Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Tunisia - 2022
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Tunisia (CIF) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Tunisia (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Tunisia
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Tunisia
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Tunisia (CIF) - 2022
In March 2022, the average import price for raw cane sugar (without flavoring or coloring matter) amounted to $458 per ton, approximately mirroring the previous month. Overall, the import price showed a perceptible decrease. As a result, import price reached the peak level of $486 per ton. From February 2022 to March 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Brazil.
From January 2022 to March 2022, the rate of growth in terms of prices for Brazil amounted to -2.9% per month.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Tunisia (FOB) - 2022
The average export price for raw cane sugar (without flavoring or coloring matter) stood at $1,778 per ton in 2022, waning by -23% against the previous year. Overall, the export price continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2021 an increase of 92%. The export price peaked at $2,369 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for France.
From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +0.4% per year.
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Tunisia
For the third year in a row, Tunisia recorded decline in purchases abroad of raw cane sugar (without flavoring or coloring matter), which decreased by -25.2% to 71K tons in 2022. In general, imports faced a drastic downturn. The smallest decline of -13.5% was in 2020.
In value terms, imports of raw cane sugar (without flavoring or coloring matter) declined to $31M in 2022. Overall, imports showed a abrupt slump. The smallest decline of -4.1% was in 2021.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Tunisia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 19.5 | 35.6 | 34.2 | 31.4 | 17.2% |
| Mexico | 17.7 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 37.2 | 35.7 | 34.2 | 31.4 | -5.5% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter) to Tunisia in 2022:
- Brazil (70.6K tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Tunisia
In 2022, overseas shipments of raw cane sugar (without flavoring or coloring matter) decreased by -99.7% to 36 kg for the first time since 2018, thus ending a three-year rising trend. Overall, exports continue to indicate a dramatic setback. The pace of growth appeared the most rapid in 2020 with an increase of 113%.
In value terms, exports of raw cane sugar (without flavoring or coloring matter) shrank rapidly to $64 in 2022. Over the period under review, exports showed a precipitous setback. The pace of growth appeared the most rapid in 2021 with an increase of 222%. As a result, the exports attained the peak of $33K, and then shrank dramatically in the following year.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Tunisia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | N/A | N/A | N/A | 0.1 | 0% |
| Canada | 9.5 | 10.0 | 33.0 | N/A | 86.4% |
| Others | N/A | 0.3 | N/A | N/A | 0% |
| Total | 9.5 | 10.2 | 33.0 | 0.1 | -78.1% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter) from Tunisia in 2022:
- France (36.0 kg)
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This year, world sugar production is expected to rise by 3% to 193M tons. The growth will be encouraged by favorable weather conditions in most of the largest producing countries, as well as the providing exemptions on the neonicotinoid usage against plant diseases and blights in France, Germany and the UK. The drop in sugar production and shipments from Brazil will be offset by large volumes coming from Thailand, which will boost global exports by +2.6% y-o-y. The increased supply in the world market is to keep sugar prices relatively stable over the next two years.
