Price for Sugars; Fructose, Chemically Pure, in Solid Form in Australia - 2024

Contents:

1. Price for Sugars; Fructose, Chemically Pure, in Solid Form in Australia (CIF) - 2024
2. Price for Sugars; Fructose, Chemically Pure, in Solid Form in Australia (FOB) - 2022
3. Imports of Sugars; Fructose, Chemically Pure, in Solid Form in Australia
4. Exports of Sugars; Fructose, Chemically Pure, in Solid Form in Australia

Price for Sugars; Fructose, Chemically Pure, in Solid Form in Australia (CIF) - 2024

In September 2023, the average import price for sugars; fructose, chemically pure, in solid form amounted to $1,090 per ton, increasing by 1.6% against the previous month. Over the period under review, the import price, however, saw a perceptible curtailment. The growth pace was the most rapid in June 2023 an increase of 8.8% against the previous month. The import price peaked at $1,479 per ton in January 2023; however, from February 2023 to September 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was China ($1,352 per ton), while the price for the United States ($793 per ton) was amongst the lowest.

From January 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Turkey (+0.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Sugars; Fructose, Chemically Pure, in Solid Form in Australia (FOB) - 2022

In 2022, the average export price for sugars; fructose, chemically pure, in solid form amounted to $2,162 per ton, rising by 53% against the previous year. Over the period under review, the export price showed a slight expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by 512%. The export price peaked at $22,108 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for New Zealand.

From 2012 to 2022, the rate of growth in terms of prices for New Zealand amounted to +1.8% per year.

Imports of Sugars; Fructose, Chemically Pure, in Solid Form in Australia

After three years of growth, purchases abroad of sugars; fructose, chemically pure, in solid form decreased by -1.7% to 2.1K tons in 2022. The total import volume increased at an average annual rate of +9.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. As a result, imports reached the peak of 2.2K tons, and then dropped slightly in the following year.

In value terms, imports of sugars; fructose, chemically pure, in solid form surged to $2.5M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +16.1% 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 +56.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Sugars; Fructose, Chemically Pure, in Solid Form to Australia in 2022:

1. Turkey (993.3 tons)
2. United States (875.0 tons)
3. Taiwan (Chinese) (107.2 tons)
4. China (103.3 tons)
5. Netherlands (40.0 tons)

Exports of Sugars; Fructose, Chemically Pure, in Solid Form in Australia

Exports of sugars; fructose, chemically pure, in solid form from Australia plummeted to 2.1 tons in 2022, with a decrease of -50.3% on the previous year. In general, exports continue to indicate a dramatic curtailment. The growth pace was the most rapid in 2021 when exports increased by 3.7% against the previous year.

In value terms, exports of sugars; fructose, chemically pure, in solid form dropped markedly to $4.5K in 2022. Over the period under review, exports continue to indicate a sharp decline. The most prominent rate of growth was recorded in 2021 with an increase of 98% against the previous year. As a result, the exports reached the peak of $15K, and then reduced remarkably in the following year.

Top Export Markets for Sugars; Fructose, Chemically Pure, in Solid Form from Australia in 2022:

1. New Zealand (2.1 tons)

Source: IndexBox Market Intelligence Platform