Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Nepal - 2022
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Nepal (CIF) - 2022
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Nepal (FOB) - 2022
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Nepal
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Nepal
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Nepal (CIF) - 2022
In 2022, the average import price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $1,072 per ton, surging by 34% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 an increase of 36%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.
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 Turkey ($1,353 per ton), while the price for India totaled $752 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.0%).
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Nepal (FOB) - 2022
The average export price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $4,050 per ton in 2022, reducing by -8% against the previous year. Over the period under review, the export price, however, posted a modest expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 87%. The export price peaked at $5,063 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($6,357 per ton), while the average price for exports to Germany amounted to $3,367 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.8%).
Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Nepal
In 2022, purchases abroad of refined cane or beet sugar (with added flavoring or coloring matter) decreased by -32.9% to 19 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports saw a pronounced downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 19%.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) contracted to $20K in 2022. The total import value increased at an average annual rate of +2.3% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 9.8%.
| Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | N/A | N/A | 13.5 | 0% |
| India | 17.8 | 20.5 | 18.7 | 6.6 | -28.2% |
| China | 0.7 | N/A | 2.4 | N/A | 85.2% |
| Others | 0.2 | N/A | 1.4 | N/A | 164.6% |
| Total | 18.7 | 20.6 | 22.4 | 20.1 | 2.4% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to Nepal in 2022:
- Turkey (10.0 tons)
- India (8.8 tons)
Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Nepal
In 2022, after three years of growth, there was significant decline in overseas shipments of refined cane or beet sugar (with added flavoring or coloring matter), when their volume decreased by -24.2% to 119 kg. Over the period under review, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 98%.
In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) shrank sharply to $482 in 2022. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 155% against the previous year. As a result, the exports attained the peak of $691, and then shrank remarkably in the following year.
| Export of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Nepal (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | N/A | N/A | 303 | 0% |
| China | 107 | 271 | 691 | 178 | 18.5% |
| Others | N/A | N/A | N/A | 1.0 | 0% |
| Total | 107 | 271 | 691 | 482 | 65.2% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from Nepal in 2022:
- Germany (90.0 kg)
- China (28.0 kg)
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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.
