Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Peru - 2022
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Peru (CIF) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Peru (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Peru
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Peru
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Peru (CIF) - 2022
The average import price for raw cane sugar (without flavoring or coloring matter, other) stood at $591 per ton in 2022, increasing by 32% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $632 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Bolivia ($636 per ton) and Brazil ($611 per ton), while the price for El Salvador ($563 per ton) and Colombia ($572 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Peru (FOB) - 2022
In 2022, the average export price for raw cane sugar (without flavoring or coloring matter, other) amounted to $690 per ton, remaining stable against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 32% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($688 per ton), while the average price for exports to Ecuador stood at $590 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+31.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Peru
Imports of raw cane sugar (without flavoring or coloring matter, other) into Peru skyrocketed to 140K tons in 2022, jumping by 243% on 2021. In general, imports enjoyed a significant expansion.
In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) skyrocketed to $82M in 2022. Over the period under review, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Peru (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Guatemala | 3.1 | 12.0 | 1.6 | 27.6 | 107.3% |
Nicaragua | 0.2 | 0.7 | 0.5 | 26.1 | 407.2% |
El Salvador | 0.6 | 5.4 | 1.6 | 9.9 | 154.6% |
Bolivia | 0.3 | 1.3 | 1.7 | 8.5 | 204.9% |
Honduras | 0.7 | 0.7 | 2.4 | 5.0 | 92.6% |
Colombia | 7.0 | 29.1 | 8.9 | 2.6 | -28.1% |
Brazil | 8.8 | 10.6 | 1.1 | 1.3 | -47.1% |
Others | 0.3 | 0.3 | 0.5 | 1.4 | 67.1% |
Total | 21.1 | 60.0 | 18.2 | 82.5 | 57.5% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to Peru in 2022:
- Guatemala (47.5K tons)
- Nicaragua (44.4K tons)
- El Salvador (17.7K tons)
- Bolivia (13.4K tons)
- Honduras (8.3K tons)
- Colombia (4.6K tons)
- Brazil (2.2K tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Peru
In 2022, exports of raw cane sugar (without flavoring or coloring matter, other) from Peru expanded markedly to 16K tons, growing by 6.1% on 2021 figures. Over the period under review, exports, however, showed a precipitous curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 37%.
In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) expanded markedly to $11M in 2022. In general, exports, however, faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 82% against the previous year.
Export of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Peru (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 39.5 | 2.5 | 5.9 | 10.5 | -35.7% |
Ecuador | N/A | N/A | 0.3 | 0.2 | -33.3% |
Colombia | 2.4 | 1.0 | 1.0 | N/A | -35.5% |
Others | 3.3 | 2.1 | 2.9 | 0.2 | -60.7% |
Total | 45.2 | 5.5 | 10.1 | 10.8 | -37.9% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from Peru in 2022:
- United States (15.2K tons)
- Ecuador (0.3K tons)
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In value terms, cane and beet sugar and sucrose imports totaled $X in 2016. Overall, it indicated a perceptible growth from 2007 to 2016: the total imports value increased at an average annual rate ...
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Discover the top import markets for sugar, including China, the United States, Indonesia, Bangladesh, and South Korea, and their importance in meeting global sugar demand. Gain valuable insights from the IndexBox market report on the sugar industry.
This year, world sugar production is expected to rise by 3% to 193M tons. The growth will be encouraged by favorable weather conditions in most of the largest producing countries, as well as the providing exemptions on the neonicotinoid usage against plant diseases and blights in France, Germany and the UK. The drop in sugar production and shipments from Brazil will be offset by large volumes coming from Thailand, which will boost global exports by +2.6% y-o-y. The increased supply in the world market is to keep sugar prices relatively stable over the next two years.