Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Sri Lanka - 2022
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Sri Lanka (CIF) - 2022
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Sri Lanka (FOB) - 2022
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Sri Lanka
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Sri Lanka
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Sri Lanka (CIF) - 2022
The average import price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $570 per ton in 2022, shrinking by -24% against the previous year. Overall, the import price saw a mild reduction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 39% against the previous year. Over the period under review, average import prices attained the peak figure at $1,685 per ton in 2018; however, from 2019 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 Thailand amounted to -1.4% per year.
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Sri Lanka (FOB) - 2022
The average export price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $4,871 per ton in 2022, increasing by 10% against the previous year. In general, the export price recorded temperate growth. The growth pace was the most rapid in 2017 an increase of 121%. As a result, the export price attained the peak level of $8,739 per ton. From 2018 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($13,667 per ton), while the average price for exports to Mongolia ($780 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+116.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Sri Lanka
In 2022, imports of refined cane or beet sugar (with added flavoring or coloring matter) into Sri Lanka skyrocketed to 11K tons, jumping by 161% compared with the previous year's figure. Overall, imports enjoyed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 4,879% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) surged to $6.2M in 2022. Over the period under review, imports enjoyed a resilient increase. The growth pace was the most rapid in 2021 with an increase of 4,927% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.
| Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2.9 | N/A | 2.4 | 6.2 | 28.8% |
| Thailand | 0.9 | 0.1 | 0.7 | N/A | -11.8% |
| Others | 0.1 | N/A | 0.1 | N/A | 0.0% |
| Total | 3.8 | 0.1 | 3.1 | 6.2 | 17.7% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to Sri Lanka in 2022:
- India (10.9K tons)
Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Sri Lanka
In 2022, approx. 12 tons of refined cane or beet sugar (with added flavoring or coloring matter) were exported from Sri Lanka; dropping by -18.4% against the previous year's figure. Overall, exports recorded a abrupt downturn. The growth pace was the most rapid in 2021 when exports increased by 28%.
In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) shrank to $59K in 2022. Over the period under review, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 when exports increased by 38% against the previous year.
| Export of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 25.7 | 7.4 | 15.9 | 55.9 | 29.6% |
| Canada | 16.4 | 3.2 | 1.3 | 0.6 | -66.8% |
| Mongolia | N/A | N/A | N/A | 0.4 | 0% |
| Japan | 17.6 | 23.1 | 32.1 | N/A | 35.1% |
| Germany | 4.6 | 5.2 | 5.9 | N/A | 13.3% |
| Kuwait | 2.2 | N/A | N/A | N/A | 0% |
| Australia | 2.9 | 0.9 | 0.3 | N/A | -67.8% |
| Others | 9.1 | 7.4 | 9.6 | 1.7 | -42.8% |
| Total | 78.5 | 47.1 | 65.1 | 58.6 | -9.3% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from Sri Lanka in 2022:
- Maldives (11.2 tons)
- Mongolia (0.5 tons)
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