Price for Sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa in the United States - 2023
Contents:
- Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in the United States (CIF) - 2023
- Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in the United States (FOB) - 2023
- Imports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in the United States
- Exports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in the United States
Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in the United States (CIF) - 2023
In November 2023, the average import price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa amounted to $3,658 per ton, shrinking by -2.5% against the previous month. Over the period from December 2022 to November 2023, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 6.4% against the previous month. The import price peaked at $3,776 per ton in September 2023; however, from October 2023 to November 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Canada ($4,330 per ton), while the price for Argentina ($1,831 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Spain (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in the United States (FOB) - 2023
In November 2023, the average export price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa amounted to $4,435 per ton, remaining relatively unchanged against the previous month. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 7.8% m-o-m. The export price peaked at $4,668 per ton in August 2023; however, from September 2023 to November 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($6,628 per ton), while the average price for exports to Mexico ($3,612 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in the United States
Imports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa into the United States rose notably to 866K tons in 2022, growing by 13% against 2021 figures. The total import volume increased at an average annual rate of +9.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 14% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa skyrocketed to $2.7B in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +12.9% 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 +47.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 656 | 662 | 820 | 1,016 | 15.7% |
| Canada | 393 | 373 | 403 | 482 | 7.0% |
| Germany | 149 | 164 | 204 | 253 | 19.3% |
| Turkey | 101 | 97.4 | 128 | 166 | 18.0% |
| Spain | 103 | 114 | 119 | 138 | 10.2% |
| China | 111 | 73.0 | 93.0 | 122 | 3.2% |
| Brazil | 38.6 | 36.0 | 48.7 | 61.4 | 16.7% |
| Colombia | 30.2 | 21.2 | 27.8 | 38.2 | 8.1% |
| Others | 309 | 303 | 351 | 442 | 12.7% |
| Total | 1,890 | 1,844 | 2,195 | 2,719 | 12.9% |
Top Suppliers of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa to the United States in 2022:
- Mexico (369.5K tons)
- Canada (118.3K tons)
- Germany (77.5K tons)
- Turkey (74.2K tons)
- Spain (53.6K tons)
- China (33.0K tons)
- Brazil (25.8K tons)
- Colombia (14.3K tons)
Exports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in the United States
Exports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa from the United States expanded markedly to 158K tons in 2022, picking up by 6.9% compared with the year before. The total export volume increased at an average annual rate of +3.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 18%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa surged to $630M in 2022. The total export value increased at an average annual rate of +7.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 23% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 271 | 255 | 304 | 345 | 8.4% |
| Mexico | 61.1 | 41.9 | 47.1 | 66.5 | 2.9% |
| United Kingdom | 19.3 | 23.7 | 34.6 | 28.3 | 13.6% |
| Netherlands | 3.7 | 5.3 | 13.1 | 20.1 | 75.8% |
| Australia | 12.3 | 10.5 | 18.7 | 17.7 | 12.9% |
| Saudi Arabia | 7.0 | 6.5 | 7.4 | 9.8 | 11.9% |
| South Korea | 14.7 | 10.3 | 9.6 | 9.1 | -14.8% |
| Others | 113 | 83.6 | 104 | 134 | 5.8% |
| Total | 503 | 437 | 539 | 630 | 7.8% |
Top Export Markets for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa from the United States in 2022:
- Canada (94.3K tons)
- Mexico (18.7K tons)
- United Kingdom (4.9K tons)
- Netherlands (3.6K tons)
- Australia (3.0K tons)
- Saudi Arabia (2.9K tons)
- South Korea (1.9K tons)
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