Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Oman - 2022
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Oman (CIF) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Oman (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Oman
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Oman
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Oman (CIF) - 2022
The average import price for raw cane sugar (without flavoring or coloring matter, other) stood at $752 per ton in 2022, waning by -4.6% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 71%. As a result, import price attained the peak level of $1,302 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($744 per ton) and Brazil ($744 per ton), while the price for Morocco ($744 per ton) and the United Arab Emirates ($744 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+5.6%), 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 Oman (FOB) - 2022
In 2022, the average export price for raw cane sugar (without flavoring or coloring matter, other) amounted to $628 per ton, growing by 97% against the previous year. Overall, the export price, however, recorded a deep slump. The export price peaked at $1,744 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($1,770 per ton), while the average price for exports to Yemen ($520 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 Yemen (+9.3%), while the prices for the other major destinations experienced a decline.
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Oman
For the fourth year in a row, Oman recorded growth in purchases abroad of raw cane sugar (without flavoring or coloring matter, other), which increased by 150% to 29K tons in 2022. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 468%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) surged to $22M in 2022. In general, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 320% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 0.1 | 0.8 | 6.7 | 17.3 | 457.2% |
| Morocco | N/A | N/A | N/A | 2.7 | 0% |
| United Arab Emirates | 0.1 | 0.7 | 1.2 | 0.9 | 108.0% |
| Brazil | N/A | N/A | N/A | 0.3 | 0% |
| Others | 0.5 | 1.3 | 1.2 | 0.5 | 0.0% |
| Total | 0.7 | 2.8 | 9.1 | 21.8 | 214.6% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to Oman in 2022:
- India (23.2K tons)
- Morocco (3.7K tons)
- United Arab Emirates (1.2K tons)
- Brazil (0.5K tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Oman
In 2022, overseas shipments of raw cane sugar (without flavoring or coloring matter, other) decreased by -63.4% to 412 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 807%. As a result, the exports reached the peak of 1.1K tons, and then shrank remarkably in the following year.
In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) declined remarkably to $258K in 2022. Overall, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 733% against the previous year.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Yemen | 7.0 | 28.4 | 322 | 113 | 152.7% |
| Somalia | N/A | N/A | N/A | 76.5 | 0% |
| Qatar | 11.7 | 124 | 33.4 | 62.5 | 74.8% |
| Saudi Arabia | N/A | 2.4 | N/A | 5.4 | 50.0% |
| Others | 0.4 | 5.0 | 3.5 | 1.0 | 35.7% |
| Total | 19.2 | 160 | 359 | 258 | 137.7% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from Oman in 2022:
- Yemen (217.3 tons)
- Somalia (146.9 tons)
- Qatar (35.3 tons)
- Saudi Arabia (10.4 tons)
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