Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Saudi Arabia - 2022
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Saudi Arabia (CIF) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Saudi Arabia (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Saudi Arabia
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Saudi Arabia
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Saudi Arabia (CIF) - 2022
The average import price for raw cane sugar (without flavoring or coloring matter, other) stood at $316 per ton in 2022, leveling off at the previous year. Over the period under review, the import price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2015 when the average import price increased by 33%. Over the period under review, average import prices attained the maximum at $716 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($347 per ton), while the price for Brazil amounted to $299 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-6.6%), while the prices for the other major suppliers experienced a decline.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Saudi Arabia (FOB) - 2022
In 2022, the average export price for raw cane sugar (without flavoring or coloring matter, other) amounted to $494 per ton, with a decrease of -28.8% against the previous year. Over the period under review, the export price, however, showed buoyant growth. The most prominent rate of growth was recorded in 2015 an increase of 337% against the previous year. Over the period under review, the average export prices hit record highs at $693 per ton in 2021, and then dropped markedly in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($800 per ton), while the average price for exports to Ethiopia ($482 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 Italy (+79.2%).
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Saudi Arabia
In 2022, approx. 49K tons of raw cane sugar (without flavoring or coloring matter, other) were imported into Saudi Arabia; declining by -50% on the previous year's figure. Overall, imports showed a dramatic descent.
In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) dropped sharply to $15M in 2022. Over the period under review, imports recorded a sharp decrease.
Import of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Saudi Arabia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
Brazil | 30.9 | 9.6 | -68.9% | ||
India | N/A | 5.9 | 0% | ||
Others | 0.1 | 0.1 | 0.0% | ||
Total | 31.0 | 15.5 | -50.0% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to Saudi Arabia in 2022:
- Brazil (32.0K tons)
- India (16.8K tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Saudi Arabia
In 2022, the amount of raw cane sugar (without flavoring or coloring matter, other) exported from Saudi Arabia soared to 1.8K tons, picking up by 57% compared with 2021 figures. Overall, exports recorded perceptible growth.
In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) rose notably to $894K in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +14.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -9.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 67% against the previous year. As a result, the exports reached the peak of $991K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
Export of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Saudi Arabia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ethiopia | N/A | N/A | N/A | 809 | 0% |
Jordan | N/A | N/A | N/A | 77.0 | 0% |
Italy | 594 | N/A | N/A | 2.1 | -84.8% |
Others | N/A | 991 | 798 | 6.1 | -92.2% |
Total | 594 | 991 | 798 | 894 | 14.6% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from Saudi Arabia in 2022:
- Ethiopia (1679.7 tons)
- Jordan (118.8 tons)
- Italy (3.4 tons)
This report provides an in-depth analysis of the raw cane sugar market in Saudi Arabia.
This report provides an in-depth analysis of the sugar market in Saudi Arabia.
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In value terms, cane and beet sugar and sucrose imports totaled $X in 2016. Overall, it indicated a perceptible growth from 2007 to 2016: the total imports value increased at an average annual rate ...
In value terms, cane and beet sugar and sucrose exports totaled $X in 2016. Overall, it indicated a strong growth from 2007 to 2016: the total exports value increased at an average annual rate of +X>
Discover the top import markets for sugar, including China, the United States, Indonesia, Bangladesh, and South Korea, and their importance in meeting global sugar demand. Gain valuable insights from the IndexBox market report on the sugar industry.
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.