Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in the United States - 2023
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in the United States (FOB) - 2023
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in the United States (CIF) - 2022
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in the United States
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in the United States
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in the United States (FOB) - 2023
In December 2023, the average export price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $1,727 per ton, declining by -10.5% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2023 an increase of 13% against the previous month. The export price peaked at $2,316 per ton in August 2023; however, from September 2023 to December 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was South Korea ($14,571 per ton), while the average price for exports to Thailand ($1,315 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+19.6%), 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 the United States (CIF) - 2022
The average import price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $2,162 per ton in 2022, surging by 55% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $2,437 per ton in 2017; however, from 2018 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 ($3,034 per ton), while the price for Brazil ($642 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+5.7%), 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 the United States
In 2022, exports of refined cane or beet sugar (with added flavoring or coloring matter) from the United States soared to 12K tons, surging by 15% compared with 2021. Overall, exports, however, faced a deep slump.
In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) totaled $23M in 2022. In general, exports, however, faced a abrupt slump.
| Export of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 4.4 | 3.0 | 2.9 | 3.2 | -10.1% |
| Japan | 2.8 | 1.6 | 2.1 | 2.9 | 1.2% |
| Malaysia | 0.9 | 0.2 | 0.2 | 2.8 | 46.0% |
| United Kingdom | 1.7 | 3.3 | 3.0 | 1.6 | -2.0% |
| China | 3.6 | 0.3 | 2.0 | 1.2 | -30.7% |
| Mexico | 0.7 | 0.8 | 1.1 | 1.1 | 16.3% |
| Indonesia | 1.5 | 0.7 | 1.0 | 1.0 | -12.6% |
| South Korea | 1.6 | 0.9 | 1.2 | 1.0 | -14.5% |
| New Zealand | 1.1 | 2.4 | 2.0 | 1.0 | -3.1% |
| United Arab Emirates | 0.4 | 0.1 | 0.4 | 0.9 | 31.0% |
| Saudi Arabia | 0.8 | 0.7 | 0.7 | 0.8 | 0.0% |
| Hong Kong SAR | 1.8 | N/A | 0.3 | 0.6 | -30.7% |
| Thailand | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Others | 11.8 | 6.1 | 3.9 | 4.5 | -27.5% |
| Total | 33.2 | 20.3 | 20.8 | 22.9 | -11.6% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from the United States in 2022:
- Canada (1959.8 tons)
- Japan (1560.2 tons)
- Malaysia (1541.8 tons)
- United Kingdom (930.3 tons)
- China (724.8 tons)
- South Korea (518.2 tons)
- Mexico (517.7 tons)
- Indonesia (488.6 tons)
- Saudi Arabia (479.5 tons)
- United Arab Emirates (456.9 tons)
- Hong Kong SAR (376.9 tons)
- New Zealand (244.1 tons)
- Thailand (202.6 tons)
Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in the United States
In 2022, after three years of growth, there was significant decline in purchases abroad of refined cane or beet sugar (with added flavoring or coloring matter), when their volume decreased by -39.5% to 10K tons. Overall, imports, however, posted strong growth. The pace of growth appeared the most rapid in 2020 when imports increased by 72% against the previous year.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) declined to $23M in 2022. The total import value increased at an average annual rate of +11.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 37%.
| Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 8.6 | 8.6 | 7.5 | 7.6 | -4.0% |
| China | 1.7 | 5.2 | 5.9 | 5.6 | 48.8% |
| Colombia | N/A | N/A | 0.1 | 2.5 | 2400.0% |
| Indonesia | 1.3 | 1.5 | 1.1 | 1.4 | 2.5% |
| Brazil | 0.1 | 1.5 | 4.9 | 0.9 | 108.0% |
| Costa Rica | 1.9 | 2.7 | 1.8 | 0.4 | -40.5% |
| Belgium | N/A | N/A | N/A | 0.3 | 0% |
| Chile | 0.9 | 0.4 | N/A | N/A | -55.6% |
| Others | 1.9 | 2.5 | 2.8 | 4.0 | 28.2% |
| Total | 16.4 | 22.6 | 24.1 | 22.6 | 11.3% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to the United States in 2022:
- Mexico (4.0K tons)
- China (1.8K tons)
- Brazil (1.5K tons)
- Colombia (1.5K tons)
- Indonesia (0.5K tons)
- Costa Rica (0.4K tons)
- Belgium (0.2K tons)
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