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

Contents:

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

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

The average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $474 per ton in 2022, growing by 2.6% against the previous year. Over the period under review, the import price, however, saw a noticeable curtailment. The pace of growth appeared the most rapid in 2019 when the average import price increased by 33% against the previous year. The import price peaked at $708 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Thailand ($719 per ton), while the price for Algeria ($288 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+0.7%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $501 per ton, rising by 4.4% against the previous year. Overall, the export price, however, showed a drastic downturn. The export price peaked at $867 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2012 to 2022, the rate of growth in terms of prices for Azerbaijan amounted to +2.0% per year.

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

In 2022, the amount of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose imported into Iraq declined sharply to 53K tons, which is down by -45.5% against 2021. Over the period under review, imports, however, posted significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 905%. As a result, imports reached the peak of 98K tons, and then dropped sharply in the following year.

In value terms, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose reduced dramatically to $25M in 2022. Overall, imports, however, posted significant growth. The growth pace was the most rapid in 2021 with an increase of 742%. As a result, imports reached the peak of $45M, and then shrank notably in the following year.

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

1. Iran (29.5K tons)
2. Turkey (5.1K tons)
3. Thailand (5.0K tons)
4. Algeria (4.0K tons)
5. United Arab Emirates (2.7K tons)
6. Belgium (2.0K tons)
7. Brazil (1.7K tons)

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

In 2022, overseas shipments of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose decreased by -31.5% to 125 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 171%. As a result, the exports reached the peak of 182 tons, and then declined remarkably in the following year.

In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose dropped sharply to $62K in 2022. In general, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 133%. As a result, the exports attained the peak of $87K, and then declined significantly in the following year.

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

1. Turkey (124.6 tons)

Source: IndexBox Market Intelligence Platform