Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Malaysia - 2024
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Malaysia (CIF) - 2022
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Malaysia (FOB) - 2022
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Malaysia
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Malaysia
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Malaysia (CIF) - 2022
The average import price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $768 per ton in 2022, with an increase of 15% against the previous year. In general, the import price, however, continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2017 an increase of 20%. The import price peaked at $1,377 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 China ($1,221 per ton), while the price for India ($559 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+13.7%), while the prices for the other major suppliers experienced a decline.
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Malaysia (FOB) - 2022
The average export price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $625 per ton in 2022, shrinking by -6.7% against the previous year. Over the period under review, the export price showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 50% against the previous year. Over the period under review, the average export prices reached the peak figure at $1,400 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($1,353 per ton), while the average price for exports to Australia ($539 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 Indonesia (+5.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Malaysia
In 2022, approx. 5.4K tons of refined cane or beet sugar (with added flavoring or coloring matter) were imported into Malaysia; remaining stable against the previous year's figure. In general, imports, however, showed a deep downturn. The pace of growth was the most pronounced in 2021 when imports increased by 22%.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) skyrocketed to $4.2M in 2022. Over the period under review, imports, however, recorded a pronounced descent. The pace of growth was the most pronounced in 2021 when imports increased by 34%.
| Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 1,980 | 1,547 | 1,265 | 1,681 | -5.3% |
| China | 527 | 465 | 658 | 1,059 | 26.2% |
| India | 21.7 | 129 | 878 | 704 | 218.9% |
| United States | 122 | 54.4 | 89.4 | 282 | 32.2% |
| South Korea | 1,012 | 135 | 0.3 | 200 | -41.8% |
| Brazil | 127 | 126 | 85.0 | 61.1 | -21.6% |
| Taiwan (Chinese) | 411 | 21.5 | 46.3 | 59.2 | -47.6% |
| Argentina | N/A | N/A | 402 | 59.2 | -85.3% |
| Others | 279 | 188 | 138 | 50.5 | -43.4% |
| Total | 4,480 | 2,666 | 3,563 | 4,156 | -2.5% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to Malaysia in 2022:
- Thailand (2457.3 tons)
- India (1259.2 tons)
- China (867.8 tons)
- South Korea (307.2 tons)
- United States (246.2 tons)
- Brazil (89.0 tons)
- Argentina (70.5 tons)
- Taiwan (Chinese) (59.5 tons)
Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Malaysia
Exports of refined cane or beet sugar (with added flavoring or coloring matter) from Malaysia skyrocketed to 672 tons in 2022, growing by 42% on the year before. Overall, exports posted resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 49%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) soared to $420K in 2022. Over the period under review, exports, however, showed a mild contraction.
| Export of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 113 | 46.4 | 161 | 312 | 40.3% |
| Hong Kong SAR | 15.2 | 11.9 | 5.6 | 45.7 | 44.3% |
| Singapore | 64.2 | 135 | 49.3 | 38.6 | -15.6% |
| Australia | 23.7 | 1.7 | 12.8 | 0.7 | -69.1% |
| China | 203 | N/A | N/A | N/A | 0% |
| Others | 23.8 | 83.2 | 87.9 | 22.5 | -1.9% |
| Total | 444 | 279 | 316 | 420 | -1.8% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from Malaysia in 2022:
- New Zealand (552.0 tons)
- Hong Kong SAR (56.2 tons)
- Singapore (40.4 tons)
- Australia (1.2 tons)
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