Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Iraq - 2022
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Iraq (CIF) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Iraq
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Iraq (CIF) - 2022
In 2022, the average import price for raw cane sugar (without flavoring or coloring matter, other) amounted to $296 per ton, waning by -15% against the previous year. In general, the import price saw a deep downturn. The most prominent rate of growth was recorded in 2021 an increase of 33% against the previous year. The import price peaked at $790 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($350 per ton), while the price for Brazil amounted to $284 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-4.9%).
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Iraq
In 2022, approx. 1.1M tons of raw cane sugar (without flavoring or coloring matter, other) were imported into Iraq; with an increase of 28% compared with the previous year. Over the period under review, total imports indicated a temperate increase from 2019 to 2022: its volume increased at an average annual rate of +3.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -17.9% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 35% against the previous year. As a result, imports reached the peak of 1.3M tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) totaled $320M in 2022. The total import value increased at an average annual rate of +5.8% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2020 when imports increased by 28% against the previous year. As a result, imports reached the peak of $345M. From 2021 to 2022, the growth of imports of failed to regain momentum.
Import of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Iraq (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | 263 | 316 | 229 | 252 | -1.4% |
India | 5.8 | 29.6 | 64.8 | 67.4 | 126.5% |
Others | 0.2 | 0.1 | 0.3 | 0.2 | 0.0% |
Total | 270 | 345 | 294 | 320 | 5.8% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to Iraq in 2022:
- Brazil (886.3K tons)
- India (192.7K tons)
This report provides an in-depth analysis of the sugar market in Iraq.
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This report provides an in-depth analysis of the sugar market in Iraq.
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