Price for Sugars; Fructose, Chemically Pure, in Solid Form in the Philippines - 2024
Contents:
- Price for Sugars; Fructose, Chemically Pure, in Solid Form in the Philippines (CIF) - 2024
- Imports of Sugars; Fructose, Chemically Pure, in Solid Form in the Philippines
Price for Sugars; Fructose, Chemically Pure, in Solid Form in the Philippines (CIF) - 2024
The average import price for sugars; fructose, chemically pure, in solid form stood at $1,923 per ton in July 2023, with a decrease of -3.3% against the previous month. Overall, the import price, however, posted a perceptible expansion. The growth pace was the most rapid in May 2023 an increase of 156% m-o-m. Over the period under review, average import prices reached the maximum at $1,989 per ton in June 2023, and then declined slightly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Finland ($2,043 per ton), while the price for China totaled $649 per ton.
From January 2023 to July 2023, the most notable rate of growth in terms of prices was attained by Israel (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Sugars; Fructose, Chemically Pure, in Solid Form in the Philippines
Imports of sugars; fructose, chemically pure, in solid form into the Philippines amounted to 1.6K tons in 2022, surging by 9.3% on the year before. The total import volume increased at an average annual rate of +3.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of sugars; fructose, chemically pure, in solid form soared to $1.9M in 2022. The total import value increased at an average annual rate of +7.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Sugars; Fructose, Chemically Pure, in Solid Form in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | 395 | 335 | 712 | 761 | 24.4% |
| United States | 594 | 432 | 343 | 648 | 2.9% |
| Finland | 267 | 501 | 297 | 203 | -8.7% |
| China | 173 | 196 | 180 | 200 | 5.0% |
| Taiwan (Chinese) | 73.9 | 81.7 | 73.0 | 56.7 | -8.5% |
| Others | 34.2 | 37.1 | 31.9 | 39.0 | 4.5% |
| Total | 1,536 | 1,583 | 1,637 | 1,908 | 7.5% |
Top Suppliers of Sugars; Fructose, Chemically Pure, in Solid Form to the Philippines in 2022:
- United States (590.7 tons)
- Israel (525.5 tons)
- China (270.3 tons)
- Finland (121.4 tons)
- Taiwan (Chinese) (59.8 tons)
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