Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in the United States - 2023
Contents:
- Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in the United States (CIF) - 2023
- Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in the United States (FOB) - 2023
- Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in the United States
- Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in the United States
Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in the United States (CIF) - 2023
In December 2023, the average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $785 per ton, declining by -6.2% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when the average import price increased by 18% month-to-month. As a result, import price reached the peak level of $860 per ton. From May 2023 to December 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Mexico ($1,077 per ton), while the price for Guatemala ($530 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Colombia (+1.5%), 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 the United States (FOB) - 2023
In December 2023, the average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $1,228 per ton, shrinking by -3.5% against the previous month. Overall, the export price recorded a deep slump. The most prominent rate of growth was recorded in April 2023 an increase of 26% month-to-month. Over the period under review, the average export prices hit record highs at $2,748 per ton in January 2023; however, from February 2023 to December 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In December 2023, the country with the highest price was Canada ($1,576 per ton), while the average price for exports to Mexico stood at $1,143 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+0.2%).
Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in the United States
Imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose into the United States amounted to 769K tons in 2022, increasing by 7.4% on the previous year's figure. Over the period under review, imports saw a remarkable increase. The pace of growth was the most pronounced in 2020 when imports increased by 95%. As a result, imports reached the peak of 1.2M tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose skyrocketed to $558M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +7.5% 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 decreased by -26.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 68% against the previous year. As a result, imports reached the peak of $754M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 156 | 304 | 170 | 197 | 8.1% |
| Brazil | 84.6 | 141 | 74.8 | 76.5 | -3.3% |
| Colombia | 62.3 | 63.9 | 65.0 | 67.3 | 2.6% |
| Guatemala | 50.0 | 56.0 | 45.3 | 51.5 | 1.0% |
| Paraguay | 20.9 | 26.9 | 26.3 | 43.3 | 27.5% |
| El Salvador | 18.2 | 22.1 | 21.6 | 38.7 | 28.6% |
| Argentina | 12.7 | 26.0 | 9.9 | 16.8 | 9.8% |
| Canada | 8.2 | 14.9 | 15.5 | 15.5 | 23.6% |
| Nicaragua | 9.8 | 18.6 | 11.5 | 9.7 | -0.3% |
| Others | 27.5 | 80.5 | 43.9 | 41.5 | 14.7% |
| Total | 450 | 754 | 484 | 558 | 7.4% |
Top Suppliers of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose to the United States in 2022:
- Mexico (242.0K tons)
- Brazil (122.3K tons)
- Colombia (97.3K tons)
- Guatemala (73.4K tons)
- Paraguay (66.8K tons)
- El Salvador (52.1K tons)
- Argentina (38.3K tons)
- Canada (21.2K tons)
- Nicaragua (14.3K tons)
Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in the United States
In 2022, overseas shipments of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose decreased by -17% to 28K tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a pronounced slump. The pace of growth was the most pronounced in 2020 with an increase of 96% against the previous year. As a result, the exports reached the peak of 63K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose reduced to $62M 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 +17.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -9.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 77%. As a result, the exports reached the peak of $68M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 6.7 | 4.7 | 4.2 | 17.9 | 38.8% |
| Mexico | 12.8 | 38.4 | 13.6 | 4.8 | -27.9% |
| Germany | 2.1 | 2.7 | 3.0 | 3.5 | 18.6% |
| Italy | 0.3 | 0.8 | 1.3 | 2.4 | 100.0% |
| Brazil | 1.4 | 1.3 | 2.5 | 2.3 | 18.0% |
| United Kingdom | 0.5 | 0.7 | 0.5 | 1.3 | 37.5% |
| Bahamas | 0.9 | 1.1 | 1.0 | 0.9 | 0.0% |
| India | 0.4 | 1.1 | 0.8 | 0.8 | 26.0% |
| Philippines | 0.1 | N/A | 0.2 | 0.3 | 44.2% |
| Others | 13.5 | 17.6 | 35.0 | 27.8 | 27.2% |
| Total | 38.7 | 68.3 | 62.1 | 62.0 | 17.0% |
Top Export Markets for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose from the United States in 2022:
- Canada (10.2K tons)
- Mexico (4.0K tons)
- Germany (2.6K tons)
- Brazil (1.7K tons)
- Bahamas (0.8K tons)
- United Kingdom (0.7K tons)
- Italy (0.5K tons)
- India (0.5K tons)
- Philippines (0.4K tons)
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