Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Panama - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Panama (FOB) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Panama (CIF) - 2022
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Panama
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Panama
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Panama (FOB) - 2022
The average export price for raw cane sugar (without flavoring or coloring matter) stood at $694 per ton in 2022, rising by 13% against the previous year. Over the last six-year period, it increased at an average annual rate of +3.2%. As a result, the export price reached 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 the United States.
From 2016 to 2022, the rate of growth in terms of prices for the United States amounted to +3.2% per year.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Panama (CIF) - 2022
In 2022, the average import price for raw cane sugar (without flavoring or coloring matter) amounted to $2,949 per ton, declining by -83.3% against the previous year. Over the period under review, the import price saw a dramatic downturn. The import price peaked at $17,684 per ton in 2021, and then dropped significantly in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($2,981 per ton), while the price for the United States stood at $2,926 per ton.
From 2021 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+192.6%).
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Panama
In 2022, exports of raw cane sugar (without flavoring or coloring matter) from Panama fell to 35K tons, with a decrease of -2.6% on the previous year. In general, exports continue to indicate a abrupt descent.
In value terms, exports of raw cane sugar (without flavoring or coloring matter) rose significantly to $25M in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 24.9 | 25.9 | 22.3 | 24.2 | -0.9% |
| Others | N/A | N/A | 0.1 | 0.3 | 200.0% |
| Total | 24.9 | 25.9 | 22.4 | 24.5 | -0.5% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter) from Panama in 2022:
- United States (34.9K tons)
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Panama
In 2022, imports of raw cane sugar (without flavoring or coloring matter) into Panama surged to 3.4 tons, picking up by 17,863% on 2021. Overall, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of raw cane sugar (without flavoring or coloring matter) surged to $10K in 2022. Over the period under review, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| United States | N/A | 5.7 | 0% | ||
| Taiwan (Chinese) | N/A | 4.3 | 0% | ||
| Belize | 0.3 | N/A | 0% | ||
| Others | 0.1 | N/A | 0% | ||
| Total | 0.3 | 10.1 | 3266.7% | ||
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter) to Panama in 2022:
- United States (2.0 tons)
- Taiwan (Chinese) (1.5 tons)
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