Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Vietnam - 2022
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Vietnam (CIF) - 2022
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Vietnam (FOB) - 2022
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Vietnam
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Vietnam
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Vietnam (CIF) - 2022
In 2022, the average import price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $2,145 per ton, waning by -2.1% against the previous year. Overall, the import price, however, saw slight growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 13% against the previous year. Over the period under review, average import prices reached the peak figure at $2,682 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Taiwan (Chinese) ($2,146 per ton) and Thailand ($2,146 per ton), while the price for Singapore ($2,145 per ton) and France ($2,145 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+58.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Vietnam (FOB) - 2022
The average export price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $742 per ton in 2022, growing by 8.5% against the previous year. Overall, the export price enjoyed a strong increase. The pace of growth was the most pronounced in 2016 an increase of 305% against the previous year. As a result, the export price reached the peak level of $2,296 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Singapore.
From 2012 to 2022, the rate of growth in terms of prices for Qatar amounted to +113.8% per year.
Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Vietnam
Imports of refined cane or beet sugar (with added flavoring or coloring matter) into Vietnam soared to 20 tons in 2022, with an increase of 38% on the previous year's figure. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 122%. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) surged to $42K in 2022. Over the period under review, imports showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 134%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | N/A | N/A | N/A | 17.4 | 0% |
| Singapore | N/A | N/A | N/A | 13.9 | 0% |
| Thailand | N/A | 0.2 | 8.3 | 3.2 | 300.0% |
| Taiwan (Chinese) | 1.6 | 0.5 | 0.8 | 2.9 | 21.9% |
| France | N/A | N/A | N/A | 2.5 | 0% |
| United Kingdom | N/A | N/A | N/A | 2.2 | 0% |
| South Korea | 13.7 | 2.6 | N/A | N/A | -81.0% |
| Myanmar | N/A | 35.6 | 20.2 | N/A | -43.3% |
| Others | 1.3 | 0.1 | 1.8 | N/A | 17.7% |
| Total | 16.7 | 39.0 | 31.1 | 42.1 | 36.1% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to Vietnam in 2022:
- Australia (8.1 tons)
- Singapore (6.5 tons)
- Thailand (1.5 tons)
- Taiwan (Chinese) (1.4 tons)
- France (1.1 tons)
- United Kingdom (1.0 tons)
Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Vietnam
In 2022, the amount of refined cane or beet sugar (with added flavoring or coloring matter) exported from Vietnam skyrocketed to 647 tons, rising by 105% compared with the previous year. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 969%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in years to come.
In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) skyrocketed to $480K in 2022. Overall, exports recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of 495%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 27.3 | 10.5 | 184 | 466 | 157.5% |
| Japan | 21.8 | N/A | N/A | N/A | 0% |
| Others | 66.8 | 25.7 | 31.6 | 13.3 | -41.6% |
| Total | 116 | 36.2 | 215 | 480 | 60.5% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from Vietnam in 2022:
- Singapore (640.0 tons)
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