Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Venezuela - 2022
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Venezuela (CIF) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Venezuela (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Venezuela
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Venezuela
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Venezuela (CIF) - 2022
The average import price for raw cane sugar (without flavoring or coloring matter, other) stood at $421 per ton in 2022, dropping by -7.6% against the previous year. Overall, the import price continues to indicate a noticeable decline. The pace of growth appeared the most rapid in 2021 an increase of 22%. Over the period under review, average import prices hit record highs at $573 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 ($425 per ton), while the price for Guatemala ($278 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (-3.0%), while the prices for the other major suppliers experienced a decline.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Venezuela (FOB) - 2022
In 2022, the average export price for raw cane sugar (without flavoring or coloring matter, other) amounted to $652 per ton, leveling off at the previous year. In general, the export price recorded a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $652 per ton in 2021, and then reduced in the following year.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2021 to 2022, the rate of growth in terms of prices for the United States amounted to 0.0% per year.
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Venezuela
In 2022, overseas purchases of raw cane sugar (without flavoring or coloring matter, other) decreased by -12.3% to 159K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 96% against the previous year.
In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) declined rapidly to $67M in 2022. In general, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 99%.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Venezuela (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 19.0 | 49.6 | 82.2 | 63.1 | 49.2% |
| Nicaragua | N/A | N/A | N/A | 3.6 | 0% |
| Guatemala | 6.4 | 1.4 | 0.3 | 0.2 | -68.5% |
| Others | 0.4 | 0.2 | 0.2 | 0.1 | -37.0% |
| Total | 25.7 | 51.2 | 82.7 | 67.0 | 37.6% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to Venezuela in 2022:
- Brazil (148.4K tons)
- Nicaragua (9.9K tons)
- Guatemala (0.6K tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Venezuela
Exports of raw cane sugar (without flavoring or coloring matter, other) from Venezuela contracted rapidly to 6.2K tons in 2022, which is down by -50% against 2021. In general, exports continue to indicate a dramatic descent.
In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) reduced remarkably to $4.1M in 2022. Over the period under review, exports recorded a sharp slump.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Venezuela (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| United States | 8.2 | 4.1 | -50.0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 8.2 | 4.1 | -50.0% | ||
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from Venezuela in 2022:
- United States (6.2K tons)
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