Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Thailand - 2024
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Thailand (FOB) - 2024
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Thailand (CIF) - 2022
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Thailand
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Thailand
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Thailand (FOB) - 2024
The average export price for raw cane sugar (without flavoring or coloring matter) stood at $1,070 per ton in January 2024, with an increase of 16% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.6%. The growth pace was the most rapid in May 2023 an increase of 19% m-o-m. The export price peaked in January 2024.
Prices varied noticeably by the country of destination: the country with the highest price was Saudi Arabia ($1,419 per ton), while the average price for exports to South Korea ($838 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Thailand (CIF) - 2022
The average import price for raw cane sugar (without flavoring or coloring matter) stood at $1,773 per ton in 2022, growing by 21% against the previous year. In general, the import price posted significant growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by 1,201% against the previous year. Over the period under review, average import prices hit record highs at $7,580 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 Japan ($8,321 per ton), while the price for Taiwan (Chinese) stood at $1,627 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+11.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Thailand
In 2022, exports of raw cane sugar (without flavoring or coloring matter) from Thailand surged to 16K tons, jumping by 165% against the year before. Over the period under review, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of raw cane sugar (without flavoring or coloring matter) surged to $10M in 2022. Overall, exports saw strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lao People's Democratic Republic | N/A | N/A | N/A | 4.8 | 0% |
| Japan | 3.6 | 2.8 | 2.5 | 2.2 | -15.1% |
| Malaysia | 1.8 | 1.7 | 1.6 | 1.9 | 1.8% |
| Taiwan (Chinese) | 0.1 | 0.2 | 0.1 | 0.5 | 71.0% |
| South Korea | 0.5 | 0.6 | 0.5 | 0.4 | -7.2% |
| Saudi Arabia | 0.4 | 0.3 | 0.3 | 0.3 | -9.1% |
| Samoa | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| Total | 6.4 | 5.6 | 5.2 | 10.4 | 17.6% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter) from Thailand in 2022:
- Lao People's Democratic Republic (8.8K tons)
- Japan (2.4K tons)
- Malaysia (2.3K tons)
- Taiwan (Chinese) (0.8K tons)
- South Korea (0.6K tons)
- Samoa (0.3K tons)
- Saudi Arabia (0.2K tons)
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Thailand
In 2022, purchases abroad of raw cane sugar (without flavoring or coloring matter) decreased by -93.1% to 17 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 2,293% against the previous year.
In value terms, imports of raw cane sugar (without flavoring or coloring matter) shrank rapidly to $31K in 2022. In general, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 430% against the previous year.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 9.3 | 73.8 | 253 | 27.8 | 44.1% |
| Japan | N/A | 6.6 | 1.3 | 3.2 | -30.4% |
| Others | 5.8 | N/A | 119 | N/A | 353.0% |
| Total | 15.2 | 80.4 | 373 | 30.9 | 26.7% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter) to Thailand in 2022:
- Taiwan (Chinese) (17.1 tons)
- Japan (0.4 tons)
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