Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Vietnam - 2022
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Vietnam (CIF) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Vietnam (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Vietnam
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Vietnam
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Vietnam (CIF) - 2022
In 2022, the average import price for raw cane sugar (without flavoring or coloring matter, other) amounted to $744 per ton, with an increase of 8.1% against the previous year. Over the period under review, the import price, however, saw a perceptible contraction. The pace of growth appeared the most rapid in 2018 an increase of 8.6% against the previous year. The import price peaked at $966 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Lao People's Democratic Republic ($744 per ton), while the price for Thailand ($744 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+18.3%), while the prices for the other major suppliers experienced a decline.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Vietnam (FOB) - 2022
The average export price for raw cane sugar (without flavoring or coloring matter, other) stood at $520 per ton in 2022, leveling off at the previous year. Over the period under review, the export price, however, continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2018 when the average export price increased by 64%. As a result, the export price attained the peak level of $864 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Australia ($520 per ton) and the United States ($520 per ton), while the average price for exports to South Korea ($520 per ton) and Cambodia ($520 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-0.3%), while the prices for the other major destinations experienced a decline.
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Vietnam
In 2022, overseas purchases of raw cane sugar (without flavoring or coloring matter, other) decreased by -38.4% to 180K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 142%.
In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) dropped dramatically to $134M in 2022. Overall, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 137% against the previous year. As a result, imports reached the peak of $205M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | N/A | N/A | 67.6 | 100 | 47.9% |
| Thailand | 74.5 | 177 | 59.4 | 23.4 | -32.0% |
| Lao People's Democratic Republic | 12.0 | 3.1 | 21.4 | 9.7 | -6.8% |
| Myanmar | N/A | 16.7 | 44.2 | N/A | 164.7% |
| Brazil | N/A | 8.0 | 8.6 | N/A | 7.5% |
| Others | 0.1 | N/A | N/A | 0.7 | 91.3% |
| Total | 86.5 | 205 | 201 | 134 | 15.7% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to Vietnam in 2022:
- Australia (134.6K tons)
- Thailand (31.5K tons)
- Lao People's Democratic Republic (13.0K tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Vietnam
Exports of raw cane sugar (without flavoring or coloring matter, other) from Vietnam contracted markedly to 118 tons in 2022, with a decrease of -18.7% compared with 2021. Overall, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 225%. As a result, the exports attained the peak of 145 tons, and then contracted remarkably in the following year.
In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) fell significantly to $61K in 2022. In general, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 183%.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 18.0 | 25.3 | 63.3 | 41.9 | 32.5% |
| Australia | 3.3 | N/A | 4.6 | 10.6 | 47.5% |
| United States | 0.6 | N/A | 3.8 | 7.2 | 128.9% |
| Kazakhstan | 8.3 | N/A | N/A | N/A | 0% |
| Lao People's Democratic Republic | 60.0 | N/A | N/A | N/A | 0% |
| Others | 3.0 | 0.9 | 2.7 | 1.5 | -20.6% |
| Total | 93.2 | 26.3 | 74.4 | 61.2 | -13.1% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from Vietnam in 2022:
- South Korea (80.6 tons)
- Australia (20.3 tons)
- United States (13.8 tons)
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