Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Mexico - 2023
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Mexico (CIF) - 2023
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Mexico
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Mexico (CIF) - 2023
The average import price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $6,356 per ton in October 2023, remaining constant against the previous month. Over the period under review, the import price posted a slight expansion. The pace of growth appeared the most rapid in December 2022 when the average import price increased by 41% against the previous month. As a result, import price attained the peak level of $7,957 per ton. From January 2023 to October 2023, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From November 2022 to October 2023, the rate of growth in terms of prices for the United States amounted to +1.1% per month.
Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Mexico
Imports of refined cane or beet sugar (with added flavoring or coloring matter) into Mexico declined notably to 53 tons in 2022, waning by -39.5% against the previous year. In general, imports showed a sharp slump. The smallest decline of -38% was in 2020.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) contracted sharply to $339K in 2022. Overall, imports saw a precipitous slump. The pace of growth was the most pronounced in 2020 when imports increased by 8.4%. As a result, imports attained the peak of $890K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 821 | 890 | 372 | 339 | -25.5% |
| Others | N/A | N/A | 46.3 | N/A | 0% |
| Total | 821 | 890 | 418 | 339 | -25.5% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to Mexico in 2022:
- United States (52.8 tons)
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