Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Saudi Arabia - 2022
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Saudi Arabia (CIF) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Saudi Arabia (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Saudi Arabia
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Saudi Arabia
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Saudi Arabia (CIF) - 2022
The average import price for raw cane sugar (without flavoring or coloring matter) stood at $383 per ton in 2022, which is down by -19% against the previous year. Over the period under review, the import price showed a deep setback. The pace of growth appeared the most rapid in 2021 when the average import price increased by 50% against the previous year. The import price peaked at $660 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($510 per ton), while the price for Brazil amounted to $353 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-2.9%).
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Saudi Arabia (FOB) - 2022
In 2022, the average export price for raw cane sugar (without flavoring or coloring matter) amounted to $469 per ton, dropping by -4.5% against the previous year. Overall, the export price saw a perceptible curtailment. The pace of growth was the most pronounced in 2016 an increase of 30%. The export price peaked at $643 per ton in 2013; however, from 2014 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 Jordan.
From 2013 to 2022, the rate of growth in terms of prices for Iraq amounted to -1.7% per year.
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Saudi Arabia
In 2022, imports of raw cane sugar (without flavoring or coloring matter) into Saudi Arabia skyrocketed to 1.1M tons, rising by 15% against the previous year's figure. Over the period under review, imports, however, recorded a noticeable curtailment.
In value terms, imports of raw cane sugar (without flavoring or coloring matter) shrank to $432M in 2022. The total import value increased at an average annual rate of +4.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 15%. As a result, imports attained the peak of $462M, and then reduced in the following year.
Import of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Saudi Arabia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | 361 | 384 | 340 | 322 | -3.7% |
India | 15.0 | 17.3 | 122 | 110 | 94.3% |
Others | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
Total | 376 | 402 | 462 | 432 | 4.7% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter) to Saudi Arabia in 2022:
- Brazil (912.0K tons)
- India (215.4K tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Saudi Arabia
In 2022, overseas shipments of raw cane sugar (without flavoring or coloring matter) increased by 7.3% to 2.8K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a significant decline.
In value terms, exports of raw cane sugar (without flavoring or coloring matter) reached $1.3M in 2022. In general, exports, however, recorded a dramatic decrease.
Export of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Saudi Arabia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Jordan | 21.0 | 1.3 | N/A | 1.3 | -60.4% |
Palestine | 0.7 | 0.1 | N/A | N/A | -85.7% |
Others | 0.4 | N/A | 1.3 | N/A | 80.3% |
Total | 22.0 | 1.4 | 1.3 | 1.3 | -61.1% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter) from Saudi Arabia in 2022:
- Jordan (2.8K tons)
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