Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Tunisia - 2022
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Tunisia (CIF) - 2022
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Tunisia (FOB) - 2022
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Tunisia
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Tunisia
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Tunisia (CIF) - 2022
In 2022, the average import price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $4,095 per ton, rising by 114% against the previous year. Over the period under review, the import price continues to indicate a prominent increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for France.
From 2012 to 2022, the rate of growth in terms of prices for Egypt amounted to +4.0% per year.
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Tunisia (FOB) - 2022
The average export price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $2,098 per ton in 2022, growing by 45% against the previous year. Overall, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 an increase of 65%. Over the period under review, the average export prices reached the maximum at $2,412 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($4,693 per ton), while the average price for exports to Libya stood at $887 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guinea (+49.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Tunisia
For the third year in a row, Tunisia recorded decline in overseas purchases of refined cane or beet sugar (with added flavoring or coloring matter), which decreased by -34% to 2.9 tons in 2022. Overall, imports saw a abrupt curtailment. The smallest decline of -10.4% was in 2020.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) skyrocketed to $12K in 2022. The total import value increased at an average annual rate of +9.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Tunisia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 1.8 | 1.4 | 0.9 | 11.9 | 87.7% |
| India | 1.2 | 2.4 | 3.9 | N/A | 80.3% |
| Egypt | 5.9 | 5.0 | 3.6 | N/A | -21.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 9.0 | 8.7 | 8.4 | 11.9 | 9.8% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to Tunisia in 2022:
- France (2.9 tons)
Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Tunisia
In 2022, shipments abroad of refined cane or beet sugar (with added flavoring or coloring matter) decreased by -99.8% to 440 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports showed a precipitous descent. The growth pace was the most rapid in 2020 when exports increased by 802%.
In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) shrank dramatically to $923 in 2022. Overall, exports continue to indicate a sharp shrinkage. The growth pace was the most rapid in 2020 when exports increased by 773%.
| Export of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Tunisia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 0.1 | 1.0 | 2.5 | 0.7 | 91.3% |
| Libya | N/A | 0.3 | 2.7 | 0.3 | 0.0% |
| Cote d'Ivoire | 0.6 | 5.3 | 14.1 | N/A | 384.8% |
| Congo | 1.5 | 5.6 | 42.8 | N/A | 434.2% |
| Senegal | 0.4 | 2.8 | 68.0 | N/A | 1203.8% |
| Morocco | 0.6 | 9.9 | 62.0 | N/A | 916.5% |
| Burkina Faso | 1.0 | 14.0 | 80.1 | N/A | 795.0% |
| Mali | 0.7 | 7.2 | 20.6 | N/A | 442.5% |
| Others | 0.7 | 2.8 | 34.8 | N/A | 605.1% |
| Total | 5.6 | 48.9 | 328 | 0.9 | -45.6% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from Tunisia in 2022:
- Libya (300.0 kg)
- Canada (140.0 kg)
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In value terms, cane and beet sugar and sucrose imports totaled $X in 2016. Overall, it indicated a perceptible growth from 2007 to 2016: the total imports value increased at an average annual rate ...
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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.
