Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Iran - 2022
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Iran (CIF) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Iran (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Iran
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Iran
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Iran (CIF) - 2022
In 2022, the average import price for raw cane sugar (without flavoring or coloring matter) amounted to $412 per ton, reducing by -9% against the previous year. In general, the import price continues to indicate a slight slump. The pace of growth was the most pronounced in 2021 an increase of 24% against the previous year. Over the period under review, average import prices attained the maximum at $507 per ton in 2013; however, from 2014 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 countries with the highest prices were Switzerland ($467 per ton) and Brazil ($452 per ton), while the price for India ($381 per ton) and Italy ($385 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+23.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Iran (FOB) - 2022
In 2022, the average export price for raw cane sugar (without flavoring or coloring matter) amounted to $1,516 per ton, falling by -11.5% against the previous year. Over the period under review, the export price showed a mild downturn. The most prominent rate of growth was recorded in 2018 an increase of 87% against the previous year. Over the period under review, the average export prices reached the peak figure at $1,753 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($1,938 per ton), while the average price for exports to Australia totaled $726 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+6.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Iran
In 2022, approx. 1.1M tons of raw cane sugar (without flavoring or coloring matter) were imported into Iran; shrinking by -7.7% against the year before. Over the period under review, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 18% against the previous year.
In value terms, imports of raw cane sugar (without flavoring or coloring matter) fell dramatically to $458M in 2022. Overall, imports faced a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 47%.
Import of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Iran (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | 127 | 58.8 | 272 | 183 | 12.9% |
India | 331 | 243 | 43.0 | 182 | -18.1% |
United Kingdom | 61.3 | 26.7 | 37.4 | 35.1 | -17.0% |
Switzerland | 11.8 | 18.1 | 43.3 | 29.1 | 35.1% |
Italy | 39.1 | 24.2 | 40.3 | 28.1 | -10.4% |
Iraq | N/A | N/A | 52.5 | N/A | 0% |
Turkey | 21.7 | N/A | 56.7 | N/A | 61.6% |
Others | 50.0 | N/A | N/A | N/A | 0% |
Total | 642 | 371 | 545 | 458 | -10.6% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter) to Iran in 2022:
- India (479.3K tons)
- Brazil (404.4K tons)
- United Kingdom (91.1K tons)
- Italy (73.1K tons)
- Switzerland (62.4K tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Iran
Exports of raw cane sugar (without flavoring or coloring matter) from Iran totaled 8.8 tons in 2022, surging by 11% on 2021 figures. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 132%. As a result, the exports reached the peak of 9.6 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) dropped modestly to $13K in 2022. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 116% against the previous year.
Export of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Iran (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 4.8 | 11.4 | 10.5 | 11.0 | 31.8% |
Australia | 1.2 | 1.4 | 1.4 | 2.2 | 22.4% |
Oman | N/A | N/A | 1.3 | N/A | 0% |
Others | 0.1 | 0.3 | 0.3 | 0.1 | 0.0% |
Total | 6.1 | 13.1 | 13.6 | 13.4 | 30.0% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter) from Iran in 2022:
- Canada (5.7 tons)
- Australia (3.1 tons)
This report provides an in-depth analysis of the sugar market in Iran.
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