Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Pakistan - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Pakistan (CIF) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Pakistan (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Pakistan
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Pakistan
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Pakistan (CIF) - 2022
In 2022, the average import price for raw cane sugar (without flavoring or coloring matter, other) amounted to $502 per ton, surging by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 31%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($540 per ton), while the price for the United States amounted to $284 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+29.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Pakistan (FOB) - 2022
The average export price for raw cane sugar (without flavoring or coloring matter, other) stood at $1,447 per ton in 2022, jumping by 15% against the previous year. In general, the export price saw resilient growth. The growth pace was the most rapid in 2019 an increase of 52% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ethiopia ($1,522 per ton), while the average price for exports to India ($1,270 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 Nepal (+12.5%), 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 Pakistan
After three years of growth, overseas purchases of raw cane sugar (without flavoring or coloring matter, other) decreased by -43.9% to 9.6K tons in 2022. Over the period under review, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 184% against the previous year. As a result, imports attained the peak of 17K tons, and then dropped sharply in the following year.
In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) fell significantly to $4.8M in 2022. Overall, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 271%. As a result, imports reached the peak of $7.6M, and then contracted sharply in the following year.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 1.5 | N/A | N/A | 4.4 | 43.1% |
| United States | 0.2 | N/A | N/A | 0.4 | 26.0% |
| India | N/A | 1.7 | 7.5 | N/A | 341.2% |
| Brazil | N/A | 0.3 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.7 | 2.0 | 7.6 | 4.8 | 41.3% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to Pakistan in 2022:
- United Arab Emirates (8.2K tons)
- United States (1.4K tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Pakistan
Exports of raw cane sugar (without flavoring or coloring matter, other) from Pakistan fell to 294 tons in 2022, dropping by -11% compared with 2021. Overall, exports showed a precipitous decrease.
In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) expanded modestly to $426K in 2022. In general, exports recorded a noticeable contraction.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nepal | 302 | 291 | 277 | 286 | -1.8% |
| Ethiopia | 145 | 140 | 133 | 137 | -1.9% |
| Others | 10.2 | 4.9 | 4.6 | 2.8 | -35.0% |
| Total | 458 | 436 | 415 | 426 | -2.4% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from Pakistan in 2022:
- Nepal (202.7 tons)
- Ethiopia (90.1 tons)
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