Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Chile - 2023

Contents:

1. Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Chile (CIF) - 2023
2. Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Chile (FOB) - 2022
3. Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Chile
4. Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Chile

Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Chile (CIF) - 2023

In December 2023, the average import price for raw cane sugar (without flavoring or coloring matter, other) amounted to $634 per ton, which is down by -2% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +2.3%. The pace of growth was the most pronounced in February 2023 an increase of 78% month-to-month. As a result, import price reached the peak level of $834 per ton. From March 2023 to December 2023, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In December 2023, the country with the highest price was Colombia ($840 per ton), while the price for Brazil stood at $632 per ton.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Colombia (+2.8%).

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

The average export price for raw cane sugar (without flavoring or coloring matter, other) stood at $2,349 per ton in 2022, with an increase of 30% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible contraction. The growth pace was the most rapid in 2020 when the average export price increased by 248%. Over the period under review, the average export prices reached the maximum at $3,332 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Uruguay ($6,685 per ton), while the average price for exports to Venezuela amounted to $1,000 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (-5.3%).

Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Chile

Imports of raw cane sugar (without flavoring or coloring matter, other) into Chile rose significantly to 150K tons in 2022, with an increase of 15% on the year before. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +16.3% 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 +57.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 36% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) surged to $74M in 2022. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 86%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.

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

1. Brazil (130.6K tons)
2. Argentina (11.0K tons)
3. Colombia (6.0K tons)

Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Chile

In 2022, exports of raw cane sugar (without flavoring or coloring matter, other) from Chile skyrocketed to 3.9 tons, rising by 376% against 2021. Over the period under review, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 3,670% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) skyrocketed to $9.2K in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 13,015% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

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

1. Venezuela (3.0 tons)
2. Uruguay (0.9 tons)

Source: IndexBox Market Intelligence Platform