Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Saudi Arabia - 2022
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Saudi Arabia (FOB) - 2022
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Saudi Arabia
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Saudi Arabia (FOB) - 2022
The average export price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $1,710 per ton in 2022, with a decrease of -2.1% against the previous year. Over the period under review, the export price showed a mild slump. The pace of growth appeared the most rapid in 2019 an increase of 48% against the previous year. The export price peaked at $2,730 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($7,709 per ton), while the average price for exports to the United Arab Emirates ($1,474 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 Bahrain (+8.8%), while the prices for the other major destinations experienced a decline.
Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Saudi Arabia
In 2022, overseas shipments of refined cane or beet sugar (with added flavoring or coloring matter) decreased by -7.7% to 928 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 672% against the previous year.
In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) shrank to $1.6M in 2022. Overall, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 442%.
| Export of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 115 | 516 | 457 | 1,284 | 123.5% |
| Bahrain | 128 | 113 | 116 | 220 | 19.8% |
| Jordan | 19.2 | N/A | N/A | 44.7 | 32.5% |
| Oman | N/A | 86.0 | 89.0 | 38.5 | -33.1% |
| Yemen | N/A | 11.3 | 78.5 | N/A | 594.7% |
| Others | N/A | 692 | 1,017 | N/A | 47.0% |
| Total | 262 | 1,418 | 1,757 | 1,587 | 82.3% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from Saudi Arabia in 2022:
- United Arab Emirates (871.2 tons)
- Bahrain (28.5 tons)
- Jordan (15.4 tons)
- Oman (13.3 tons)
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