Price for Sugars; Fructose, Chemically Pure, in Solid Form in the United States - 2024
Contents:
- Price for Sugars; Fructose, Chemically Pure, in Solid Form in the United States (FOB) - 2024
- Price for Sugars; Fructose, Chemically Pure, in Solid Form in the United States (CIF) - 2024
- Exports of Sugars; Fructose, Chemically Pure, in Solid Form in the United States
- Imports of Sugars; Fructose, Chemically Pure, in Solid Form in the United States
Price for Sugars; Fructose, Chemically Pure, in Solid Form in the United States (FOB) - 2024
In September 2023, the average export price for sugars; fructose, chemically pure, in solid form amounted to $1,194 per ton, rising by 1.7% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when the average export price increased by 6.1% m-o-m. As a result, the export price reached the peak level of $1,282 per ton. From May 2023 to September 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($1,677 per ton), while the average price for exports to China ($858 per ton) was amongst the lowest.
From March 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+0.8%), while the prices for the other major destinations experienced a decline.
Price for Sugars; Fructose, Chemically Pure, in Solid Form in the United States (CIF) - 2024
The average import price for sugars; fructose, chemically pure, in solid form stood at $1,822 per ton in September 2023, with an increase of 8.6% against the previous month. Over the period from March 2023 to September 2023, it increased at an average monthly rate of +3.0%. The pace of growth appeared the most rapid in April 2023 an increase of 15% against the previous month. The import price peaked at $1,829 per ton in May 2023; afterwards, it flattened through to September 2023.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the country with the highest price was Israel ($1,979 per ton), while the price for Turkey ($1,421 per ton) was amongst the lowest.
From March 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Finland (+63.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Sugars; Fructose, Chemically Pure, in Solid Form in the United States
For the third year in a row, the United States recorded decline in overseas shipments of sugars; fructose, chemically pure, in solid form, which decreased by -1.3% to 107K tons in 2022. Overall, exports recorded a drastic downturn.
In value terms, exports of sugars; fructose, chemically pure, in solid form rose rapidly to $108M in 2022. The total export value increased at an average annual rate of +2.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 10% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Export of Sugars; Fructose, Chemically Pure, in Solid Form in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 70.1 | 57.8 | 69.7 | 79.7 | 4.4% |
| Japan | 12.0 | 10.2 | 9.8 | 13.1 | 3.0% |
| Canada | 2.8 | 3.6 | 3.8 | 4.0 | 12.6% |
| Indonesia | 2.9 | 2.8 | 4.1 | 2.4 | -6.1% |
| Others | 12.0 | 14.2 | 10.4 | 8.4 | -11.2% |
| Total | 99.8 | 88.6 | 97.7 | 108 | 2.7% |
Top Export Markets for Sugars; Fructose, Chemically Pure, in Solid Form from the United States in 2022:
- Mexico (81.7K tons)
- Japan (12.6K tons)
- Canada (2.7K tons)
- Indonesia (2.6K tons)
Imports of Sugars; Fructose, Chemically Pure, in Solid Form in the United States
In 2022, approx. 13K tons of sugars; fructose, chemically pure, in solid form were imported into the United States; jumping by 18% against 2021 figures. In general, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +27.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +105.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 46%. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, imports of sugars; fructose, chemically pure, in solid form soared to $14M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +24.9% 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 +94.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 32% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Sugars; Fructose, Chemically Pure, in Solid Form in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 4.0 | 5.5 | 8.9 | 9.8 | 34.8% |
| Israel | 2.1 | 2.6 | 1.3 | 3.0 | 12.6% |
| Finland | 0.5 | 0.6 | 0.4 | 0.4 | -7.2% |
| Taiwan (Chinese) | 0.4 | 0.4 | 0.2 | 0.2 | -20.6% |
| Others | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| Total | 6.9 | 9.1 | 10.9 | 13.5 | 25.1% |
Top Suppliers of Sugars; Fructose, Chemically Pure, in Solid Form to the United States in 2022:
- Turkey (10.4K tons)
- Israel (1.9K tons)
- Finland (0.2K tons)
- Taiwan (Chinese) (0.1K tons)
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