Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Nepal - 2022
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Nepal (CIF) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Nepal (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Nepal
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Nepal
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Nepal (CIF) - 2022
In 2022, the average import price for raw cane sugar (without flavoring or coloring matter) amounted to $274 per ton, falling by -11.8% against the previous year. Overall, the import price showed a noticeable decrease. The most prominent rate of growth was recorded in 2020 a decrease of -0.6%. The import price peaked at $387 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to -3.4% per year.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Nepal (FOB) - 2022
In 2022, the average export price for raw cane sugar (without flavoring or coloring matter) amounted to $340 per ton, surging by 7.3% against the previous year. In general, the export price, however, showed a slight shrinkage. The growth pace was the most rapid in 2020 when the average export price increased by 26%. As a result, the export price attained the peak level of $397 per ton. From 2021 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -1.4% per year.
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Nepal
In 2022, purchases abroad of raw cane sugar (without flavoring or coloring matter) decreased by -68.9% to 4.2K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 189% against the previous year. As a result, imports reached the peak of 17K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of raw cane sugar (without flavoring or coloring matter) shrank rapidly to $1.1M in 2022. In general, imports faced a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 187% against the previous year. As a result, imports reached the peak of $5.6M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Nepal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2.0 | 5.6 | 4.2 | 1.1 | -18.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.0 | 5.6 | 4.2 | 1.1 | -18.1% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter) to Nepal in 2022:
- India (4.2K tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Nepal
Exports of raw cane sugar (without flavoring or coloring matter) from Nepal shrank dramatically to 2.1 tons in 2022, which is down by -29.7% against the previous year's figure. In general, exports recorded a precipitous setback. The pace of growth was the most pronounced in 2021 when exports increased by 146% against the previous year.
In value terms, exports of raw cane sugar (without flavoring or coloring matter) reduced notably to $705 in 2022. Overall, exports faced a sharp slump. The most prominent rate of growth was recorded in 2021 with an increase of 96% against the previous year.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Nepal (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,349 | 476 | 934 | 705 | -19.5% |
| Others | 35.0 | N/A | N/A | N/A | 0% |
| Total | 1,384 | 476 | 934 | 705 | -20.1% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter) from Nepal in 2022:
- China (2.1 tons)
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This year, world sugar production is expected to rise by 3% to 193M tons. The growth will be encouraged by favorable weather conditions in most of the largest producing countries, as well as the providing exemptions on the neonicotinoid usage against plant diseases and blights in France, Germany and the UK. The drop in sugar production and shipments from Brazil will be offset by large volumes coming from Thailand, which will boost global exports by +2.6% y-o-y. The increased supply in the world market is to keep sugar prices relatively stable over the next two years.
