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

Contents:

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

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

The average export price for raw cane sugar (without flavoring or coloring matter, other) stood at $808 per ton in November 2023, leveling off at the previous month. Over the period under review, the export price saw a mild increase. The export price peaked in November 2023.

As there is only one major export destination, the average price level is determined by prices for the United States.

From February 2023 to November 2023, the rate of growth in terms of prices for the United States amounted to +1.4% per month.

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

The average import price for raw cane sugar (without flavoring or coloring matter, other) stood at $1,483 per ton in November 2023, shrinking by -2% against the previous month. Overall, the import price showed a mild setback. The pace of growth was the most pronounced in July 2023 when the average import price increased by 27% month-to-month. Over the period under review, average import prices hit record highs at $1,951 per ton in May 2023; however, from June 2023 to November 2023, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From November 2022 to November 2023, the rate of growth in terms of prices for the United States amounted to -1.7% per month.

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

In 2022, exports of raw cane sugar (without flavoring or coloring matter, other) from Mexico totaled 732K tons, surging by 8.5% against the previous year. Over the period under review, exports, however, showed a pronounced reduction.

In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) skyrocketed to $472M in 2022. The total export value increased at an average annual rate of +2.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. United States (731.8K tons)

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

In 2022, after three years of growth, there was significant decline in overseas purchases of raw cane sugar (without flavoring or coloring matter, other), when their volume decreased by -6.9% to 1.2K tons. Overall, imports, however, recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 492% against the previous year.

In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) reduced to $774K in 2022. Over the period under review, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 473% against the previous year.

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

1. United States (1.2K tons)

Source: IndexBox Market Intelligence Platform