Price for Sugars; Fructose, Chemically Pure, in Solid Form in China - 2024
Contents:
- Price for Sugars; Fructose, Chemically Pure, in Solid Form in China (CIF) - 2022
- Price for Sugars; Fructose, Chemically Pure, in Solid Form in China (FOB) - 2024
- Imports of Sugars; Fructose, Chemically Pure, in Solid Form in China
- Exports of Sugars; Fructose, Chemically Pure, in Solid Form in China
Price for Sugars; Fructose, Chemically Pure, in Solid Form in China (CIF) - 2022
The average import price for sugars; fructose, chemically pure, in solid form stood at $1,026 per ton in 2022, with an increase of 27% against the previous year. Overall, the import price, however, continues to indicate a noticeable slump. The import price peaked at $1,465 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
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 Finland ($1,325 per ton), while the price for the United States ($837 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+33.6%), while the prices for the other major suppliers experienced a decline.
Price for Sugars; Fructose, Chemically Pure, in Solid Form in China (FOB) - 2024
In September 2023, the average export price for sugars; fructose, chemically pure, in solid form amounted to $1,443 per ton, rising by 10% against the previous month. Over the period from February 2023 to September 2023, it increased at an average monthly rate of +1.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was the United States ($3,708 per ton), while the average price for exports to Colombia ($1,177 per ton) was amongst the lowest.
From February 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+28.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Sugars; Fructose, Chemically Pure, in Solid Form in China
In 2022, after three years of growth, there was significant decline in purchases abroad of sugars; fructose, chemically pure, in solid form, when their volume decreased by -60.8% to 9K tons. Overall, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 204%.
In value terms, imports of sugars; fructose, chemically pure, in solid form plummeted to $9.1M in 2022. In general, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 169% against the previous year. As a result, imports attained the peak of $18M, and then declined dramatically in the following year.
| Import of Sugars; Fructose, Chemically Pure, in Solid Form in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 0.7 | 3.7 | 10.3 | 4.4 | 84.6% |
| Ukraine | N/A | N/A | 4.9 | 2.3 | -53.1% |
| Israel | 2.1 | 2.6 | 2.9 | 2.2 | 1.6% |
| United States | 0.2 | 0.4 | 0.3 | 0.1 | -20.6% |
| Others | 0.2 | 0.2 | 0.1 | 0.1 | -20.6% |
| Total | 3.2 | 6.9 | 18.4 | 9.1 | 41.7% |
Top Suppliers of Sugars; Fructose, Chemically Pure, in Solid Form to China in 2022:
- Turkey (4.8K tons)
- Ukraine (2.2K tons)
- Israel (1.7K tons)
- United States (0.1K tons)
Exports of Sugars; Fructose, Chemically Pure, in Solid Form in China
Exports of sugars; fructose, chemically pure, in solid form from China surged to 3K tons in 2022, picking up by 28% against 2021. In general, exports, however, recorded a deep contraction.
In value terms, exports of sugars; fructose, chemically pure, in solid form soared to $4.7M in 2022. Over the period under review, exports, however, showed a perceptible shrinkage.
| Export of Sugars; Fructose, Chemically Pure, in Solid Form in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 1,776 | 259 | 1,058 | 1,514 | -5.2% |
| Israel | N/A | 417 | N/A | 560 | 15.9% |
| United States | 36.5 | N/A | 3.2 | 450 | 131.0% |
| Thailand | 219 | 34.0 | N/A | 419 | 24.1% |
| South Korea | 1,164 | 822 | 409 | 365 | -32.1% |
| Taiwan (Chinese) | 527 | 325 | 599 | 227 | -24.5% |
| Mexico | N/A | N/A | N/A | 194 | 0% |
| Saudi Arabia | 63.5 | 53.7 | 167 | 152 | 33.8% |
| Vietnam | 27.0 | N/A | 150 | 137 | 71.8% |
| South Africa | 146 | 97.1 | 64.5 | 78.8 | -18.6% |
| Colombia | 165 | 27.3 | 62.0 | 73.0 | -23.8% |
| Cambodia | N/A | N/A | N/A | 61.4 | 0% |
| Japan | 548 | 291 | 344 | 28.1 | -62.8% |
| Others | 686 | 471 | 161 | 443 | -13.6% |
| Total | 5,358 | 2,797 | 3,019 | 4,702 | -4.3% |
Top Export Markets for Sugars; Fructose, Chemically Pure, in Solid Form from China in 2022:
- Indonesia (1030.3 tons)
- Thailand (310.9 tons)
- Israel (282.1 tons)
- United States (277.0 tons)
- South Korea (259.1 tons)
- Mexico (148.0 tons)
- Saudi Arabia (120.6 tons)
- Vietnam (97.0 tons)
- South Africa (75.0 tons)
- Taiwan (Chinese) (62.4 tons)
- Cambodia (58.5 tons)
- Colombia (49.0 tons)
- Japan (20.0 tons)
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