Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in the United States - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in the United States (CIF) - 2023
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in the United States (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in the United States
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in the United States
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in the United States (CIF) - 2023
The average import price for raw cane sugar (without flavoring or coloring matter) stood at $1,327 per ton in December 2023, dropping by -21.9% against the previous month. In general, import price indicated a mild expansion from December 2022 to December 2023: its price increased at an average monthly rate of +1.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for raw cane sugar (without flavoring or coloring matter) increased by +25.3% against September 2023 indices. The pace of growth was the most pronounced in November 2023 an increase of 51% month-to-month. Over the period under review, average import prices reached the peak figure at $1,699 per ton in April 2023; however, from May 2023 to December 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Guatemala ($1,873 per ton), while the price for Mexico ($617 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Colombia (+0.7%), 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 the United States (FOB) - 2022
The average export price for raw cane sugar (without flavoring or coloring matter) stood at $958 per ton in 2022, growing by 18% against the previous year. Over the last decade, it increased at an average annual rate of +4.1%. The pace of growth was the most pronounced in 2021 when the average export price increased by 28%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($2,408 per ton), while the average price for exports to Montserrat ($596 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+17.8%), 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 the United States
In 2022, supplies from abroad of raw cane sugar (without flavoring or coloring matter) was finally on the rise to reach 9.8K tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +1.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of raw cane sugar (without flavoring or coloring matter) soared to $12M in 2022. The total import value increased at an average annual rate of +4.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter) in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 6.1 | 7.0 | 5.9 | 7.2 | 5.7% |
| Mexico | 1.0 | 1.3 | 1.5 | 1.3 | 9.1% |
| India | N/A | N/A | N/A | 1.1 | 0% |
| El Salvador | 0.7 | 0.7 | 0.8 | 0.9 | 8.7% |
| Mauritius | 0.5 | 0.7 | 0.3 | 0.5 | 0.0% |
| Paraguay | 0.1 | N/A | N/A | 0.4 | 58.7% |
| Costa Rica | 0.8 | 0.1 | 0.2 | 0.1 | -50.0% |
| Peru | 0.7 | 0.1 | 0.1 | N/A | -62.2% |
| Bolivia | N/A | N/A | 0.3 | N/A | 0% |
| Others | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
| Total | 10.1 | 10.0 | 9.4 | 11.7 | 5.0% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter) to the United States in 2022:
- Colombia (4.9K tons)
- Mexico (2.0K tons)
- India (1.0K tons)
- Paraguay (0.6K tons)
- El Salvador (0.5K tons)
- Mauritius (0.5K tons)
- Costa Rica (0.1K tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in the United States
In 2022, approx. 397 tons of raw cane sugar (without flavoring or coloring matter) were exported from the United States; jumping by 63% compared with 2021 figures. In general, exports, however, faced a sharp reduction. The growth pace was the most rapid in 2020 with an increase of 72%. As a result, the exports attained the peak of 1.7K 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) soared to $380K in 2022. Overall, exports, however, recorded a abrupt setback.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter) in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 22.1 | 588 | 35.8 | 95.0 | 62.6% |
| Canada | 32.9 | 62.1 | 51.9 | 81.6 | 35.4% |
| Australia | N/A | N/A | N/A | 41.4 | 0% |
| Bahamas | 6.8 | N/A | 5.5 | 38.3 | 77.9% |
| Belgium | N/A | 18.3 | 40.3 | 21.2 | 7.6% |
| Malaysia | N/A | N/A | N/A | 21.0 | 0% |
| Montserrat | N/A | N/A | N/A | 13.9 | 0% |
| Costa Rica | N/A | N/A | N/A | 13.4 | 0% |
| Barbados | N/A | 3.5 | N/A | 5.4 | 24.2% |
| Japan | N/A | N/A | N/A | 5.0 | 0% |
| Colombia | 24.5 | 95.2 | N/A | N/A | 288.6% |
| Trinidad and Tobago | 376 | 227 | N/A | N/A | -39.6% |
| Saudi Arabia | 61.2 | N/A | N/A | N/A | 0% |
| Others | 74.9 | 56.9 | 64.3 | 44.0 | -16.2% |
| Total | 599 | 1,051 | 198 | 380 | -14.1% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter) from the United States in 2022:
- Canada (102.7 tons)
- Mexico (83.7 tons)
- Australia (42.9 tons)
- Bahamas (40.0 tons)
- Malaysia (35.1 tons)
- Montserrat (23.3 tons)
- Costa Rica (13.9 tons)
- Barbados (9.1 tons)
- Belgium (8.8 tons)
- Japan (8.5 tons)
488
This report provides an in-depth analysis of the raw cane sugar market in the USA.
134
This report provides an in-depth analysis of the sugar market in the U.S..
394
This report provides an in-depth analysis of the market for flavoured refined cane sugar in the USA.
375
This report provides an in-depth analysis of the refined cane sugar market in the USA.
498
This report provides an in-depth analysis of the market for refined white cane sugar in the USA.
1314
This report provides an in-depth analysis of the sugar market in the U.S..
814
Global Raw Cane Sugar Market Report 2018. This report provides an in-depth analysis of the global raw cane sugar market.
169
This report provides an in-depth analysis of the global sugar market.
629
Global Flavoured Refined Cane Sugar Market Report 2018. This report provides an in-depth analysis of the global market for flavoured refined cane sugar.
623
Global Refined Cane Sugar Market Report 2018. This report provides an in-depth analysis of the global refined cane sugar market.
1221
In 2022, sugar prices in the U.S. are forecast to drop 4% y/y with support measures from the American government and expected sufficient global supply. Last year,the average retail refined sugar price in America jumped by 8% y/y to 68.4 cents per pound.
1389
In value terms, cane and beet sugar and sucrose imports totaled $X in 2016. Overall, it indicated a perceptible growth from 2007 to 2016: the total imports value increased at an average annual rate ...
1753
In value terms, cane and beet sugar and sucrose exports totaled $X in 2016. Overall, it indicated a strong growth from 2007 to 2016: the total exports value increased at an average annual rate of +X>
373
Discover the top import markets for sugar, including China, the United States, Indonesia, Bangladesh, and South Korea, and their importance in meeting global sugar demand. Gain valuable insights from the IndexBox market report on the sugar industry.
1530
This year, world sugar production is expected to rise by 3% to 193M tons. The growth will be encouraged by favorable weather conditions in most of the largest producing countries, as well as the providing exemptions on the neonicotinoid usage against plant diseases and blights in France, Germany and the UK. The drop in sugar production and shipments from Brazil will be offset by large volumes coming from Thailand, which will boost global exports by +2.6% y-o-y. The increased supply in the world market is to keep sugar prices relatively stable over the next two years.
1151
The global sugar market rose to $105.3B in 2019, surging by 1.9% against the previous year. This figure reflects the...
991
The global sugar market revenue amounted to $99.9B in 2017, increasing by 13% against the previous year. This figure refle...
1221
In 2022, sugar prices in the U.S. are forecast to drop 4% y/y with support measures from the American government and expected sufficient global supply. Last year,the average retail refined sugar price in America jumped by 8% y/y to 68.4 cents per pound.
1389
In value terms, cane and beet sugar and sucrose imports totaled $X in 2016. Overall, it indicated a perceptible growth from 2007 to 2016: the total imports value increased at an average annual rate ...
1753
In value terms, cane and beet sugar and sucrose exports totaled $X in 2016. Overall, it indicated a strong growth from 2007 to 2016: the total exports value increased at an average annual rate of +X>
