Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Ethiopia - 2022

Contents:

1. Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Ethiopia (CIF) - 2022
2. Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Ethiopia (FOB) - 2022
3. Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Ethiopia
4. Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Ethiopia

Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Ethiopia (CIF) - 2022

The average import price for raw cane sugar (without flavoring or coloring matter, other) stood at $452 per ton in 2022, picking up by 7.1% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 69% against the previous year. Over the period under review, average import prices hit record highs at $509 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($563 per ton), while the price for India ($448 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Ethiopia (FOB) - 2022

In 2022, the average export price for raw cane sugar (without flavoring or coloring matter, other) amounted to $3,750 per ton, therefore, remained relatively stable against the previous year. Overall, the export price posted a mild expansion. The pace of growth appeared the most rapid in 2019 when the average export price increased by 1%. The export price peaked in 2022 and is likely to continue growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Ireland.

From 2018 to 2022, the rate of growth in terms of prices for Ireland amounted to 0.0% per year.

Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Ethiopia

Imports of raw cane sugar (without flavoring or coloring matter, other) into Ethiopia expanded notably to 1M tons in 2022, growing by 11% compared with the previous year. In general, imports showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 199% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) soared to $466M in 2022. Overall, imports posted a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 405%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to Ethiopia in 2022:

1. India (991.3K tons)
2. United Arab Emirates (22.1K tons)

Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Ethiopia

Exports of raw cane sugar (without flavoring or coloring matter, other) from Ethiopia stood at 16 kg in 2022, approximately equating the year before. Overall, exports continue to indicate a precipitous decline. The smallest decline of -85.9% was in 2020.

In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) amounted to $60 in 2022. In general, exports continue to indicate a sharp slump. The smallest decline of -86.3% was in 2020.

Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from Ethiopia in 2022:

1. Ireland (16.0 kg)

Source: IndexBox Market Intelligence Platform