Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Brazil - 2024
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Brazil (FOB) - 2022
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Brazil (CIF) - 2022
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Brazil
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Brazil
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Brazil (FOB) - 2022
In 2022, the average export price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $681 per ton, growing by 16% against the previous year. In general, the export price, however, continues to indicate a deep reduction. The pace of growth was the most pronounced in 2016 an increase of 20% against the previous year. As a result, the export price reached the peak level of $2,513 per ton. From 2017 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($3,398 per ton), while the average price for exports to Venezuela ($510 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 the United States (+8.7%), while the prices for the other major destinations experienced a decline.
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Brazil (CIF) - 2022
In 2022, the average import price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $15,924 per ton, increasing by 49% against the previous year. In general, the import price showed resilient growth. The pace of growth appeared the most rapid in 2019 an increase of 393%. The import price peaked in 2022 and is likely to continue growth in the immediate term.
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 Japan ($24,441 per ton), while the price for Germany ($3,802 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+108.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Brazil
In 2022, exports of refined cane or beet sugar (with added flavoring or coloring matter) from Brazil dropped notably to 930 tons, declining by -16.5% on the previous year's figure. In general, exports showed a sharp reduction.
In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) declined slightly to $634K in 2022. Over the period under review, exports continue to indicate a dramatic decline.
| Export of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Venezuela | 7.2 | 0.7 | 0.4 | 0.4 | -61.8% |
| United States | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Australia | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.1 | 0.1 | 0.2 | 0.1 | 0.0% |
| Total | 7.3 | 0.8 | 0.7 | 0.6 | -56.5% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from Brazil in 2022:
- Venezuela (755.6 tons)
- Australia (100.0 tons)
- United States (34.5 tons)
Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Brazil
In 2022, imports of refined cane or beet sugar (with added flavoring or coloring matter) into Brazil contracted significantly to 3 tons, waning by -83.4% on 2021 figures. Over the period under review, imports saw a sharp setback. The most prominent rate of growth was recorded in 2021 with an increase of 495%. As a result, imports attained the peak of 18 tons, and then dropped notably in the following year.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) fell sharply to $48K in 2022. In general, imports saw a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 411% against the previous year. As a result, imports reached the peak of $194K, and then reduced rapidly in the following year.
| Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | N/A | N/A | 15.1 | 21.4 | 41.7% |
| Italy | N/A | 30.2 | 40.9 | 16.8 | -25.4% |
| Germany | 4.1 | 3.8 | 36.0 | 0.5 | -50.4% |
| Spain | N/A | 4.1 | 1.8 | N/A | -56.1% |
| Switzerland | 76.4 | N/A | 99.2 | N/A | 13.9% |
| Others | 2.0 | N/A | 1.2 | 9.3 | 66.9% |
| Total | 82.5 | 38.0 | 194 | 47.9 | -16.6% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to Brazil in 2022:
- Italy (2000.0 kg)
- Japan (876.0 kg)
- Germany (121.0 kg)
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