Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Indonesia - 2022
Contents:
- Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Indonesia (CIF) - 2022
- Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Indonesia (FOB) - 2022
- Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Indonesia
- Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Indonesia
Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Indonesia (CIF) - 2022
In March 2022, the average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $582 per ton, picking up by 2.9% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2021 when the average import price increased by 12% against the previous month. The import price peaked in March 2022.
Average prices varied noticeably amongst the major supplying countries. In March 2022, the country with the highest price was Thailand ($584 per ton), while the price for India totaled $582 per ton.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by India (+1.1%).
Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Indonesia (FOB) - 2022
The average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $614 per ton in March 2022, falling by -1.8% against the previous month. Over the period from March 2021 to March 2022, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in October 2021 an increase of 5.8% against the previous month. The export price peaked at $637 per ton in January 2022; however, from February 2022 to March 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In March 2022, the country with the highest price was Vietnam ($601 per ton), while the average price for exports to Papua New Guinea totaled $600 per ton.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (+3.0%).
Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Indonesia
In 2022, the amount of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose imported into Indonesia surged to 679K tons, with an increase of 125% compared with 2021 figures. Over the period under review, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose soared to $415M in 2022. In general, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 0.2 | 94.5 | 107 | 293 | 1035.7% |
| Thailand | 42.6 | 23.5 | 40.2 | 110 | 37.2% |
| South Korea | 4.8 | 3.1 | 3.4 | 10.2 | 28.6% |
| Others | 0.7 | 1.2 | 1.6 | 1.7 | 34.4% |
| Total | 48.3 | 122 | 152 | 415 | 104.8% |
Top Suppliers of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose to Indonesia in 2022:
- India (488.1K tons)
- Thailand (177.3K tons)
- South Korea (12.4K tons)
Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Indonesia
For the fourth year in a row, Indonesia recorded growth in shipments abroad of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose, which increased by 125% to 807K tons in 2022. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2020 when exports increased by 1,369%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose surged to $557M in 2022. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 781%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.9 | 3.5 | 5.1 | 214 | 519.5% |
| Philippines | N/A | 3.9 | 3.8 | 159 | 538.5% |
| Germany | 0.2 | 0.9 | 1.4 | 58.3 | 563.0% |
| Papua New Guinea | 0.5 | 1.3 | 0.1 | 25.6 | 271.3% |
| Singapore | 0.3 | 0.7 | 0.5 | 18.7 | 296.5% |
| Malaysia | 0.4 | N/A | 0.2 | 7.9 | 170.3% |
| Vietnam | N/A | 7.1 | 193 | N/A | 2618.3% |
| Others | 0.5 | 6.1 | 2.1 | 72.6 | 425.6% |
| Total | 2.7 | 23.4 | 206 | 557 | 490.9% |
Top Export Markets for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose from Indonesia in 2022:
- Philippines (488.5K tons)
- United States (119.3K tons)
- Papua New Guinea (63.4K tons)
- Singapore (34.4K tons)
- Germany (30.8K tons)
- Malaysia (20.1K tons)
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