Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Angola - 2022
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Angola (CIF) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Angola (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Angola
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Angola
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Angola (CIF) - 2022
The average import price for raw cane sugar (without flavoring or coloring matter, other) stood at $645 per ton in December 2022, picking up by 12% against the previous month. Over the period under review, the import price, however, saw a abrupt decline. The pace of growth appeared the most rapid in August 2022 when the average import price increased by 341% m-o-m. Over the period under review, average import prices hit record highs at $4,061 per ton in December 2021; however, from January 2022 to December 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Portugal ($3,021 per ton), while the price for Brazil stood at $593 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Brazil (+0.9%).
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Angola (FOB) - 2022
In 2022, the average export price for raw cane sugar (without flavoring or coloring matter, other) amounted to $347 per ton, which is down by -2.6% against the previous year. Over the period under review, the export price showed a perceptible curtailment. The growth pace was the most rapid in 2016 an increase of 13% against the previous year. As a result, the export price reached the peak level of $504 per ton. From 2017 to 2022, the average export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Namibia ($508 per ton), while the average price for exports to Democratic Republic of the Congo stood at $344 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (-2.9%).
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Angola
In 2022, after three years of growth, there was significant decline in supplies from abroad of raw cane sugar (without flavoring or coloring matter, other), when their volume decreased by -16.8% to 9.3K tons. In general, imports, however, saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 79%.
In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) contracted notably to $4.6M in 2022. Over the period under review, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year. As a result, imports reached the peak of $5.5M, and then fell markedly in the following year.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Angola (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 1.8 | 2.8 | 5.3 | 4.4 | 34.7% |
| Mozambique | N/A | 0.6 | N/A | N/A | 0% |
| Others | 0.6 | 0.2 | 0.2 | 0.2 | -30.7% |
| Total | 2.4 | 3.6 | 5.5 | 4.6 | 24.2% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to Angola in 2022:
- Brazil (9.1K tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Angola
In 2022, approx. 1.5K tons of raw cane sugar (without flavoring or coloring matter, other) were exported from Angola; growing by 30% against 2021. Over the period under review, total exports indicated a perceptible increase from 2019 to 2022: its volume increased at an average annual rate of +3.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -18.9% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 37% against the previous year. As a result, the exports attained the peak of 1.9K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) soared to $535K in 2022. In general, exports, however, showed a pronounced descent.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 563 | 637 | 413 | 522 | -2.5% |
| Namibia | 14.8 | 12.2 | 8.0 | 13.2 | -3.7% |
| Others | 0.5 | 0.1 | 0.3 | N/A | -22.5% |
| Total | 578 | 649 | 421 | 535 | -2.5% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from Angola in 2022:
- Democratic Republic of the Congo (1516.4 tons)
- Namibia (26.0 tons)
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