Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Angola - 2022

Contents:

1. Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Angola (CIF) - 2022
2. Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Angola (FOB) - 2022
3. Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Angola
4. Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Angola

Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Angola (CIF) - 2022

In 2022, the average import price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $2,420 per ton, shrinking by -11.7% against the previous year. In general, the import price continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2015 an increase of 57% against the previous year. Over the period under review, average import prices hit record highs at $3,674 per ton in 2016; however, from 2017 to 2022, import prices remained at a 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 Belgium ($5,338 per ton), while the price for India ($2,142 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+5.1%), while the prices for the other major suppliers experienced a decline.

Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Angola (FOB) - 2022

In 2022, the average export price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $650 per ton, remaining relatively unchanged against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.3%. The pace of growth was the most pronounced in 2016 an increase of 13%. The export price peaked at $685 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($776 per ton), while the average price for exports to Namibia ($108 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+7.7%), while the prices for the other major destinations experienced a decline.

Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Angola

For the fourth consecutive year, Angola recorded growth in purchases abroad of refined cane or beet sugar (with added flavoring or coloring matter), which increased by 4.4% to 180 tons in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +16.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 40% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) dropped to $436K in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 60% against the previous year.

Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to Angola in 2022:

1. Brazil (155.9 tons)
2. South Africa (16.3 tons)
3. Belgium (3.6 tons)
4. India (2.0 tons)
5. Namibia (1.1 tons)
6. Portugal (0.3 tons)

Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Angola

In 2022, approx. 2.2K tons of refined cane or beet sugar (with added flavoring or coloring matter) were exported from Angola; falling by -2.7% against 2021 figures. Over the period under review, exports recorded a abrupt decrease.

In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) shrank modestly to $1.4M in 2022. The total export value increased at an average annual rate of +1.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 3.8%.

Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from Angola in 2022:

1. Democratic Republic of the Congo (1796.8 tons)
2. Namibia (216.9 tons)
3. Spain (210.2 tons)

Source: IndexBox Market Intelligence Platform