Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Egypt - 2023

Contents:

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

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

The average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $597 per ton in 2022, surging by 11% against the previous year. In general, the export price, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2020 an increase of 29%. Over the period under review, the average export prices hit record highs at $747 per ton in 2012; however, from 2013 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 highest price was recorded for prices to Tanzania ($597 per ton) and Djibouti ($597 per ton), while the average price for exports to Sudan ($597 per ton) and Syrian Arab Republic ($597 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $721 per ton, picking up by 22% against the previous year. Overall, the import price, however, continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2016 an increase of 44%. Over the period under review, average import prices reached the peak figure at $886 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Poland ($721 per ton) and Brazil ($721 per ton), while the price for France ($721 per ton) and Belgium ($721 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-2.0%), while the prices for the other major suppliers experienced a decline.

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

In 2022, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose from Egypt soared to 255K tons, picking up by 19% against the previous year. The total export volume increased at an average annual rate of +4.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose soared to $152M in 2022. In general, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +22.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +82.3% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Egypt (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey1.83.50.334.3167.1%
Palestine5.8N/A0.731.676.0%
Lebanon2.86.75.624.0104.7%
Syrian Arab RepublicN/AN/AN/A11.70%
Yemen24.022.19.49.3-27.1%
Tanzania4.41.43.25.89.6%
Kenya13.64.08.45.4-26.5%
DjiboutiN/A0.1N/A3.3474.5%
GeorgiaN/AN/AN/A2.70%
Rwanda0.80.51.32.546.2%
MontenegroN/AN/AN/A2.30%
Uganda8.57.313.61.9-39.3%
Sudan3.114.557.31.4-23.3%
Others18.642.415.416.2-4.5%
Total83.610211515222.1%

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

  1. Turkey (57.5K tons)
  2. Palestine (52.8K tons)
  3. Lebanon (40.1K tons)
  4. Syrian Arab Republic (19.5K tons)
  5. Yemen (15.6K tons)
  6. Tanzania (9.7K tons)
  7. Kenya (9.1K tons)
  8. Djibouti (5.4K tons)
  9. Georgia (4.6K tons)
  10. Rwanda (4.2K tons)
  11. Montenegro (3.8K tons)
  12. Uganda (3.2K tons)
  13. Sudan (2.3K tons)

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

In 2022, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose into Egypt contracted significantly to 36K tons, falling by -35.7% against the previous year's figure. Over the period under review, imports continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2021 when imports increased by 24%.

In value terms, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose dropped remarkably to $26M in 2022. In general, imports faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 33%.

Import of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Egypt (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
France60.110.214.38.3-48.3%
Poland35.39.412.66.6-42.8%
Germany5.81.93.35.2-3.6%
Netherlands5.92.32.04.9-6.0%
Belgium11.10.4N/A0.3-70.0%
Others2.20.80.90.6-35.2%
Total12024.933.125.9-40.0%

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

  1. France (11.6K tons)
  2. Poland (9.2K tons)
  3. Germany (7.2K tons)
  4. Netherlands (6.8K tons)
  5. Belgium (0.4K tons)

Source: IndexBox Market Intelligence Platform

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