Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Canada - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Canada (CIF) - 2023
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Canada (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Canada
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Canada
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Canada (CIF) - 2023
In December 2023, the average import price for raw cane sugar (without flavoring or coloring matter) amounted to $1,563 per ton, growing by 31% against the previous month. Over the period under review, the import price saw a moderate increase. The growth pace was the most rapid in October 2023 when the average import price increased by 92% against the previous month. As a result, import price reached the peak level of $1,996 per ton. From November 2023 to December 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was the United States ($6,140 per ton), while the price for Brazil ($933 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the United States (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Canada (FOB) - 2022
The average export price for raw cane sugar (without flavoring or coloring matter) stood at $1,218 per ton in 2022, stabilizing at the previous year. Overall, the export price saw a pronounced shrinkage. The growth pace was the most rapid in 2013 a decrease of -12.6% against the previous year. The export price peaked at $1,964 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($5,458 per ton), while the average price for exports to Bahamas amounted to $1,188 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+15.3%).
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Canada
For the third consecutive year, Canada recorded decline in overseas purchases of raw cane sugar (without flavoring or coloring matter), which decreased by -41.8% to 546 tons in 2022. Over the period under review, imports recorded a sharp reduction. The smallest decline of -22.4% was in 2020.
In value terms, imports of raw cane sugar (without flavoring or coloring matter) soared to $1.3M in 2022. In general, imports continue to indicate a noticeable setback.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 41.1 | 78.9 | 16.4 | 506 | 130.9% |
| India | 21.8 | 53.3 | 20.2 | 462 | 176.7% |
| Taiwan (Chinese) | 7.6 | 16.4 | 9.2 | 97.7 | 134.3% |
| United States | 1.5 | 5.7 | 2.2 | 73.9 | 266.6% |
| China | 9.8 | 21.7 | 5.5 | 52.4 | 74.9% |
| Colombia | 13.1 | 31.0 | 6.5 | 38.7 | 43.5% |
| Mozambique | N/A | N/A | N/A | 7.4 | 0% |
| Nicaragua | 1,385 | 1,083 | 816 | N/A | -23.2% |
| Others | 18.8 | 31.1 | 21.9 | 77.8 | 60.5% |
| Total | 1,498 | 1,321 | 898 | 1,316 | -4.2% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter) to Canada in 2022:
- India (203.5 tons)
- Brazil (195.8 tons)
- United States (48.4 tons)
- Taiwan (Chinese) (26.0 tons)
- Mozambique (20.0 tons)
- China (11.6 tons)
- Colombia (9.7 tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Canada
In 2022, the amount of raw cane sugar (without flavoring or coloring matter) exported from Canada was estimated at 3.5 tons, standing approx. at the previous year. In general, exports showed a sharp decrease. The smallest decline of 99.9% was in 2021.
In value terms, exports of raw cane sugar (without flavoring or coloring matter) amounted to $4.3K in 2022. Overall, exports saw a sharp curtailment. The smallest decline of 99.9% was in 2021.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Bahamas | 8.2 | N/A | 4.1 | -29.3% | |
| Others | 0.3 | N/A | 0.1 | -42.3% | |
| Total | 8.5 | N/A | 4.3 | -28.9% | |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter) from Canada in 2022:
- Bahamas (3.5 tons)
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