Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in the Dominican Republic - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in the Dominican Republic (FOB) - 2023
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in the Dominican Republic (CIF) - 2022
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in the Dominican Republic
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in the Dominican Republic
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in the Dominican Republic (FOB) - 2023
The average export price for raw cane sugar (without flavoring or coloring matter) stood at $654 per ton in March 2023, surging by 11% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2022 when the average export price increased by 46% against the previous month. Over the period under review, the average export prices attained the maximum at $836 per ton in November 2022; however, from December 2022 to March 2023, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From March 2022 to March 2023, the rate of growth in terms of prices for the United States amounted to +0.7% per month.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in the Dominican Republic (CIF) - 2022
The average import price for raw cane sugar (without flavoring or coloring matter) stood at $653 per ton in 2022, leveling off at the previous year. In general, the import price continues to indicate a perceptible decrease. The growth pace was the most rapid in 2017 an increase of 763% against the previous year. As a result, import price reached the peak level of $3,737 per ton. From 2018 to 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Guatemala.
From 2012 to 2022, the rate of growth in terms of prices for Guatemala amounted to -4.8% per year.
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in the Dominican Republic
In 2022, exports of raw cane sugar (without flavoring or coloring matter) from the Dominican Republic surged to 220K tons, with an increase of 18% compared with the previous year's figure. The total export volume increased at an average annual rate of +11.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 22% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of raw cane sugar (without flavoring or coloring matter) soared to $131M in 2022. The total export value increased at an average annual rate of +13.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter) in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 90.5 | 102 | 106 | 130 | 12.8% |
| Others | N/A | N/A | 0.3 | 0.7 | 133.3% |
| Total | 90.6 | 102 | 106 | 131 | 13.1% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter) from the Dominican Republic in 2022:
- United States (219.5K tons)
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in the Dominican Republic
Imports of raw cane sugar (without flavoring or coloring matter) into the Dominican Republic amounted to 312 tons in 2022, approximately equating 2021. Over the period under review, imports posted a significant increase. The smallest decline of -92.8% was in 2020. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of raw cane sugar (without flavoring or coloring matter) amounted to $204K in 2022. Overall, imports recorded significant growth. The smallest decline of -95.2% was in 2020. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter) in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | N/A | N/A | N/A | 204 | 0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 0.1 | N/A | N/A | 204 | 1168.3% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter) to the Dominican Republic in 2022:
- Guatemala (312.0 tons)
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