Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Kenya - 2022
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Kenya (CIF) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Kenya (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Kenya
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Kenya
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Kenya (CIF) - 2022
The average import price for raw cane sugar (without flavoring or coloring matter, other) stood at $619 per ton in 2022, jumping by 18% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 22%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.
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 Uganda ($731 per ton), while the price for Mauritius ($477 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uganda (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Kenya (FOB) - 2022
In 2022, the average export price for raw cane sugar (without flavoring or coloring matter, other) amounted to $1,448 per ton, approximately equating the previous year. Overall, the export price, however, saw a deep reduction. The growth pace was the most rapid in 2020 an increase of 84% against the previous year. The export price peaked at $5,442 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($1,503 per ton), while the average price for exports to Niger ($280 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (-10.6%), while the prices for the other major destinations experienced a decline.
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Kenya
In 2022, overseas purchases of raw cane sugar (without flavoring or coloring matter, other) decreased by -71.4% to 14K tons, falling for the second year in a row after two years of growth. In general, imports faced a sharp contraction. The most prominent rate of growth was recorded in 2020 with an increase of 28% against the previous year. As a result, imports reached the peak of 134K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) fell markedly to $8.6M in 2022. Overall, imports faced a precipitous shrinkage. The growth pace was the most rapid in 2020 when imports increased by 29% against the previous year. As a result, imports reached the peak of $71M. 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 Kenya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Swaziland | 12.3 | 12.9 | 4.5 | 4.0 | -31.2% |
| Uganda | 0.4 | 1.9 | 1.1 | 2.4 | 81.7% |
| Mauritius | 4.8 | 3.9 | 1.9 | 1.9 | -26.6% |
| Zambia | 7.4 | 8.1 | 2.0 | 0.2 | -70.0% |
| Malawi | 6.9 | 9.6 | 4.3 | N/A | -21.1% |
| Thailand | 5.3 | 0.7 | 3.2 | N/A | -22.3% |
| Mozambique | 3.8 | 4.8 | 0.5 | N/A | -63.7% |
| Zimbabwe | 5.9 | 13.4 | 1.0 | N/A | -58.8% |
| United Arab Emirates | 4.3 | 5.6 | 3.8 | N/A | -6.0% |
| Brazil | 1.7 | 4.4 | 1.4 | N/A | -9.3% |
| Others | 2.4 | 5.9 | 1.6 | N/A | -18.4% |
| Total | 55.4 | 71.2 | 25.3 | 8.6 | -46.3% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to Kenya in 2022:
- Swaziland (6.0K tons)
- Mauritius (4.0K tons)
- Uganda (3.3K tons)
- Zambia (0.5K tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Kenya
Exports of raw cane sugar (without flavoring or coloring matter, other) from Kenya skyrocketed to 68 tons in 2022, jumping by 48% against the previous year. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 155%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) soared to $98K in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 163%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in the immediate term.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malawi | 4.0 | 9.4 | 24.4 | 55.8 | 140.7% |
| Rwanda | 1.1 | 5.5 | 23.5 | 33.8 | 213.2% |
| Democratic Republic of the Congo | 1.1 | 3.9 | 2.5 | 7.4 | 88.8% |
| Zambia | 1.6 | 3.1 | 7.1 | N/A | 110.7% |
| Tanzania | 1.3 | 2.9 | 6.6 | N/A | 125.3% |
| Others | 0.4 | 0.2 | 1.5 | 1.5 | 55.4% |
| Total | 9.5 | 25.0 | 65.5 | 98.5 | 118.1% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from Kenya in 2022:
- Malawi (38.5 tons)
- Rwanda (24.1 tons)
- Democratic Republic of the Congo (4.9 tons)
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