Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Ghana - 2022

Contents:

1. Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Ghana (CIF) - 2022
2. Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Ghana (FOB) - 2022
3. Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Ghana
4. Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Ghana

Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Ghana (CIF) - 2022

In 2022, the average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $355 per ton, reducing by -3.5% against the previous year. Over the period under review, the import price saw a deep setback. The growth pace was the most rapid in 2017 when the average import price increased by 8.4% against the previous year. The import price peaked at $692 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to -2.3% per year.

Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Ghana (FOB) - 2022

The average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $1,697 per ton in 2022, declining by -45.5% against the previous year. In general, the export price, however, posted a resilient increase. The growth pace was the most rapid in 2017 when the average export price increased by 481%. The export price peaked at $3,115 per ton in 2021, and then declined sharply in the following year.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to +132.6% per year.

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

In 2022, after three years of growth, there was significant decline in overseas purchases of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose, when their volume decreased by -6.4% to 456K tons. The total import volume increased at an average annual rate of +11.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 30%.

In value terms, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose dropped to $162M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +12.6% 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 +42.8% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 28% against the previous year.

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

1. United Arab Emirates (455.9K tons)

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

In 2022, overseas shipments of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose increased by 186% to 11 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a significant contraction.

In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose surged to $19K in 2022. Overall, exports, however, faced a dramatic downturn.

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

1. United States (10.9 tons)

Source: IndexBox Market Intelligence Platform