Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Cameroon - 2022
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Cameroon (CIF) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Cameroon (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Cameroon
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Cameroon
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Cameroon (CIF) - 2022
In 2022, the average import price for raw cane sugar (without flavoring or coloring matter, other) amounted to $312 per ton, increasing by 2.8% against the previous year. In general, the import price, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2017 an increase of 6%. As a result, import price reached the peak level of $496 per ton. From 2018 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($313 per ton), while the price for Guatemala ($297 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (-4.2%), while the prices for the other major suppliers experienced a decline.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Cameroon (FOB) - 2022
In 2022, the average export price for raw cane sugar (without flavoring or coloring matter, other) amounted to $581 per ton, flattening at the previous year. Over the period under review, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2019 an increase of 44% against the previous year. The export price peaked at $1,202 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Congo ($1,000 per ton), while the average price for exports to Central African Republic ($571 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Congo (-0.1%), while the prices for the other major destinations experienced a decline.
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Cameroon
In 2022, the amount of raw cane sugar (without flavoring or coloring matter, other) imported into Cameroon rose rapidly to 3.9K tons, with an increase of 8.9% on the year before. Overall, imports saw significant growth. The pace of growth was the most pronounced in 2020 with an increase of 123%. As a result, imports attained the peak of 4.3K 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, other) stood at $1.2M in 2022. In general, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 118%. As a result, imports attained the peak of $1.4M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Cameroon (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 296 | 1,026 | 327 | 639 | 29.2% |
| India | N/A | N/A | 684 | 575 | -15.9% |
| Guatemala | 326 | 330 | 83.6 | 14.4 | -64.7% |
| Others | 0.7 | 5.1 | 1.1 | 0.7 | 0.0% |
| Total | 623 | 1,361 | 1,097 | 1,229 | 25.4% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to Cameroon in 2022:
- Brazil (2042.7 tons)
- India (1849.6 tons)
- Guatemala (48.6 tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Cameroon
In 2022, shipments abroad of raw cane sugar (without flavoring or coloring matter, other) decreased by -20.4% to 86 kg, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a sharp reduction. The pace of growth was the most pronounced in 2020 when exports increased by 87% against the previous year. As a result, the exports reached the peak of 10 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) fell rapidly to $50 in 2022. In general, exports continue to indicate a precipitous setback. The pace of growth appeared the most rapid in 2020 with an increase of 93% against the previous year. As a result, the exports attained the peak of $11K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Cameroon (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Central African Republic | N/A | 10.7 | 0.1 | N/A | -99.1% |
| Congo | 2.5 | 0.1 | N/A | N/A | -96.0% |
| France | 3.1 | 0.1 | N/A | N/A | -96.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.6 | 10.9 | 0.1 | 0.1 | -73.9% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from Cameroon in 2022:
- Central African Republic (84.0 kg)
- Congo (1.0 kg)
- France (1.0 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.
