Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the Dominican Republic - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the Dominican Republic (FOB) - 2023
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the Dominican Republic (CIF) - 2022
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the Dominican Republic
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the Dominican Republic
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the Dominican Republic (FOB) - 2023
The average export price for raw cane sugar (without flavoring or coloring matter, other) stood at $733 per ton in February 2023, surging by 7.1% against the previous month. Over the period from January 2023 to February 2023, it increased at an average monthly rate of +7.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the United States.
From January 2023 to February 2023, the rate of growth in terms of prices for the United States amounted to +7.2% per month.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the Dominican Republic (CIF) - 2022
The average import price for raw cane sugar (without flavoring or coloring matter, other) stood at $528 per ton in 2022, falling by -11% against the previous year. In general, the import price saw a abrupt descent. The pace of growth appeared the most rapid in 2021 an increase of 40%. Over the period under review, average import prices reached the maximum at $917 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($1,622 per ton), while the price for Mexico ($464 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the Dominican Republic
In 2022, after two years of decline, there was growth in shipments abroad of raw cane sugar (without flavoring or coloring matter, other), when their volume increased by 4.3% to 18K tons. In general, exports, however, recorded a precipitous curtailment.
In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) rose to $10M in 2022. Over the period under review, exports, however, continue to indicate a precipitous shrinkage.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 25.2 | 10.0 | 9.4 | 9.6 | -27.5% |
| Trinidad and Tobago | 63.8 | 0.2 | 0.3 | 0.4 | -81.6% |
| Haiti | 5.9 | 0.1 | N/A | N/A | -98.3% |
| British Virgin Islands | 1.0 | N/A | N/A | N/A | 0% |
| Others | 2.6 | N/A | N/A | N/A | 0% |
| Total | 98.4 | 10.3 | 9.8 | 10.0 | -53.3% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from the Dominican Republic in 2022:
- United States (17.7K tons)
- Trinidad and Tobago (0.5K tons)
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the Dominican Republic
After three years of growth, overseas purchases of raw cane sugar (without flavoring or coloring matter, other) decreased by -18.3% to 10K tons in 2022. Overall, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 58%. As a result, imports reached the peak of 12K tons, and then declined sharply in the following year.
In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) contracted notably to $5.3M in 2022. In general, imports, however, posted a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 120%. As a result, imports attained the peak of $7.4M, and then fell dramatically in the following year.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 399 | 813 | 1,476 | 2,156 | 75.5% |
| Mexico | 542 | 641 | 1,085 | 1,478 | 39.7% |
| Honduras | 222 | 461 | 810 | 1,145 | 72.8% |
| El Salvador | 159 | 66.2 | 214 | 302 | 23.8% |
| Guatemala | 672 | 1,252 | 3,412 | 97.9 | -47.4% |
| Others | 115 | 110 | 357 | 170 | 13.9% |
| Total | 2,110 | 3,343 | 7,355 | 5,349 | 36.4% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to the Dominican Republic in 2022:
- Colombia (4.0K tons)
- Mexico (3.2K tons)
- Honduras (2.2K tons)
- El Salvador (0.4K tons)
- Guatemala (0.2K tons)
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