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

Contents:

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

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

The average import price for raw cane sugar (without flavoring or coloring matter, other) stood at $707 per ton in November 2023, surging by 6.4% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.1%. The most prominent rate of growth was recorded in May 2023 an increase of 11% against the previous month. The import price peaked at $712 per ton in August 2023; however, from September 2023 to November 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In November 2023, the country with the highest price was Australia ($707 per ton), while the price for Thailand amounted to $647 per ton.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Australia (+2.1%).

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

In 2022, the average export price for raw cane sugar (without flavoring or coloring matter, other) amounted to $3,014 per ton, waning by -20% against the previous year. Overall, the export price saw a abrupt decline. The growth pace was the most rapid in 2014 an increase of 71% against the previous year. Over the period under review, the average export prices reached the maximum at $5,014 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($6,585 per ton), while the average price for exports to Australia ($1,764 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 Singapore (+8.1%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, supplies from abroad of raw cane sugar (without flavoring or coloring matter, other) was finally on the rise to reach 1M tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a pronounced setback.

In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) soared to $578M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +12.7% 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 +50.9% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 29% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

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

1. Australia (949.6K tons)
2. Thailand (97.3K tons)

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

In 2022, approx. 47 tons of raw cane sugar (without flavoring or coloring matter, other) were exported from Japan; increasing by 15% against the year before. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +8.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 38% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) fell to $140K in 2022. The total export value increased at an average annual rate of +1.2% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 25%. As a result, the exports attained the peak of $153K, and then declined in the following year.

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

1. Taiwan (Chinese) (28.0 tons)
2. Hong Kong SAR (10.0 tons)
3. United States (3.0 tons)
4. Singapore (2.0 tons)
5. South Korea (2.0 tons)
6. Australia (1.0 tons)

Source: IndexBox Market Intelligence Platform