Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in South Africa - 2023
Contents:
- Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in South Africa (FOB) - 2023
- Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in South Africa (CIF) - 2022
- Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in South Africa
- Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in South Africa
Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in South Africa (FOB) - 2023
The average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $645 per ton in December 2023, jumping by 24% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +2.2%. The growth pace was the most rapid in June 2023 when the average export price increased by 30% against the previous month. The export price peaked at $660 per ton in March 2023; however, from April 2023 to December 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was Zimbabwe ($813 per ton), while the average price for exports to the UK ($253 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Zimbabwe (+3.7%), 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 South Africa (CIF) - 2022
In 2022, the average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $670 per ton, rising by 13% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 30%. The import price peaked in 2022 and is likely to continue growth in years to come.
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 India ($1,053 per ton), while the price for Brazil ($360 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+23.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in South Africa
Exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose from South Africa shrank notably to 174K tons in 2022, with a decrease of -30.1% against the previous year. In general, exports continue to indicate a sharp decrease. The smallest decline of -27.4% was in 2021.
In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose dropped rapidly to $86M in 2022. Over the period under review, exports showed a dramatic downturn. The smallest decline of -14.9% was in 2021.
| Export of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 33.2 | 30.8 | 39.5 | 35.5 | 2.3% |
| United Kingdom | 22.6 | 16.5 | 10.2 | 20.9 | -2.6% |
| Mozambique | 64.9 | 27.9 | 27.7 | 10.3 | -45.9% |
| Botswana | 19.6 | 11.1 | 18.4 | 7.9 | -26.1% |
| Swaziland | 0.1 | 0.1 | 0.2 | 2.3 | 184.4% |
| Angola | 3.3 | 0.3 | 3.2 | 2.0 | -15.4% |
| Madagascar | 10.7 | 8.8 | 8.4 | 1.0 | -54.6% |
| Spain | 5.8 | 6.4 | 0.3 | N/A | -77.3% |
| Italy | 9.4 | 6.5 | N/A | N/A | -30.9% |
| Others | 25.5 | 26.6 | 7.0 | 5.6 | -39.7% |
| Total | 195 | 135 | 115 | 85.6 | -24.0% |
Top Export Markets for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose from South Africa in 2022:
- Namibia (60.7K tons)
- United Kingdom (47.1K tons)
- Mozambique (33.2K tons)
- Botswana (11.1K tons)
- Angola (8.0K tons)
- Swaziland (3.2K tons)
- Madagascar (2.1K tons)
Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in South Africa
In 2022, the amount of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose imported into South Africa reduced rapidly to 34K tons, which is down by -31% against 2021 figures. Over the period under review, imports recorded a precipitous decline.
In value terms, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose shrank rapidly to $23M in 2022. Overall, imports saw a dramatic setback.
| Import of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Swaziland | 35.6 | 17.5 | 14.4 | 15.3 | -24.5% |
| United Arab Emirates | 0.4 | 2.1 | 2.2 | 2.8 | 91.3% |
| Germany | N/A | 0.7 | 0.5 | 1.2 | 30.9% |
| Brazil | 7.5 | 13.1 | 6.0 | 0.8 | -52.6% |
| Botswana | N/A | N/A | 1.1 | 0.7 | -36.4% |
| Mauritius | 1.4 | 1.4 | 1.1 | 0.5 | -29.1% |
| Malawi | 1.7 | 1.4 | 1.7 | 0.4 | -38.3% |
| Zambia | 11.0 | 4.9 | 1.4 | 0.2 | -73.7% |
| Thailand | 1.8 | N/A | N/A | N/A | 0% |
| India | 6.3 | 3.2 | N/A | N/A | -49.2% |
| Others | 6.3 | 2.6 | 0.6 | 0.8 | -49.7% |
| Total | 72.1 | 47.1 | 29.0 | 22.6 | -32.1% |
Top Suppliers of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose to South Africa in 2022:
- Swaziland (22.4K tons)
- United Arab Emirates (4.0K tons)
- Brazil (2.1K tons)
- Germany (1.6K tons)
- Botswana (1.2K tons)
- Malawi (0.8K tons)
- Mauritius (0.8K tons)
- Zambia (0.3K tons)
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