Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Egypt - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Egypt (CIF) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Egypt
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Egypt (CIF) - 2022
In 2022, the average import price for raw cane sugar (without flavoring or coloring matter, other) amounted to $351 per ton, surging by 3.4% against the previous year. In general, the import price, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2021 an increase of 25%. Over the period under review, average import prices attained the peak figure at $518 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Brazil.
From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to -3.8% per year.
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Egypt
In 2022, after three years of growth, there was significant decline in purchases abroad of raw cane sugar (without flavoring or coloring matter, other), when their volume decreased by -81.3% to 175K tons. Overall, imports saw a dramatic decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 40%.
In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) fell notably to $61M in 2022. In general, imports saw a precipitous shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 40% against the previous year.
Import of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Egypt (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | 181 | 254 | 317 | 61.2 | -30.3% |
Others | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
Total | 182 | 254 | 317 | 61.2 | -30.5% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to Egypt in 2022:
- Brazil (174.5K tons)
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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.