Price for Sugars; Fructose, Chemically Pure, in Solid Form in South Africa - 2024
Contents:
- Price for Sugars; Fructose, Chemically Pure, in Solid Form in South Africa (CIF) - 2024
- Price for Sugars; Fructose, Chemically Pure, in Solid Form in South Africa (FOB) - 2022
- Imports of Sugars; Fructose, Chemically Pure, in Solid Form in South Africa
- Exports of Sugars; Fructose, Chemically Pure, in Solid Form in South Africa
Price for Sugars; Fructose, Chemically Pure, in Solid Form in South Africa (CIF) - 2024
The average import price for sugars; fructose, chemically pure, in solid form stood at $1,690 per ton in July 2023, picking up by 6.9% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 6,104% month-to-month. As a result, import price reached the peak level of $103K per ton. From March 2023 to July 2023, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Turkey ($1,613 per ton), while the price for China totaled $1,540 per ton.
From January 2023 to July 2023, the most notable rate of growth in terms of prices was attained by China (+0.5%), while the prices for the other major suppliers experienced a decline.
Price for Sugars; Fructose, Chemically Pure, in Solid Form in South Africa (FOB) - 2022
In 2022, the average export price for sugars; fructose, chemically pure, in solid form amounted to $1,845 per ton, dropping by -56.1% against the previous year. Over the period under review, the export price showed a noticeable slump. The growth pace was the most rapid in 2016 when the average export price increased by 137% against the previous year. The export price peaked at $4,206 per ton in 2021, and then shrank markedly in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Lesotho ($3,246 per ton), while the average price for exports to Zambia ($1,037 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 Swaziland (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Sugars; Fructose, Chemically Pure, in Solid Form in South Africa
In 2022, supplies from abroad of sugars; fructose, chemically pure, in solid form was finally on the rise to reach 784 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a dramatic curtailment.
In value terms, imports of sugars; fructose, chemically pure, in solid form soared to $1.1M in 2022. Overall, imports, however, saw a dramatic setback.
| Import of Sugars; Fructose, Chemically Pure, in Solid Form in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 326 | 602 | 299 | 757 | 32.4% |
| Israel | 1,755 | 946 | 24.1 | 165 | -54.5% |
| China | 154 | 102 | 123 | 135 | -4.3% |
| Finland | N/A | 103 | N/A | N/A | 0% |
| Others | 27.0 | 2.9 | 8.3 | 2.2 | -56.6% |
| Total | 2,262 | 1,756 | 455 | 1,059 | -22.4% |
Top Suppliers of Sugars; Fructose, Chemically Pure, in Solid Form to South Africa in 2022:
- Turkey (588.6 tons)
- Israel (120.0 tons)
- China (75.0 tons)
Exports of Sugars; Fructose, Chemically Pure, in Solid Form in South Africa
In 2022, approx. 27 tons of sugars; fructose, chemically pure, in solid form were exported from South Africa; dropping by -9.6% against 2021 figures. Over the period under review, exports recorded a pronounced decline. The growth pace was the most rapid in 2021 when exports increased by 87% against the previous year. As a result, the exports attained the peak of 30 tons, and then fell in the following year.
In value terms, exports of sugars; fructose, chemically pure, in solid form shrank remarkably to $50K in 2022. Overall, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 142%. As a result, the exports reached the peak of $76K, and then fell significantly in the following year.
| Export of Sugars; Fructose, Chemically Pure, in Solid Form in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mauritius | N/A | N/A | N/A | 24.5 | 0% |
| Namibia | 24.1 | 7.8 | 13.1 | 18.5 | -8.4% |
| Zimbabwe | 1.5 | 1.5 | N/A | 3.8 | 36.3% |
| Swaziland | 1.6 | 2.5 | 50.4 | 1.0 | -14.5% |
| Botswana | 5.0 | 15.2 | 11.6 | 0.9 | -43.5% |
| Lesotho | 5.1 | 1.9 | 1.0 | 0.8 | -46.1% |
| Zambia | 1.2 | 2.5 | 0.1 | 0.3 | -37.0% |
| Others | 0.8 | 0.1 | N/A | 0.7 | -4.4% |
| Total | 39.4 | 31.4 | 76.1 | 50.4 | 8.6% |
Top Export Markets for Sugars; Fructose, Chemically Pure, in Solid Form from South Africa in 2022:
- Mauritius (15.3 tons)
- Namibia (8.6 tons)
- Zimbabwe (1.9 tons)
- Botswana (0.5 tons)
- Swaziland (0.3 tons)
- Zambia (0.2 tons)
- Lesotho (0.2 tons)
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