Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in South Africa - 2023
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in South Africa (FOB) - 2022
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in South Africa (CIF) - 2022
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in South Africa
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in South Africa
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in South Africa (FOB) - 2022
The average export price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $903 per ton in 2022, dropping by -43.8% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average export price increased by 154%. As a result, the export price reached the peak level of $2,585 per ton. From 2016 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mozambique ($2,568 per ton), while the average price for exports to Zimbabwe ($750 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 Botswana (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in South Africa (CIF) - 2022
The average import price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $1,116 per ton in 2022, dropping by -35.9% against the previous year. In general, the import price, however, enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2021 an increase of 156% against the previous year. As a result, import price reached the peak level of $1,741 per ton, and then declined rapidly in the following year.
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 Germany ($2,419 per ton), while the price for Swaziland totaled $657 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Swaziland (-0.8%), while the prices for the other major suppliers experienced a decline.
Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in South Africa
In 2022, exports of refined cane or beet sugar (with added flavoring or coloring matter) from South Africa soared to 642 tons, rising by 421% against 2021. Over the period under review, exports enjoyed significant growth.
In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) surged to $580K in 2022. In general, exports continue to indicate buoyant growth.
| Export of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zimbabwe | 1.1 | 174 | 16.2 | 292 | 542.7% |
| Namibia | 217 | 24.9 | 70.0 | 168 | -8.2% |
| Swaziland | 26.2 | 32.7 | 16.6 | 56.5 | 29.2% |
| Botswana | 41.1 | 36.2 | 42.0 | 42.9 | 1.4% |
| Mozambique | 50.6 | 575 | 2.2 | 5.9 | -51.1% |
| Lesotho | 22.1 | 0.5 | 3.1 | 2.4 | -52.3% |
| Madagascar | 20.4 | N/A | N/A | N/A | 0% |
| Others | 88.9 | 81.5 | 47.9 | 11.8 | -49.0% |
| Total | 467 | 925 | 198 | 580 | 7.5% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from South Africa in 2022:
- Zimbabwe (389.5 tons)
- Namibia (176.3 tons)
- Swaziland (49.0 tons)
- Botswana (20.4 tons)
- Mozambique (2.3 tons)
- Lesotho (2.2 tons)
Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in South Africa
In 2022, purchases abroad of refined cane or beet sugar (with added flavoring or coloring matter) was finally on the rise to reach 51 tons after two years of decline. Overall, imports, however, recorded a sharp shrinkage.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) soared to $57K in 2022. In general, imports, however, showed a dramatic setback.
| Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Swaziland | 34.3 | 125 | 2.0 | 26.9 | -7.8% |
| Germany | 7.0 | 24.1 | 21.1 | 22.7 | 48.0% |
| Brazil | 8.3 | 1.6 | 6.7 | 0.3 | -66.9% |
| Zambia | 187 | 40.2 | N/A | N/A | -78.5% |
| Others | 13.6 | 3.0 | 5.8 | 6.8 | -20.6% |
| Total | 250 | 194 | 35.5 | 56.7 | -39.0% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to South Africa in 2022:
- Swaziland (41.0 tons)
- Germany (9.4 tons)
- Brazil (0.3 tons)
295
This report provides an in-depth analysis of the market for flavoured refined cane sugar in South Africa.
205
This report provides an in-depth analysis of the sugar market in South Africa.
309
This report provides an in-depth analysis of the raw cane sugar market in South Africa.
293
This report provides an in-depth analysis of the refined cane sugar market in South Africa.
441
This report provides an in-depth analysis of the market for refined white cane sugar in South Africa.
885
This report provides an in-depth analysis of the sugar market in South Africa.
612
Global Flavoured Refined Cane Sugar Market Report 2018. This report provides an in-depth analysis of the global market for flavoured refined cane sugar.
156
This report provides an in-depth analysis of the global sugar market.
742
Global Raw Cane Sugar Market Report 2018. This report provides an in-depth analysis of the global raw cane sugar market.
606
Global Refined Cane Sugar Market Report 2018. This report provides an in-depth analysis of the global refined cane sugar market.
1365
In value terms, cane and beet sugar and sucrose imports totaled $X in 2016. Overall, it indicated a perceptible growth from 2007 to 2016: the total imports value increased at an average annual rate ...
1735
In value terms, cane and beet sugar and sucrose exports totaled $X in 2016. Overall, it indicated a strong growth from 2007 to 2016: the total exports value increased at an average annual rate of +X>
345
Discover the top import markets for sugar, including China, the United States, Indonesia, Bangladesh, and South Korea, and their importance in meeting global sugar demand. Gain valuable insights from the IndexBox market report on the sugar industry.
1406
This year, world sugar production is expected to rise by 3% to 193M tons. The growth will be encouraged by favorable weather conditions in most of the largest producing countries, as well as the providing exemptions on the neonicotinoid usage against plant diseases and blights in France, Germany and the UK. The drop in sugar production and shipments from Brazil will be offset by large volumes coming from Thailand, which will boost global exports by +2.6% y-o-y. The increased supply in the world market is to keep sugar prices relatively stable over the next two years.
1119
The global sugar market rose to $105.3B in 2019, surging by 1.9% against the previous year. This figure reflects the...
982
The global sugar market revenue amounted to $99.9B in 2017, increasing by 13% against the previous year. This figure refle...
1365
In value terms, cane and beet sugar and sucrose imports totaled $X in 2016. Overall, it indicated a perceptible growth from 2007 to 2016: the total imports value increased at an average annual rate ...
1735
In value terms, cane and beet sugar and sucrose exports totaled $X in 2016. Overall, it indicated a strong growth from 2007 to 2016: the total exports value increased at an average annual rate of +X>
345
Discover the top import markets for sugar, including China, the United States, Indonesia, Bangladesh, and South Korea, and their importance in meeting global sugar demand. Gain valuable insights from the IndexBox market report on the sugar industry.
1406
This year, world sugar production is expected to rise by 3% to 193M tons. The growth will be encouraged by favorable weather conditions in most of the largest producing countries, as well as the providing exemptions on the neonicotinoid usage against plant diseases and blights in France, Germany and the UK. The drop in sugar production and shipments from Brazil will be offset by large volumes coming from Thailand, which will boost global exports by +2.6% y-o-y. The increased supply in the world market is to keep sugar prices relatively stable over the next two years.
