Price for Food Preparations Not Elsewhere Specified or Included in Sudan - 2022

Contents:

1. Price for Food Preparations Not Elsewhere Specified or Included in Sudan (CIF) - 2022
2. Price for Food Preparations Not Elsewhere Specified or Included in Sudan (FOB) - 2022
3. Imports of Food Preparations Not Elsewhere Specified or Included in Sudan
4. Exports of Food Preparations Not Elsewhere Specified or Included in Sudan

Price for Food Preparations Not Elsewhere Specified or Included in Sudan (CIF) - 2022

In 2022, the average import price for food preparations not elsewhere specified or included amounted to $3,727 per ton, falling by -2.1% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 18% against the previous year. The import price peaked at $3,807 per ton in 2021, and then dropped in the following year.

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 Swaziland ($7,957 per ton), while the price for Vietnam ($1,270 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Food Preparations Not Elsewhere Specified or Included in Sudan (FOB) - 2022

In 2022, the average export price for food preparations not elsewhere specified or included amounted to $5,105 per ton, rising by 15% against the previous year. Overall, the export price enjoyed tangible growth. The most prominent rate of growth was recorded in 2018 an increase of 51% against the previous year. As a result, the export price attained the peak level of $8,476 per ton. From 2019 to 2022, the average export prices remained at a somewhat 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 South Korea ($19,442 per ton), while the average price for exports to the UK ($315 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 Ethiopia (+20.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Food Preparations Not Elsewhere Specified or Included in Sudan

In 2022, overseas purchases of food preparations not elsewhere specified or included decreased by -1.2% to 10K tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +4.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 17% against the previous year. As a result, imports attained the peak of 11K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of food preparations not elsewhere specified or included fell slightly to $39M in 2022. The total import value increased at an average annual rate of +4.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 11%.

Top Suppliers of Food Preparations Not Elsewhere Specified or Included to Sudan in 2022:

1. France (1549.7 tons)
2. United States (1245.6 tons)
3. United Arab Emirates (1058.3 tons)
4. Argentina (751.8 tons)
5. Ukraine (609.9 tons)
6. India (606.1 tons)
7. Vietnam (553.9 tons)
8. Egypt (509.7 tons)
9. Saudi Arabia (481.0 tons)
10. China (389.4 tons)
11. Madagascar (333.0 tons)
12. Swaziland (321.6 tons)
13. United Kingdom (245.5 tons)

Exports of Food Preparations Not Elsewhere Specified or Included in Sudan

In 2022, after three years of growth, there was significant decline in overseas shipments of food preparations not elsewhere specified or included, when their volume decreased by -31.2% to 82 tons. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 84% against the previous year. As a result, the exports reached the peak of 119 tons, and then fell remarkably in the following year.

In value terms, exports of food preparations not elsewhere specified or included contracted rapidly to $416K in 2022. Over the period under review, exports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 73% against the previous year. As a result, the exports attained the peak of $528K, and then contracted dramatically in the following year.

Top Export Markets for Food Preparations Not Elsewhere Specified or Included from Sudan in 2022:

1. Ethiopia (33.3 tons)
2. France (12.5 tons)
3. Uganda (7.9 tons)
4. Morocco (6.8 tons)
5. Australia (6.6 tons)
6. United Arab Emirates (6.6 tons)
7. South Korea (2.7 tons)

Source: IndexBox Market Intelligence Platform