Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Egypt - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Egypt (CIF) - 2023
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Egypt (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Egypt
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Egypt
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Egypt (CIF) - 2023
The average import price for raw cane sugar (without flavoring or coloring matter) stood at $1,500 per ton in November 2023, approximately reflecting the previous month. Overall, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level of $1,552 per ton. From February 2023 to November 2023, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Brazil.
From January 2023 to November 2023, the rate of growth in terms of prices for Brazil amounted to -0.3% per month.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Egypt (FOB) - 2022
In 2022, the average export price for raw cane sugar (without flavoring or coloring matter) amounted to $1,185 per ton, shrinking by -10.4% against the previous year. In general, the export price, however, saw a buoyant increase. The export price peaked at $1,323 per ton in 2021, and then reduced in the following year.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Lebanon ($1,185 per ton), while the average price for exports to Palestine totaled $1,185 per ton.
From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ethiopia (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Egypt
In 2022, approx. 66K tons of raw cane sugar (without flavoring or coloring matter) were imported into Egypt; reducing by -8.4% compared with 2021 figures. Overall, imports saw a sharp downturn. The pace of growth was the most pronounced in 2021 with an increase of 972%.
In value terms, imports of raw cane sugar (without flavoring or coloring matter) surged to $103M in 2022. In general, imports continue to indicate a sharp decline. The most prominent rate of growth was recorded in 2021 when imports increased by 686%.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 219 | 9.5 | 74.6 | 103 | -22.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 219 | 9.5 | 74.6 | 103 | -22.2% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter) to Egypt in 2022:
- Brazil (66.2K tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Egypt
In 2022, exports of raw cane sugar (without flavoring or coloring matter) from Egypt surged to 580 tons, increasing by 4,009% against the previous year. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of raw cane sugar (without flavoring or coloring matter) soared to $687K in 2022. Overall, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Lebanon | N/A | 404 | 0% | ||
| Palestine | N/A | 284 | 0% | ||
| Kenya | 14.0 | N/A | 0% | ||
| Others | 4.7 | N/A | 0% | ||
| Total | 18.7 | 687 | 3573.8% | ||
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter) from Egypt in 2022:
- Lebanon (340.6 tons)
- Palestine (239.4 tons)
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