Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Ghana - 2022
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Ghana (CIF) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Ghana (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Ghana
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Ghana
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Ghana (CIF) - 2022
In 2022, the average import price for raw cane sugar (without flavoring or coloring matter, other) amounted to $324 per ton, waning by -6.9% against the previous year. Over the period under review, the import price recorded a abrupt decline. The pace of growth was the most pronounced in 2021 when the average import price increased by 12% against the previous year. Over the period under review, average import prices hit record highs at $606 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Guatemala ($361 per ton), while the price for Brazil stood at $46 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (-5.0%).
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Ghana (FOB) - 2022
In 2022, the average export price for raw cane sugar (without flavoring or coloring matter, other) amounted to $7,976 per ton, stabilizing at the previous year. Overall, the export price recorded a significant increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 726%. The export price peaked at $10,333 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Botswana ($9,610 per ton), while the average price for exports to the United Arab Emirates stood at $6,341 per ton.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (0.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Ghana
Imports of raw cane sugar (without flavoring or coloring matter, other) into Ghana expanded rapidly to 19K tons in 2022, with an increase of 8.2% against 2021. In general, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +23.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -4.8% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 96%. As a result, imports reached the peak of 20K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) reached $6.1M in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +24.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -0.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 93% against the previous year. As a result, imports reached the peak of $6.2M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Ghana (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 3.1 | 6.0 | 5.9 | 6.0 | 24.6% |
| Brazil | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 3.2 | 6.2 | 6.1 | 6.1 | 24.0% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to Ghana in 2022:
- Guatemala (16.6K tons)
- Brazil (2.2K tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Ghana
In 2022, shipments abroad of raw cane sugar (without flavoring or coloring matter, other) decreased by 0% to 82 kg, falling for the second year in a row after two years of growth. Overall, exports saw notable growth. The pace of growth was the most pronounced in 2020 with an increase of 5.2%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) stood at $654 in 2022. Over the period under review, exports saw a prominent expansion. The growth pace was the most rapid in 2020 when exports increased by 97% against the previous year. As a result, the exports attained the peak of $837. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Ghana (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Botswana | N/A | N/A | N/A | 394 | 0% |
| United Arab Emirates | N/A | N/A | N/A | 260 | 0% |
| Nigeria | N/A | 837 | N/A | N/A | 0% |
| Burkina Faso | 424 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 424 | 837 | N/A | 654 | 15.5% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from Ghana in 2022:
- United Arab Emirates (41.0 kg)
- Botswana (41.0 kg)
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