Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Costa Rica - 2022
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Costa Rica (FOB) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Costa Rica (CIF) - 2022
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Costa Rica
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Costa Rica
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Costa Rica (FOB) - 2022
The average export price for raw cane sugar (without flavoring or coloring matter) stood at $1,568 per ton in 2022, reducing by -2% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2014 when the average export price increased by 18% against the previous year. Over the period under review, the average export prices hit record highs at $1,748 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to France ($1,664 per ton) and Belgium ($1,650 per ton), while the average price for exports to Spain ($1,393 per ton) and the United States ($1,552 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+5.9%), 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 Costa Rica (CIF) - 2022
The average import price for raw cane sugar (without flavoring or coloring matter) stood at $3,500 per ton in 2022, picking up by 813% against the previous year. Overall, the import price, however, recorded a mild descent. Over the period under review, average import prices hit record highs at $4,097 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($18,667 per ton), while the price for Colombia stood at $1,225 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (-21.6%).
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Costa Rica
In 2022, exports of raw cane sugar (without flavoring or coloring matter) from Costa Rica reduced notably to 1.1K tons, dropping by -37.7% against the previous year's figure. Overall, exports showed a deep downturn. The growth pace was the most rapid in 2021 when exports increased by 22% against the previous year. As a result, the exports attained the peak of 1.7K tons, and then declined notably in the following year.
In value terms, exports of raw cane sugar (without flavoring or coloring matter) fell significantly to $1.7M in 2022. In general, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2021 when exports increased by 19%. As a result, the exports attained the peak of $2.8M, and then shrank rapidly in the following year.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 530 | 866 | 1,048 | 523 | -0.4% |
| Spain | 131 | 146 | 323 | 437 | 49.4% |
| France | 932 | 541 | 453 | 399 | -24.6% |
| United States | 129 | 166 | 162 | 173 | 10.3% |
| Belgium | 47.6 | 92.7 | 260 | 66.0 | 11.5% |
| Japan | 59.8 | 108 | 36.1 | 65.6 | 3.1% |
| Netherlands | 479 | 268 | 164 | N/A | -41.5% |
| Others | 185 | 132 | 306 | 17.0 | -54.9% |
| Total | 2,494 | 2,319 | 2,752 | 1,681 | -12.3% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter) from Costa Rica in 2022:
- Germany (320.3 tons)
- Spain (313.3 tons)
- France (240.0 tons)
- United States (111.7 tons)
- Belgium (40.0 tons)
- Japan (40.0 tons)
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Costa Rica
In 2022, approx. 46 kg of raw cane sugar (without flavoring or coloring matter) were imported into Costa Rica; shrinking by 99.9% against 2021. Overall, imports showed a precipitous decline. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year.
In value terms, imports of raw cane sugar (without flavoring or coloring matter) contracted notably to $161 in 2022. Over the period under review, imports continue to indicate a precipitous decline. The smallest decline of -6.1% was in 2020.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | N/A | N/A | N/A | 0.1 | 0% |
| Colombia | 13.7 | 7.4 | 5.6 | N/A | -36.1% |
| United States | 58.0 | 60.0 | 55.4 | N/A | -2.3% |
| Others | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Total | 71.8 | 67.5 | 61.0 | 0.2 | -85.9% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter) to Costa Rica in 2022:
- Colombia (40.0 kg)
- Spain (6.0 kg)
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