Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Morocco - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Morocco (CIF) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Morocco (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Morocco
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Morocco
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Morocco (CIF) - 2022
In 2022, the average import price for raw cane sugar (without flavoring or coloring matter) amounted to $3,939 per ton, surging by 21% against the previous year. Overall, the import price saw a significant expansion. The pace of growth was the most pronounced in 2016 an increase of 676%. The import price peaked at $11,667 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
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 United States ($42,429 per ton), while the price for South Korea ($150 per ton) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.8%).
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Morocco (FOB) - 2022
The average export price for raw cane sugar (without flavoring or coloring matter) stood at $1,000 per ton in 2022, surging by 63% against the previous year. Overall, the export price, however, continues to indicate a slight shrinkage. The export price peaked at $1,851 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Spain.
From 2012 to 2022, the rate of growth in terms of prices for France amounted to -10.2% per year.
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Morocco
In 2022, imports of raw cane sugar (without flavoring or coloring matter) into Morocco surged to 132 kg, jumping by 222% against the year before. Over the period under review, imports showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 583% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of raw cane sugar (without flavoring or coloring matter) soared to $520 in 2022. Overall, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Morocco (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| United States | N/A | N/A | 297 | 0% | |
| France | 23.0 | 32.0 | 214 | 205.0% | |
| South Korea | N/A | N/A | 9.0 | 0% | |
| Taiwan (Chinese) | N/A | 95.0 | N/A | 0% | |
| Others | 47.0 | 7.0 | N/A | -85.1% | |
| Total | 70.0 | 134 | 520 | 172.6% | |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter) to Morocco in 2022:
- France (65.0 kg)
- South Korea (60.0 kg)
- United States (7.0 kg)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Morocco
In 2022, overseas shipments of raw cane sugar (without flavoring or coloring matter) decreased by 99.9% to 25 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports saw a precipitous decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 2,971%.
In value terms, exports of raw cane sugar (without flavoring or coloring matter) reduced markedly to $25 in 2022. In general, exports showed a precipitous descent. The most prominent rate of growth was recorded in 2020 when exports increased by 1,449%.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | N/A | N/A | N/A | N/A | 0% |
| France | 15.2 | 235 | 0.5 | N/A | -81.9% |
| South Africa | N/A | N/A | 278 | N/A | 0% |
| Mauritania | N/A | N/A | 2.2 | N/A | 0% |
| Others | N/A | N/A | 1.3 | N/A | 0% |
| Total | 15.2 | 235 | 282 | N/A | 330.7% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter) from Morocco in 2022:
- Spain (25.0 kg)
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