Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in South Korea - 2022
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in South Korea (CIF) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in South Korea (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in South Korea
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in South Korea
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in South Korea (CIF) - 2022
In 2022, the average import price for raw cane sugar (without flavoring or coloring matter) amounted to $8,705 per ton, growing by 241% against the previous year. Over the period under review, the import price saw a resilient increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Colombia ($9,397 per ton), while the price for the United States ($5,714 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in South Korea (FOB) - 2022
In 2022, the average export price for raw cane sugar (without flavoring or coloring matter) amounted to $5,771 per ton, jumping by 268% against the previous year. In general, the export price recorded resilient growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($5,959 per ton), while the average price for exports to Hong Kong SAR totaled $5,488 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+18.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in South Korea
In 2022, overseas purchases of raw cane sugar (without flavoring or coloring matter) decreased by -70.3% to 177 tons, falling for the second consecutive year after two years of growth. In general, imports recorded a sharp reduction. The most prominent rate of growth was recorded in 2020 with an increase of 24% against the previous year. As a result, imports reached the peak of 918 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of raw cane sugar (without flavoring or coloring matter) totaled $1.5M in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 10% against the previous year. As a result, imports reached the peak of $1.7M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter) in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 81.7 | 144 | 328 | 965 | 127.7% |
| Colombia | 27.2 | 66.7 | 81.3 | 331 | 130.0% |
| China | 2.0 | 12.7 | 12.2 | 148 | 319.8% |
| United States | 6.3 | 5.1 | 14.0 | 53.3 | 103.8% |
| Nicaragua | 1,223 | 1,169 | 600 | N/A | -30.0% |
| Honduras | 226 | 321 | N/A | N/A | 42.0% |
| Others | 6.5 | 10.8 | 491 | 47.1 | 93.5% |
| Total | 1,572 | 1,730 | 1,527 | 1,544 | -0.6% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter) to South Korea in 2022:
- Philippines (107.8 tons)
- Colombia (35.2 tons)
- China (22.9 tons)
- United States (9.3 tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in South Korea
In 2022, overseas shipments of raw cane sugar (without flavoring or coloring matter) decreased by -99% to 205 kg, falling for the second consecutive year after two years of growth. In general, exports recorded a sharp setback. The growth pace was the most rapid in 2020 when exports increased by 48%. As a result, the exports attained the peak of 42 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of raw cane sugar (without flavoring or coloring matter) reduced markedly to $1.2K in 2022. Overall, exports faced a significant decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 23% against the previous year. As a result, the exports attained the peak of $53K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter) in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 0.7 | 0% |
| Hong Kong SAR | 2.2 | 3.4 | 1.9 | 0.5 | -39.0% |
| Macao SAR | 37.0 | 45.7 | 25.8 | N/A | -16.5% |
| Singapore | 1.8 | 1.5 | 1.1 | N/A | -21.8% |
| Taiwan (Chinese) | 1.9 | 2.0 | 1.3 | N/A | -17.3% |
| Others | 0.6 | 0.9 | 1.5 | N/A | 58.1% |
| Total | 43.6 | 53.5 | 31.6 | 1.2 | -69.8% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter) from South Korea in 2022:
- United States (123.0 kg)
- Hong Kong SAR (82.0 kg)
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