Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in India - 2023
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in India (FOB) - 2022
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in India (CIF) - 2022
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in India
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in India
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in India (FOB) - 2022
The average export price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $498 per ton in 2022, surging by 21% against the previous year. Over the period under review, the export price, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 when the average export price increased by 28%. Over the period under review, the average export prices attained the maximum at $630 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Sudan ($543 per ton) and Pakistan ($520 per ton), while the average price for exports to Tanzania ($426 per ton) and Rwanda ($442 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 Afghanistan (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in India (CIF) - 2022
The average import price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $9,103 per ton in 2022, increasing by 47% against the previous year. Over the period under review, the import price posted a resilient expansion. The pace of growth appeared the most rapid in 2014 an increase of 3,162% against the previous year. Over the period under review, average import prices attained the peak figure at $44,557 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +14.1% per year.
Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in India
In 2022, overseas shipments of refined cane or beet sugar (with added flavoring or coloring matter) decreased by -9.4% to 195K tons, falling for the second consecutive year after two years of growth. In general, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 236% against the previous year. As a result, the exports reached the peak of 316K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) expanded rapidly to $97M in 2022. Overall, exports, however, saw significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 296%. As a result, the exports attained the peak of $119M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sudan | 0.3 | 29.4 | 0.5 | 31.6 | 372.3% |
| Tanzania | 1.8 | 9.8 | 25.7 | 18.7 | 118.2% |
| Pakistan | N/A | 0.1 | 1.8 | 9.1 | 853.9% |
| Kenya | 2.0 | 6.6 | 2.7 | 5.2 | 37.5% |
| Iran | 0.9 | N/A | 0.1 | 3.8 | 61.6% |
| Somalia | 0.8 | 5.0 | 1.7 | 3.8 | 68.1% |
| Afghanistan | N/A | 0.9 | 0.5 | 3.0 | 82.6% |
| Djibouti | N/A | 0.5 | N/A | 2.7 | 132.4% |
| Rwanda | 0.6 | 2.8 | 8.8 | 2.1 | 51.8% |
| Turkmenistan | N/A | N/A | 0.8 | 1.8 | 125.0% |
| Sri Lanka | 17.6 | 18.9 | 37.0 | 0.9 | -62.9% |
| Jordan | N/A | 10.1 | N/A | 0.8 | -71.9% |
| Syrian Arab Republic | N/A | 8.0 | N/A | N/A | 0% |
| Others | 6.1 | 26.5 | 9.2 | 13.8 | 31.3% |
| Total | 30.0 | 119 | 88.9 | 97.3 | 48.0% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from India in 2022:
- Sudan (58.1K tons)
- Tanzania (44.0K tons)
- Pakistan (17.6K tons)
- Kenya (11.1K tons)
- Iran (7.8K tons)
- Somalia (7.7K tons)
- Afghanistan (5.9K tons)
- Djibouti (5.5K tons)
- Rwanda (4.8K tons)
- Turkmenistan (3.8K tons)
- Sri Lanka (1.8K tons)
- Jordan (1.4K tons)
Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in India
In 2022, the amount of refined cane or beet sugar (with added flavoring or coloring matter) imported into India reduced remarkably to 1.1 tons, waning by -69.7% compared with 2021 figures. Over the period under review, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 4,801%. As a result, imports reached the peak of 3.8 tons, and then fell remarkably in the following year.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) contracted remarkably to $10K in 2022. In general, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 7,454%. As a result, imports attained the peak of $23K, and then reduced remarkably in the following year.
| Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.1 | N/A | 5.1 | 10.3 | 368.8% |
| Singapore | 3.6 | N/A | N/A | N/A | 0% |
| United Arab Emirates | 1.8 | 0.3 | 18.3 | N/A | 218.9% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 5.4 | 0.3 | 23.3 | 10.4 | 24.4% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to India in 2022:
- United States (1134.0 kg)
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