Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Nepal - 2022

Contents:

1. Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Nepal (CIF) - 2022
2. Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Nepal (FOB) - 2022
3. Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Nepal
4. Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Nepal

Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Nepal (CIF) - 2022

The average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $559 per ton in 2022, surging by 27% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $698 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +0.9% per year.

Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Nepal (FOB) - 2022

The average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $589 per ton in 2022, declining by -6.3% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 66%. The export price peaked at $1,396 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($664 per ton), while the average price for exports to Canada totaled $146 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+17.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Nepal

In 2022, after three years of growth, there was significant decline in overseas purchases of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose, when their volume decreased by -95.3% to 809 tons. In general, imports faced a sharp slump. The most prominent rate of growth was recorded in 2021 when imports increased by 112% against the previous year. As a result, imports attained the peak of 17K tons, and then fell dramatically in the following year.

In value terms, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose dropped sharply to $452K in 2022. Over the period under review, imports recorded a sharp curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 109% against the previous year. As a result, imports reached the peak of $7.6M, and then fell remarkably in the following year.

Top Suppliers of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose to Nepal in 2022:

1. India (808.4 tons)

Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Nepal

Exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose from Nepal reduced notably to 1.2 tons in 2022, waning by -45.1% compared with 2021 figures. Over the period under review, exports saw a perceptible slump. The most prominent rate of growth was recorded in 2021 when exports increased by 3,416%. As a result, the exports reached the peak of 2.2 tons, and then contracted dramatically in the following year.

In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose plummeted to $728 in 2022. Overall, exports showed a dramatic slump. The pace of growth was the most pronounced in 2021 when exports increased by 3,351%.

Top Export Markets for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose from Nepal in 2022:

1. Australia (1058.0 kg)
2. Canada (178.0 kg)

Source: IndexBox Market Intelligence Platform