Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Hong Kong SAR - 2022
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Hong Kong SAR (CIF) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Hong Kong SAR (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Hong Kong SAR
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Hong Kong SAR
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for raw cane sugar (without flavoring or coloring matter) amounted to $2,757 per ton, falling by -4.6% against the previous year. Over the period under review, the import price, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2021 an increase of 19% against the previous year. As a result, import price attained the peak level of $2,889 per ton, and then dropped slightly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($4,673 per ton), while the price for Mauritius ($1,091 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+18.4%), 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 Hong Kong SAR (FOB) - 2022
In 2022, the average export price for raw cane sugar (without flavoring or coloring matter) amounted to $653 per ton, with a decrease of -2.9% against the previous year. In general, the export price continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2018 when the average export price increased by 68% against the previous year. As a result, the export price reached the peak level of $1,422 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($2,430 per ton), while the average price for exports to Samoa ($440 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 Canada (+5.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Hong Kong SAR
In 2022, overseas purchases of raw cane sugar (without flavoring or coloring matter) decreased by -13% to 143 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +16.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 44%.
In value terms, imports of raw cane sugar (without flavoring or coloring matter) declined markedly to $396K in 2022. In general, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 51%.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 158 | 208 | 334 | 250 | 16.5% |
| Japan | 27.2 | 59.0 | 84.7 | 63.9 | 32.9% |
| Mauritius | 12.1 | 28.8 | 29.6 | 54.4 | 65.0% |
| India | 2.3 | 6.6 | 10.5 | 7.2 | 46.3% |
| Others | 8.3 | 12.4 | 18.2 | 19.7 | 33.4% |
| Total | 208 | 315 | 477 | 396 | 23.9% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter) to Hong Kong SAR in 2022:
- Taiwan (Chinese) (69.7 tons)
- Mauritius (49.8 tons)
- Japan (13.7 tons)
- India (3.5 tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Hong Kong SAR
Exports of raw cane sugar (without flavoring or coloring matter) from Hong Kong SAR dropped sharply to 256 tons in 2022, waning by -31.6% on 2021. In general, exports continue to indicate a deep setback. The growth pace was the most rapid in 2021 with an increase of 171% against the previous year.
In value terms, exports of raw cane sugar (without flavoring or coloring matter) declined markedly to $167K in 2022. Over the period under review, exports showed a deep reduction. The growth pace was the most rapid in 2021 when exports increased by 204% against the previous year. As a result, the exports reached the peak of $251K, and then fell remarkably in the following year.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Samoa | 180 | 54.5 | 89.5 | 96.5 | -18.8% |
| Bahrain | 36.0 | 20.6 | 49.2 | 36.9 | 0.8% |
| Oman | N/A | N/A | 5.2 | 14.3 | 175.0% |
| Canada | 22.7 | 4.3 | 7.9 | 12.9 | -17.2% |
| Kiribati | N/A | N/A | 90.7 | N/A | 0% |
| Others | 12.1 | 3.4 | 8.9 | 6.5 | -18.7% |
| Total | 251 | 82.8 | 251 | 167 | -12.7% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter) from Hong Kong SAR in 2022:
- Samoa (219.2 tons)
- Bahrain (15.2 tons)
- Oman (10.4 tons)
- Canada (8.0 tons)
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