Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Ethiopia - 2022
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Ethiopia (CIF) - 2022
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Ethiopia
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Ethiopia (CIF) - 2022
In 2022, the average import price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $2,492 per ton, shrinking by -18.8% against the previous year. Over the period under review, the import price, however, showed a modest expansion. The growth pace was the most rapid in 2018 when the average import price increased by 71%. Over the period under review, average import prices hit record highs at $3,069 per ton in 2021, and then shrank markedly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($3,240 per ton), while the price for Belgium stood at $1,647 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (-6.7%), while the prices for the other major suppliers experienced a decline.
Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Ethiopia
In 2022, supplies from abroad of refined cane or beet sugar (with added flavoring or coloring matter) increased by 9,146% to 716 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) skyrocketed to $1.8M in 2022. Overall, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.1 | 25.3 | 0.2 | 1,225 | 568.5% |
| Belgium | N/A | N/A | N/A | 555 | 0% |
| Egypt | 29.6 | 71.9 | 10.7 | N/A | -39.9% |
| South Africa | 11.6 | 51.3 | 12.5 | N/A | 3.8% |
| Brazil | 83.0 | N/A | N/A | N/A | 0% |
| Others | 0.7 | 2.2 | 0.4 | 3.7 | 74.2% |
| Total | 129 | 151 | 23.8 | 1,783 | 140.0% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to Ethiopia in 2022:
- United States (378.0 tons)
- Belgium (337.0 tons)
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