Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Azerbaijan - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Azerbaijan (CIF) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Azerbaijan
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Azerbaijan (CIF) - 2022
In 2022, the average import price for raw cane sugar (without flavoring or coloring matter, other) amounted to $543 per ton, increasing by 13% against the previous year. Over the period under review, the import price, however, recorded a precipitous decline. The pace of growth appeared the most rapid in 2021 an increase of 42% against the previous year. Over the period under review, average import prices attained the peak figure at $7,425 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 country with the highest price was Brazil ($546 per ton), while the price for Mexico amounted to $530 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+3.8%).
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Azerbaijan
In 2022, imports of raw cane sugar (without flavoring or coloring matter, other) into Azerbaijan rose rapidly to 322K tons, growing by 6.1% against 2021 figures. Overall, imports saw a strong expansion. The pace of growth was the most pronounced in 2021 when imports increased by 95%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) surged to $175M in 2022. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 176% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the immediate term.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 55.4 | 52.7 | 134 | 149 | 39.1% |
| Mexico | 22.3 | N/A | 11.3 | 26.1 | 5.4% |
| Others | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 77.7 | 52.8 | 146 | 175 | 31.1% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to Azerbaijan in 2022:
- Brazil (273.1K tons)
- Mexico (49.1K tons)
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