Price for Sugars; Fructose, Chemically Pure, in Solid Form in Singapore - 2023
Contents:
- Price for Sugars; Fructose, Chemically Pure, in Solid Form in Singapore (CIF) - 2022
- Price for Sugars; Fructose, Chemically Pure, in Solid Form in Singapore (FOB) - 2022
- Imports of Sugars; Fructose, Chemically Pure, in Solid Form in Singapore
- Exports of Sugars; Fructose, Chemically Pure, in Solid Form in Singapore
Price for Sugars; Fructose, Chemically Pure, in Solid Form in Singapore (CIF) - 2022
In 2022, the average import price for sugars; fructose, chemically pure, in solid form amounted to $1,429 per ton, rising by 30% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($3,793 per ton), while the price for Taiwan (Chinese) ($1,008 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Sugars; Fructose, Chemically Pure, in Solid Form in Singapore (FOB) - 2022
The average export price for sugars; fructose, chemically pure, in solid form stood at $1,360 per ton in 2022, waning by -6.1% against the previous year. In general, the export price recorded a noticeable setback. The growth pace was the most rapid in 2019 an increase of 24%. Over the period under review, the average export prices reached the maximum at $1,788 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
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 ($2,060 per ton), while the average price for exports to Thailand ($999 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 India (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Sugars; Fructose, Chemically Pure, in Solid Form in Singapore
Imports of sugars; fructose, chemically pure, in solid form into Singapore dropped modestly to 1.7K tons in 2022, waning by -4.2% on 2021 figures. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 28%. As a result, imports attained the peak of 1.7K tons, and then contracted in the following year.
In value terms, imports of sugars; fructose, chemically pure, in solid form skyrocketed to $2.4M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +7.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 31% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.
Import of Sugars; Fructose, Chemically Pure, in Solid Form in Singapore (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 407 | 499 | 978 | 1,278 | 46.4% |
Israel | 282 | 133 | 324 | 429 | 15.0% |
United States | 1,068 | 738 | 501 | 359 | -30.5% |
Malaysia | 13.2 | 5.9 | 36.2 | 218 | 154.7% |
Finland | 84.8 | 64.6 | 63.1 | 68.7 | -6.8% |
Others | 44.8 | 25.5 | 11.5 | 24.4 | -18.3% |
Total | 1,900 | 1,466 | 1,915 | 2,377 | 7.8% |
Top Suppliers of Sugars; Fructose, Chemically Pure, in Solid Form to Singapore in 2022:
- Turkey (952.8 tons)
- United States (308.6 tons)
- Israel (255.8 tons)
- Finland (64.4 tons)
- Malaysia (57.5 tons)
Exports of Sugars; Fructose, Chemically Pure, in Solid Form in Singapore
In 2022, shipments abroad of sugars; fructose, chemically pure, in solid form decreased by -0.5% to 138 tons, falling for the second consecutive year after two years of growth. In general, exports showed a abrupt slump. The pace of growth appeared the most rapid in 2020 with an increase of 7.8%. As a result, the exports reached the peak of 175 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of sugars; fructose, chemically pure, in solid form reduced to $187K in 2022. Over the period under review, exports saw a pronounced reduction. The most prominent rate of growth was recorded in 2020 with an increase of 1%. As a result, the exports reached the peak of $218K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
Export of Sugars; Fructose, Chemically Pure, in Solid Form in Singapore (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 83.3 | 131 | 109 | 77.9 | -2.2% |
Philippines | 41.3 | 35.6 | 80.4 | 75.3 | 22.2% |
Thailand | 32.4 | 11.8 | 2.0 | 14.2 | -24.0% |
China | N/A | N/A | N/A | 8.4 | 0% |
Vietnam | 17.9 | 1.5 | 3.3 | 0.7 | -66.1% |
Spain | 24.1 | N/A | N/A | N/A | 0% |
Japan | N/A | 10.2 | N/A | N/A | 0% |
United Arab Emirates | 13.6 | 13.5 | N/A | N/A | -0.7% |
Others | 3.7 | 15.0 | 5.6 | 10.7 | 42.5% |
Total | 216 | 218 | 200 | 187 | -4.7% |
Top Export Markets for Sugars; Fructose, Chemically Pure, in Solid Form from Singapore in 2022:
- Malaysia (73.4 tons)
- Philippines (37.9 tons)
- Thailand (14.2 tons)
- China (7.9 tons)
- Vietnam (0.5 tons)
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