Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Singapore - 2022
Contents:
- Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Singapore (CIF) - 2022
- Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Singapore (FOB) - 2022
- Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Singapore
- Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Singapore
Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Singapore (CIF) - 2022
The average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $860 per ton in September 2022, surging by 4.1% against the previous month. Overall, import price indicated a notable increase from September 2021 to September 2022: its price increased at an average monthly rate of +4.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose decreased by -0.6% against July 2022 indices. The most prominent rate of growth was recorded in January 2022 an increase of 32% against the previous month. The import price peaked at $865 per ton in July 2022; however, from August 2022 to September 2022, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Australia ($4,384 per ton), while the price for India ($796 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by Australia (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Singapore (FOB) - 2022
The average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $966 per ton in September 2022, leveling off at the previous month. Over the period under review, export price indicated a moderate expansion from September 2021 to September 2022: its price increased at an average monthly rate of +4.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose decreased by -11.1% against July 2022 indices. The pace of growth appeared the most rapid in July 2022 when the average export price increased by 34% against the previous month. As a result, the export price attained the peak level of $1,087 per ton. From August 2022 to September 2022, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In September 2022, the country with the highest price was Saudi Arabia ($1,578 per ton), while the average price for exports to Indonesia ($784 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Singapore
In 2022, approx. 264K tons of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose were imported into Singapore; dropping by -11.5% on 2021 figures. Over the period under review, imports continue to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 19%. As a result, imports reached the peak of 298K tons, and then dropped in the following year.
In value terms, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $154M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +8.8% 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 +42.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 42%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 58.6 | 44.4 | 50.5 | 63.5 | 2.7% |
| Australia | 44.9 | 22.0 | 56.0 | 42.6 | -1.7% |
| India | 3.6 | 15.6 | 21.5 | 24.3 | 89.0% |
| Malaysia | 6.2 | 9.0 | 8.9 | 15.7 | 36.3% |
| South Korea | 1.0 | 7.1 | 4.1 | 1.2 | 6.3% |
| Others | 5.3 | 9.9 | 11.9 | 6.9 | 9.2% |
| Total | 120 | 108 | 153 | 154 | 8.7% |
Top Suppliers of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose to Singapore in 2022:
- Thailand (106.2K tons)
- Australia (75.4K tons)
- India (48.9K tons)
- Malaysia (25.7K tons)
- South Korea (1.8K tons)
Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Singapore
For the fourth consecutive year, Singapore recorded growth in overseas shipments of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose, which increased by 12% to 60K tons in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +21.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 53%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in the near future.
In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose skyrocketed to $39M in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +19.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.3% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 30%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 10.0 | 18.2 | 20.7 | 18.7 | 23.2% |
| United Arab Emirates | 1.3 | 0.1 | 0.2 | 9.2 | 92.0% |
| Malaysia | 0.7 | 2.1 | 2.1 | 2.5 | 52.9% |
| Qatar | 1.9 | 1.8 | 1.7 | 1.6 | -5.6% |
| Saudi Arabia | 1.8 | 1.4 | 1.3 | 1.5 | -5.9% |
| Hong Kong SAR | 1.8 | 1.6 | 1.3 | 0.9 | -20.6% |
| Kuwait | 1.1 | 1.0 | 0.9 | 0.8 | -10.1% |
| Others | 4.3 | 3.5 | 4.2 | 3.3 | -8.4% |
| Total | 22.9 | 29.7 | 32.5 | 38.5 | 18.9% |
Top Export Markets for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose from Singapore in 2022:
- Indonesia (36.5K tons)
- United Arab Emirates (10.6K tons)
- Malaysia (4.0K tons)
- Qatar (1.7K tons)
- Saudi Arabia (1.5K tons)
- Hong Kong SAR (1.1K tons)
- Kuwait (1.0K tons)
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