Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Japan - 2023
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Japan (CIF) - 2023
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Japan (FOB) - 2022
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Japan
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Japan
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Japan (CIF) - 2023
The average import price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $3,512 per ton in November 2023, growing by 15% against the previous month. Overall, the import price recorded a slight increase. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 36% month-to-month. As a result, import price reached the peak level of $4,242 per ton. From January 2023 to November 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Mexico ($9,664 per ton), while the price for the United States ($2,578 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Japan (FOB) - 2022
In 2022, the average export price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $2,200 per ton, approximately equating the previous year. Overall, the export price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2019 when the average export price increased by 21%. Over the period under review, the average export prices attained the peak figure at $5,468 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($2,924 per ton), while the average price for exports to Singapore ($1,543 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 Hong Kong SAR (-0.7%), while the prices for the other major destinations experienced a decline.
Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Japan
In 2022, the amount of refined cane or beet sugar (with added flavoring or coloring matter) imported into Japan soared to 1.7K tons, increasing by 52% against 2021 figures. Over the period under review, imports continue to indicate a relatively flat trend pattern. As a result, imports reached 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 $5M in 2022. Overall, total imports indicated modest growth from 2019 to 2022: its value increased at an average annual rate of +1.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +82.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.6 | 1.9 | 2.4 | 3.6 | 0.0% |
| France | 0.9 | 0.7 | 0.7 | 0.8 | -3.9% |
| Sri Lanka | N/A | 0.1 | 0.2 | 0.5 | 123.6% |
| Others | 0.3 | 0.1 | 0.1 | 0.2 | -12.6% |
| Total | 4.8 | 2.8 | 3.4 | 5.0 | 1.4% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to Japan in 2022:
- United States (1469.5 tons)
- France (148.7 tons)
- Sri Lanka (28.6 tons)
Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Japan
In 2022, exports of refined cane or beet sugar (with added flavoring or coloring matter) from Japan contracted markedly to 55 tons, reducing by -15.7% on 2021. Overall, exports recorded a sharp contraction. The smallest decline of -14.2% was in 2020.
In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) reduced notably to $121K in 2022. Over the period under review, exports recorded a sharp slump.
| Export of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 15.0 | 15.4 | 37.0 | 54.8 | 54.0% |
| Singapore | 280 | 40.9 | 34.3 | 29.3 | -52.9% |
| Hong Kong SAR | 98.8 | 106 | 70.6 | 19.1 | -42.2% |
| Taiwan (Chinese) | 19.7 | 2.0 | N/A | 9.7 | -21.0% |
| United States | 29.3 | 37.7 | N/A | 5.8 | -41.7% |
| China | 13.5 | 15.9 | N/A | 2.5 | -43.0% |
| Others | 7.4 | 2.6 | 3.2 | N/A | -34.2% |
| Total | 464 | 220 | 145 | 121 | -36.1% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from Japan in 2022:
- South Korea (21.0 tons)
- Singapore (19.0 tons)
- Hong Kong SAR (7.0 tons)
- Taiwan (Chinese) (5.0 tons)
- United States (2.0 tons)
- China (1.2 tons)
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