Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Libya - 2022
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Libya (CIF) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Libya
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Libya (CIF) - 2022
The average import price for raw cane sugar (without flavoring or coloring matter) stood at $1,467 per ton in 2022, therefore, remained relatively stable against the previous year. Over the period from 2019 to 2022, it increased at an average annual rate of +8.3%. The pace of growth was the most pronounced in 2020 when the average import price increased by 25% against the previous year. Over the period under review, average import prices hit record highs at $1,475 per ton in 2021, and then contracted modestly in the following year.
As there is only one major supplying country, the average price level is determined by prices for Italy.
From 2019 to 2022, the rate of growth in terms of prices for Italy amounted to +0.7% per year.
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Libya
In 2022, after three years of growth, there was significant decline in overseas purchases of raw cane sugar (without flavoring or coloring matter), when their volume decreased by -27.5% to 257 tons. Over the period under review, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 4,721% against the previous year.
In value terms, imports of raw cane sugar (without flavoring or coloring matter) dropped rapidly to $376K in 2022. Overall, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 5,943%.
Import of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Libya (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | N/A | 230 | 522 | 376 | 27.9% |
Others | 3.8 | N/A | 0.8 | 0.1 | -70.3% |
Total | 3.8 | 230 | 522 | 376 | 362.5% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter) to Libya in 2022:
- Italy (256.6 tons)
This report provides an in-depth analysis of the sugar market in Libya.
This report provides an in-depth analysis of the sugar market in Libya.
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This report provides an in-depth analysis of the sugar market in Libya.
This report provides an in-depth analysis of the sugar market in Libya.
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In value terms, cane and beet sugar and sucrose imports totaled $X in 2016. Overall, it indicated a perceptible growth from 2007 to 2016: the total imports value increased at an average annual rate ...
In value terms, cane and beet sugar and sucrose exports totaled $X in 2016. Overall, it indicated a strong growth from 2007 to 2016: the total exports value increased at an average annual rate of +X>
Discover the top import markets for sugar, including China, the United States, Indonesia, Bangladesh, and South Korea, and their importance in meeting global sugar demand. Gain valuable insights from the IndexBox market report on the sugar industry.
This year, world sugar production is expected to rise by 3% to 193M tons. The growth will be encouraged by favorable weather conditions in most of the largest producing countries, as well as the providing exemptions on the neonicotinoid usage against plant diseases and blights in France, Germany and the UK. The drop in sugar production and shipments from Brazil will be offset by large volumes coming from Thailand, which will boost global exports by +2.6% y-o-y. The increased supply in the world market is to keep sugar prices relatively stable over the next two years.