656 per ton, falling by -11.1% against the previous year. Overall, the import price, however, posted a resilient expansion. The pace of growth was the most pronounced in 2017 when the average import price increased by 120% against the previous year. The import price peaked at $1,863 per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($2,484 per ton), while the price for Brazil ($897 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Australia

In 2022, after three years of growth, there was significant decline in overseas shipments of raw cane sugar (without flavoring or coloring matter), when their volume decreased by -52.7% to 1.1K tons. Overall, exports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 71% against the previous year. As a result, the exports attained the peak of 2.2K tons, and then dropped significantly in the following year.

In value terms, exports of raw cane sugar (without flavoring or coloring matter) shrank sharply to $841K in 2022. Over the period under review, exports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2021 when exports increased by 96%. As a result, the exports reached the peak of $1.5M, and then declined markedly in the following year.

Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter) from Australia in 2022:

1. Kiribati (638.0 tons)
2. Tuvalu (400.5 tons)

Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Australia

In 2022, approx. 177 tons of raw cane sugar (without flavoring or coloring matter) were imported into Australia; declining by -26% compared with the previous year's figure. Over the period under review, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 12% against the previous year. As a result, imports attained the peak of 239 tons, and then fell notably in the following year.

In value terms, imports of raw cane sugar (without flavoring or coloring matter) declined notably to $293K in 2022. In general, imports saw a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 13%. As a result, imports reached the peak of $445K, and then dropped dramatically in the following year.

Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter) to Australia in 2022:

1. Colombia (61.0 tons)
2. India (52.6 tons)
3. Brazil (50.0 tons)
4. Taiwan (Chinese) (9.3 tons)
5. China (4.0 tons)

Source: IndexBox Market Intelligence Platform