Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Indonesia - 2022
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Indonesia (CIF) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Indonesia (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Indonesia
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Indonesia
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Indonesia (CIF) - 2022
The average import price for raw cane sugar (without flavoring or coloring matter, other) stood at $484 per ton in March 2022, flattening at the previous month. Over the period from March 2021 to March 2022, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in November 2021 an increase of 7.4% month-to-month. As a result, import price reached the peak level of $501 per ton. From December 2021 to March 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In March 2022, the country with the highest price was Thailand ($486 per ton), while the price for Brazil ($480 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Brazil (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Indonesia (FOB) - 2022
In 2022, the average export price for raw cane sugar (without flavoring or coloring matter, other) amounted to $1,002 per ton, waning by -45.5% against the previous year. Overall, the export price showed a pronounced setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by 94%. The export price peaked at $2,257 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($1,456 per ton), while the average price for exports to Japan ($163 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 the United States (+8.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Indonesia
Imports of raw cane sugar (without flavoring or coloring matter, other) into Indonesia rose to 5.4M tons in 2022, picking up by 4.7% against 2021. The total import volume increased at an average annual rate of +13.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 41%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) skyrocketed to $2.8B in 2022. Over the period under review, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 38%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 1,128 | 686 | 442 | 1,565 | 11.5% |
| Australia | 190 | 429 | 583 | 1,231 | 86.4% |
| India | N/A | 135 | 750 | N/A | 455.6% |
| Brazil | N/A | 523 | 455 | N/A | -13.0% |
| Others | N/A | 40.2 | N/A | N/A | 0% |
| Total | 1,318 | 1,814 | 2,230 | 2,795 | 28.5% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to Indonesia in 2022:
- Thailand (3.3M tons)
- Australia (2.1M tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Indonesia
In 2022, the amount of raw cane sugar (without flavoring or coloring matter, other) exported from Indonesia declined markedly to 35 tons, reducing by -85.8% compared with the year before. Over the period under review, exports recorded a significant curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 312% against the previous year. As a result, the exports reached the peak of 243 tons, and then dropped significantly in the following year.
In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) reduced sharply to $35K in 2022. In general, exports continue to indicate a dramatic downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 236% against the previous year. As a result, the exports reached the peak of $447K, and then contracted markedly in the following year.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 72.6 | 119 | 115 | 13.7 | -42.6% |
| United States | 11.3 | N/A | 67.4 | 8.1 | -10.5% |
| Taiwan (Chinese) | 6.4 | 8.3 | 46.2 | 5.5 | -4.9% |
| Singapore | N/A | 0.2 | 38.7 | 4.6 | 379.6% |
| Canada | 3.2 | 2.5 | 12.9 | 1.5 | -22.3% |
| Japan | 16.4 | N/A | 7.1 | 0.9 | -62.0% |
| Germany | N/A | N/A | 36.1 | N/A | 0% |
| Poland | N/A | N/A | 32.5 | N/A | 0% |
| Netherlands | N/A | N/A | 53.3 | N/A | 0% |
| Saudi Arabia | N/A | N/A | 22.3 | N/A | 0% |
| Others | 3.0 | 3.3 | 16.2 | 0.3 | -53.6% |
| Total | 113 | 133 | 447 | 34.7 | -32.5% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from Indonesia in 2022:
- Hong Kong SAR (10.1 tons)
- Taiwan (Chinese) (6.1 tons)
- Singapore (5.9 tons)
- Japan (5.7 tons)
- United States (5.6 tons)
- Canada (1.1 tons)
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