Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Bahrain - 2022
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Bahrain (CIF) - 2022
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Bahrain (FOB) - 2022
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Bahrain
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Bahrain
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Bahrain (CIF) - 2022
In 2022, the average import price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $3,568 per ton, growing by 24% against the previous year. Over the period under review, the import price enjoyed measured growth. The pace of growth appeared the most rapid in 2015 an increase of 178%. The import price peaked in 2022 and is expected to retain growth in years to come.
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 Saudi Arabia ($5,699 per ton), while the price for Iran ($1,681 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+22.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Bahrain (FOB) - 2022
In 2022, the average export price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $4,682 per ton, shrinking by -21.7% against the previous year. Over the period under review, the export price, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 192%. As a result, the export price reached the peak level of $5,980 per ton, and then contracted dramatically in the following year.
As there is only one major export destination, the average price level is determined by prices for Jordan.
From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to +78.4% per year.
Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Bahrain
In 2022, supplies from abroad of refined cane or beet sugar (with added flavoring or coloring matter) decreased by -27.4% to 61 tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2020 with an increase of 28% against the previous year. As a result, imports attained the peak of 94 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) dropped to $218K in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +8.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -20.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 59%. As a result, imports attained the peak of $275K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 31.7 | 48.3 | 43.1 | 88.0 | 40.5% |
| Saudi Arabia | 15.6 | 89.2 | 66.8 | 75.6 | 69.2% |
| Iran | 60.1 | 30.0 | 20.8 | 36.5 | -15.3% |
| France | 0.1 | 0.2 | 0.2 | 8.1 | 332.7% |
| United States | 12.8 | 21.8 | 38.0 | 5.4 | -25.0% |
| Thailand | 37.5 | 63.3 | 64.5 | 0.5 | -76.3% |
| India | 5.5 | 11.7 | 0.6 | N/A | -67.0% |
| Others | 9.9 | 10.4 | 8.3 | 4.1 | -25.5% |
| Total | 173 | 275 | 242 | 218 | 8.0% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to Bahrain in 2022:
- Iran (21.7 tons)
- United Kingdom (21.4 tons)
- Saudi Arabia (13.3 tons)
- France (1.5 tons)
- United States (1.4 tons)
- Thailand (0.5 tons)
Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Bahrain
In 2022, overseas shipments of refined cane or beet sugar (with added flavoring or coloring matter) decreased by -97.9% to 22 kg, falling for the second year in a row after two years of growth. In general, exports continue to indicate a sharp descent. The growth pace was the most rapid in 2020 when exports increased by 432% against the previous year. As a result, the exports reached the peak of 1.7 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) contracted notably to $103 in 2022. Overall, exports saw a significant contraction. The growth pace was the most rapid in 2020 with an increase of 514% against the previous year.
| Export of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Jordan | N/A | N/A | N/A | 0.1 | 0% |
| Somalia | N/A | N/A | 4.5 | N/A | 0% |
| United Arab Emirates | 0.4 | 2.7 | 0.5 | N/A | 11.8% |
| Others | 0.2 | 0.7 | 1.5 | N/A | 173.9% |
| Total | 0.6 | 3.5 | 6.4 | 0.1 | -45.0% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from Bahrain in 2022:
- Jordan (17.0 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.
