Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Japan - 2023

Contents:

1. Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Japan (CIF) - 2023
2. Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Japan (FOB) - 2023
3. Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Japan
4. Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Japan

Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Japan (CIF) - 2023

In November 2023, the average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $1,215 per ton, increasing by 11% against the previous month. Overall, the import price recorded a slight expansion. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 225% m-o-m. As a result, import price reached the peak level of $3,206 per ton. From March 2023 to November 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was France ($6,338 per ton), while the price for Thailand ($669 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Belgium (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Japan (FOB) - 2023

The average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $1,289 per ton in November 2023, shrinking by -7.4% against the previous month. In general, export price indicated a mild increase from November 2022 to November 2023: its price increased at an average monthly rate of +1.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose decreased by -36.5% against July 2023 indices. The growth pace was the most rapid in July 2023 when the average export price increased by 55% m-o-m. As a result, the export price reached the peak level of $2,029 per ton. From August 2023 to November 2023, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was China ($3,077 per ton), while the average price for exports to Taiwan (Chinese) ($1,064 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Japan

In 2022, approx. 5.6K tons of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose were imported into Japan; which is down by -35.5% on the year before. Over the period under review, imports, however, saw a notable increase. The pace of growth appeared the most rapid in 2021 when imports increased by 81%. As a result, imports reached the peak of 8.8K tons, and then declined markedly in the following year.

In value terms, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose fell markedly to $6.4M in 2022. Overall, imports, however, showed a pronounced expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 54% against the previous year. As a result, imports reached the peak of $11M, and then declined dramatically in the following year.

Top Suppliers of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose to Japan in 2022:

1. Thailand (1982.0 tons)
2. Brazil (1393.0 tons)
3. Belgium (933.0 tons)
4. Germany (647.5 tons)
5. South Korea (226.0 tons)
6. Argentina (199.0 tons)
7. United States (91.2 tons)

Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Japan

Exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose from Japan rose rapidly to 1.9K tons in 2022, picking up by 6.5% on 2021 figures. The total export volume increased at an average annual rate of +9.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 23% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose rose remarkably to $3M in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +16.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 50% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose from Japan in 2022:

1. Taiwan (Chinese) (1012.0 tons)
2. Hong Kong SAR (540.0 tons)
3. China (172.0 tons)
4. South Korea (34.0 tons)
5. Germany (33.0 tons)
6. United States (32.0 tons)

Source: IndexBox Market Intelligence Platform