Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Australia - 2023
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Australia (FOB) - 2023
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Australia (CIF) - 2022
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Australia
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Australia
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Australia (FOB) - 2023
In December 2023, the average export price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $10,596 per ton, picking up by 214% against the previous month. Over the period under review, the export price, however, continues to indicate a pronounced shrinkage. The export price peaked at $24,602 per ton in June 2023; however, from July 2023 to December 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was New Zealand ($16,376 per ton), while the average price for exports to Papua New Guinea ($6,808 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+2.2%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Australia (CIF) - 2022
The average import price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $2,329 per ton in 2022, which is down by -31.6% against the previous year. Overall, the import price, however, posted a resilient increase. The pace of growth was the most pronounced in 2018 an increase of 242%. The import price peaked at $4,115 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($14,117 per ton), while the price for South Korea ($1,373 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+39.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Australia
In 2022, exports of refined cane or beet sugar (with added flavoring or coloring matter) from Australia surged to 1.7K tons, with an increase of 31% against the year before. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 83% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) surged to $3.4M in 2022. In general, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 1,337 | 1,893 | 2,269 | 2,579 | 24.5% |
| Fiji | N/A | 5.5 | 71.3 | 327 | 671.1% |
| Singapore | 98.0 | 58.9 | 3.2 | 71.6 | -9.9% |
| Others | 294 | 169 | 119 | 397 | 10.5% |
| Total | 1,729 | 2,126 | 2,462 | 3,375 | 25.0% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from Australia in 2022:
- New Zealand (1495.7 tons)
- Singapore (46.8 tons)
- Fiji (44.6 tons)
Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Australia
In 2022, overseas purchases of refined cane or beet sugar (with added flavoring or coloring matter) were finally on the rise to reach 435 tons after two years of decline. Over the period under review, imports posted a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) skyrocketed to $1M in 2022. Overall, imports, however, faced a abrupt decline.
| Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 138 | 72.2 | 46.9 | 259 | 23.4% |
| New Zealand | 9.3 | 10.6 | 2.5 | 184 | 170.5% |
| China | 160 | 187 | 146 | 174 | 2.8% |
| Taiwan (Chinese) | 93.3 | 65.0 | 78.7 | 140 | 14.5% |
| United States | 1,047 | 621 | 207 | 123 | -51.0% |
| Thailand | 1.0 | 0.9 | 1.2 | 13.8 | 139.9% |
| South Korea | 7.1 | 7.6 | 6.8 | 9.9 | 11.7% |
| Others | 92.0 | 187 | 175 | 111 | 6.5% |
| Total | 1,548 | 1,151 | 664 | 1,014 | -13.2% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to Australia in 2022:
- India (174.4 tons)
- China (99.7 tons)
- New Zealand (54.7 tons)
- Taiwan (Chinese) (50.5 tons)
- United States (12.9 tons)
- Thailand (9.0 tons)
- South Korea (7.2 tons)
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