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

Contents:

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

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

In 2022, the average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $781 per ton, jumping by 50% against the previous year. Over the period under review, the import price, however, showed a mild shrinkage. Over the period under review, average import prices reached the maximum at $941 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Saudi Arabia ($2,018 per ton), while the price for India ($731 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-1.3%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $698 per ton, with an increase of 46% against the previous year. Over the period under review, the export price showed a mild expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by 1,183%. As a result, the export price attained the peak level of $6,479 per ton. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($1,772 per ton), while the average price for exports to Yemen ($594 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 Yemen (+6.3%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, overseas purchases of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose decreased by -12.4% to 78K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a pronounced slump. The most prominent rate of growth was recorded in 2020 with an increase of 9% against the previous year. As a result, imports attained the peak of 98K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose surged to $61M in 2022. The total import value increased at an average annual rate of +9.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. United Arab Emirates (58.2K tons)
2. India (14.5K tons)
3. Saudi Arabia (3.0K tons)
4. Morocco (0.5K tons)

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

In 2022, shipments abroad of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose decreased by -45% to 1.2K tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a dramatic curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 30%. As a result, the exports attained the peak of 4.2K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose declined rapidly to $806K in 2022. In general, exports saw a sharp downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 6.2%. As a result, the exports attained the peak of $1.8M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

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

1. Yemen (754.8 tons)
2. Somalia (196.2 tons)
3. Qatar (102.0 tons)
4. Bahrain (93.2 tons)
5. United Arab Emirates (0.1 tons)

Source: IndexBox Market Intelligence Platform