Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Oman - 2022
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Oman (CIF) - 2022
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Oman (FOB) - 2022
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Oman
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Oman
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Oman (CIF) - 2022
In 2022, the average import price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $1,377 per ton, picking up by 11% against the previous year. Over the period under review, the import price posted a noticeable increase. The pace of growth was the most pronounced in 2021 when the average import price increased by 107% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($2,146 per ton), while the price for India ($967 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+101.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Oman (FOB) - 2022
In 2022, the average export price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $2,153 per ton, rising by 329% against the previous year. Overall, the export price enjoyed resilient growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($2,153 per ton), while the average price for exports to Italy amounted to $2,150 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+7.2%), while the prices for the other major destinations experienced a decline.
Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Oman
In 2022, supplies from abroad of refined cane or beet sugar (with added flavoring or coloring matter) decreased by -58.7% to 123 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a pronounced reduction. The growth pace was the most rapid in 2020 with an increase of 1,836% against the previous year. As a result, imports attained the peak of 2.6K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) contracted significantly to $169K in 2022. In general, imports, however, continue to indicate a moderate increase. The growth pace was the most rapid in 2020 with an increase of 897% against the previous year. As a result, imports attained the peak of $1.6M. From 2021 to 2022, the growth of imports of failed to regain momentum.
Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Oman (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 48.1 | 161 | 163 | 77.3 | 17.1% |
United Arab Emirates | 33.8 | 32.9 | 47.3 | 48.4 | 12.7% |
United States | 6.9 | 5.6 | 10.9 | 17.0 | 35.1% |
Saudi Arabia | 44.2 | 63.2 | 90.8 | 13.2 | -33.2% |
Philippines | N/A | N/A | 8.3 | 8.0 | -3.6% |
Thailand | 7.4 | 13.1 | 16.5 | N/A | 49.3% |
Morocco | N/A | 477 | N/A | N/A | 0% |
France | N/A | 189 | 18.7 | N/A | -90.1% |
Greece | N/A | 619 | 0.2 | N/A | -100.0% |
Others | 16.9 | 9.2 | 11.0 | 4.9 | -33.8% |
Total | 157 | 1,568 | 366 | 169 | 2.5% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to Oman in 2022:
- India (79.9 tons)
- United Arab Emirates (22.6 tons)
- United States (7.9 tons)
- Saudi Arabia (6.2 tons)
- Philippines (3.7 tons)
Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Oman
After three years of growth, shipments abroad of refined cane or beet sugar (with added flavoring or coloring matter) decreased by -91.6% to 5.6 tons in 2022. In general, exports continue to indicate a noticeable setback. The pace of growth was the most pronounced in 2020 when exports increased by 662%.
In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) shrank rapidly to $12K in 2022. Over the period under review, exports, however, showed a noticeable increase. The pace of growth appeared the most rapid in 2020 when exports increased by 121%.
Export of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Oman (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 1.0 | 0.1 | 0.5 | 11.4 | 125.1% |
Italy | N/A | N/A | N/A | 0.5 | 0% |
Yemen | 1.6 | 23.3 | 28.6 | N/A | 322.8% |
Togo | 6.9 | N/A | N/A | N/A | 0% |
Qatar | 1.1 | 0.5 | 4.1 | N/A | 93.1% |
Others | 0.2 | N/A | N/A | 0.2 | 0.0% |
Total | 10.8 | 23.9 | 33.3 | 12.0 | 3.6% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from Oman in 2022:
- United Arab Emirates (5.3 tons)
- Italy (0.2 tons)
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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 ...
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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.