Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in the United Arab Emirates - 2022
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in the United Arab Emirates (CIF) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in the United Arab Emirates (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in the United Arab Emirates
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in the United Arab Emirates
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in the United Arab Emirates (CIF) - 2022
In 2022, the average import price for raw cane sugar (without flavoring or coloring matter) amounted to $439 per ton, declining by -46.5% against the previous year. In general, the import price, however, enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2016 an increase of 71% against the previous year. Over the period under review, average import prices reached the maximum at $1,138 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($465 per ton), while the price for Brazil totaled $434 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.2%).
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in the United Arab Emirates (FOB) - 2022
The average export price for raw cane sugar (without flavoring or coloring matter) stood at $585 per ton in 2022, increasing by 20% against the previous year. Overall, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for raw cane sugar (without flavoring or coloring matter) increased by +62.0% against 2018 indices. The most prominent rate of growth was recorded in 2015 an increase of 34%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
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 Eritrea ($1,336 per ton), while the average price for exports to Tanzania ($211 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 Eritrea (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in the United Arab Emirates
In 2022, purchases abroad of raw cane sugar (without flavoring or coloring matter) was finally on the rise to reach 491K tons after two years of decline. Over the period under review, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of raw cane sugar (without flavoring or coloring matter) surged to $215M in 2022. In general, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter) in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 1.3 | 1.1 | 1.1 | 191 | 427.7% |
| India | N/A | N/A | N/A | 23.9 | 0% |
| Others | N/A | N/A | N/A | 0.8 | 0% |
| Total | 1.3 | 1.1 | 1.2 | 215 | 448.9% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter) to the United Arab Emirates in 2022:
- Brazil (439.2K tons)
- India (51.3K tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in the United Arab Emirates
In 2022, after three years of growth, there was significant decline in overseas shipments of raw cane sugar (without flavoring or coloring matter), when their volume decreased by -61.9% to 130K tons. Over the period under review, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 127% against the previous year.
In value terms, exports of raw cane sugar (without flavoring or coloring matter) dropped markedly to $76M in 2022. In general, exports, however, saw a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 171%. As a result, the exports reached the peak of $167M, and then fell rapidly in the following year.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter) in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 3.0 | 5.4 | 13.9 | 57.0 | 166.8% |
| Pakistan | N/A | N/A | N/A | 14.5 | 0% |
| Eritrea | N/A | 0.3 | 2.2 | 3.4 | 236.7% |
| Kenya | 20.8 | 52.0 | 143 | 0.1 | -83.1% |
| Somalia | 0.6 | 1.5 | 4.1 | N/A | 161.4% |
| Tanzania | 0.4 | 0.8 | 1.7 | N/A | 106.2% |
| Others | 0.8 | 1.7 | 1.9 | 1.2 | 14.5% |
| Total | 25.7 | 61.7 | 167 | 76.2 | 43.7% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter) from the United Arab Emirates in 2022:
- Iran (99.7K tons)
- Pakistan (26.0K tons)
- Eritrea (2.5K tons)
- Kenya (0.1K tons)
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