Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Cameroon - 2022

Contents:

1. Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Cameroon (CIF) - 2022
2. Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Cameroon (FOB) - 2022
3. Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Cameroon
4. Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Cameroon

Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Cameroon (CIF) - 2022

In 2022, the average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $511 per ton, standing approx. at the previous year. Over the period under review, the import price, however, continues to indicate a noticeable decline. The growth pace was the most rapid in 2018 an increase of 16% against the previous year. Over the period under review, average import prices hit record highs at $709 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 countries with the highest prices were Germany ($565 per ton) and Brazil ($526 per ton), while the price for Morocco ($424 per ton) and the Netherlands ($466 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (-0.2%), while the prices for the other major suppliers experienced a decline.

Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Cameroon (FOB) - 2022

In 2022, the average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $1,360 per ton, rising by 7.1% against the previous year. Overall, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose decreased by -30.8% against 2020 indices. The most prominent rate of growth was recorded in 2016 an increase of 40% against the previous year. The export price peaked at $1,966 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Gabon ($1,386 per ton), while the average price for exports to Congo stood at $1,335 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chad (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Cameroon

In 2022, after three years of growth, there was decline in supplies from abroad of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose, when their volume decreased by -3.7% to 96K tons. The total import volume increased at an average annual rate of +12.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 36%.

In value terms, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose shrank slightly to $49M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +17.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 55% against the previous year.

Top Suppliers of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose to Cameroon in 2022:

1. Brazil (63.8K tons)
2. France (19.9K tons)
3. Morocco (3.1K tons)
4. Netherlands (3.0K tons)
5. Belgium (2.3K tons)
6. Germany (1.7K tons)

Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Cameroon

In 2022, overseas shipments of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose decreased by -42.5% to 254 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, posted significant growth. The growth pace was the most rapid in 2021 when exports increased by 570% against the previous year. As a result, the exports reached the peak of 442 tons, and then shrank sharply in the following year.

In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose reduced remarkably to $345K in 2022. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 332% against the previous year. As a result, the exports attained the peak of $561K, and then fell sharply in the following year.

Top Export Markets for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose from Cameroon in 2022:

1. Congo (126.9 tons)
2. Gabon (126.8 tons)

Source: IndexBox Market Intelligence Platform