Price for Sugars; Fructose, Chemically Pure, in Solid Form in Thailand - 2024
Contents:
- Price for Sugars; Fructose, Chemically Pure, in Solid Form in Thailand (CIF) - 2022
- Price for Sugars; Fructose, Chemically Pure, in Solid Form in Thailand (FOB) - 2022
- Imports of Sugars; Fructose, Chemically Pure, in Solid Form in Thailand
- Exports of Sugars; Fructose, Chemically Pure, in Solid Form in Thailand
Price for Sugars; Fructose, Chemically Pure, in Solid Form in Thailand (CIF) - 2022
In 2022, the average import price for sugars; fructose, chemically pure, in solid form amounted to $1,291 per ton, rising by 32% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $1,680 per ton in 2014; however, from 2015 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 China ($1,875 per ton), while the price for Turkey ($1,097 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.0%), while the prices for the other major suppliers experienced a decline.
Price for Sugars; Fructose, Chemically Pure, in Solid Form in Thailand (FOB) - 2022
The average export price for sugars; fructose, chemically pure, in solid form stood at $3,862 per ton in 2022, dropping by -9.6% against the previous year. Over the period under review, the export price, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 519% against the previous year. Over the period under review, the average export prices attained the peak figure at $7,781 per ton in 2016; however, from 2017 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 Hong Kong SAR ($83,000 per ton), while the average price for exports to Myanmar stood at $4,625 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+372.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Sugars; Fructose, Chemically Pure, in Solid Form in Thailand
In 2022, imports of sugars; fructose, chemically pure, in solid form into Thailand fell to 1.7K tons, which is down by -3.7% on the year before. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. As a result, imports reached the peak of 1.7K tons, and then fell in the following year.
In value terms, imports of sugars; fructose, chemically pure, in solid form soared to $2.1M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +10.5% 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 +57.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Sugars; Fructose, Chemically Pure, in Solid Form in Thailand (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 431 | 494 | 454 | 966 | 30.9% |
Finland | 616 | 561 | 671 | 390 | -14.1% |
China | 206 | 58.5 | N/A | 347 | 19.0% |
Israel | N/A | 0.2 | 341 | 333 | 3980.4% |
United States | 336 | 246 | 219 | 101 | -33.0% |
Others | 1.1 | 0.8 | 3.1 | 5.1 | 66.7% |
Total | 1,590 | 1,360 | 1,688 | 2,142 | 10.4% |
Top Suppliers of Sugars; Fructose, Chemically Pure, in Solid Form to Thailand in 2022:
- Turkey (880.5 tons)
- Finland (279.9 tons)
- Israel (239.9 tons)
- China (184.9 tons)
- United States (70.0 tons)
Exports of Sugars; Fructose, Chemically Pure, in Solid Form in Thailand
For the third year in a row, Thailand recorded decline in shipments abroad of sugars; fructose, chemically pure, in solid form, which decreased by -45.8% to 13 kg in 2022. In general, exports saw a dramatic decline. The smallest decline of -1.4% was in 2020.
In value terms, exports of sugars; fructose, chemically pure, in solid form skyrocketed to $452 in 2022. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 502%. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in years to come.
Export of Sugars; Fructose, Chemically Pure, in Solid Form in Thailand (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Hong Kong SAR | N/A | 78.0 | N/A | 415 | 130.7% |
Myanmar | 55.0 | N/A | 101 | 37.0 | -12.4% |
Vietnam | N/A | 252 | N/A | N/A | 0% |
Others | N/A | 1.0 | N/A | N/A | 0% |
Total | 55.0 | 331 | 101 | 452 | 101.8% |
Top Export Markets for Sugars; Fructose, Chemically Pure, in Solid Form from Thailand in 2022:
- Myanmar (8.0 kg)
- Hong Kong SAR (5.0 kg)
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