Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Sri Lanka - 2022

Contents:

  1. Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Sri Lanka (CIF) - 2022
  2. Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Sri Lanka (FOB) - 2022
  3. Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Sri Lanka
  4. Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Sri Lanka

Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Sri Lanka (CIF) - 2022

In 2022, the average import price for raw cane sugar (without flavoring or coloring matter) amounted to $2,908 per ton, with an increase of 650% against the previous year. In general, the import price posted a remarkable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +26.0% per year.

Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Sri Lanka (FOB) - 2022

The average export price for raw cane sugar (without flavoring or coloring matter) stood at $3,173 per ton in 2022, rising by 143% against the previous year. In general, the export price recorded a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Maldives.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +3.3% per year.

Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Sri Lanka

In 2022, overseas purchases of raw cane sugar (without flavoring or coloring matter) decreased by -99.8% to 8.7 tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 292%. As a result, imports reached the peak of 5.9K 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) dropped dramatically to $25K in 2022. Overall, imports continue to indicate a sharp setback. The pace of growth appeared the most rapid in 2020 when imports increased by 302% against the previous year. As a result, imports reached the peak of $2M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates16.011.99.325.316.5%
Thailand236584403N/A30.7%
India61.1762505N/A187.5%
Brazil183636616N/A83.5%
Others0.11.21.1N/A231.7%
Total4971,9951,53325.3-62.9%

Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter) to Sri Lanka in 2022:

  1. United Arab Emirates (8.7 tons)

Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Sri Lanka

For the third consecutive year, Sri Lanka recorded decline in overseas shipments of raw cane sugar (without flavoring or coloring matter), which decreased by -76.2% to 1.3 tons in 2022. In general, exports showed a precipitous slump. The smallest decline of -37% was in 2020.

In value terms, exports of raw cane sugar (without flavoring or coloring matter) shrank rapidly to $4.3K in 2022. Over the period under review, exports saw a dramatic shrinkage.

Export of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Maldives0.91.00.24.064.4%
KuwaitN/A5.7N/AN/A0%
United Kingdom36.833.65.5N/A-61.3%
FranceN/A0.8N/AN/A0%
United Arab Emirates3.45.70.4N/A-65.7%
Australia3.0N/AN/AN/A0%
Saudi Arabia9.7N/AN/AN/A0%
Others38.33.91.30.2-82.7%
Total92.050.77.44.3-64.0%

Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter) from Sri Lanka in 2022:

  1. Maldives (1324.0 kg)

Source: IndexBox Market Intelligence Platform

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