Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Kazakhstan - 2022

Contents:

1. Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Kazakhstan (CIF) - 2022
2. Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Kazakhstan (FOB) - 2022
3. Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Kazakhstan
4. Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Kazakhstan

Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Kazakhstan (CIF) - 2022

In 2022, the average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $758 per ton, increasing by 28% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 56% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($956 per ton) and Egypt ($863 per ton), while the price for Russia ($691 per ton) and Azerbaijan ($753 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Kazakhstan (FOB) - 2022

In 2022, the average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $938 per ton, increasing by 53% against the previous year. Overall, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.8% 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 white sugar (containing >= 99,5% sucrose) and chemically pure sucrose increased by +109.3% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($1,961 per ton), while the average price for exports to Tajikistan ($388 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 Ukraine (+4.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Kazakhstan

In 2022, supplies from abroad of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose decreased by -11.6% to 274K tons, falling for the second consecutive year after two years of growth. Overall, total imports indicated a perceptible increase from 2019 to 2022: its volume increased at an average annual rate of +3.0% 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 -34.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 67%. As a result, imports reached the peak of 418K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose expanded notably to $207M in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.5% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 42%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Top Suppliers of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose to Kazakhstan in 2022:

1. Russia (137.1K tons)
2. India (62.4K tons)
3. Belarus (18.1K tons)
4. Azerbaijan (18.1K tons)
5. Thailand (11.4K tons)
6. Egypt (7.4K tons)
7. China (7.3K tons)

Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Kazakhstan

In 2022, overseas shipments of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose decreased by -97.7% to 64 tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a dramatic setback. The pace of growth was the most pronounced in 2020 with an increase of 243%. As a result, the exports attained the peak of 28K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose declined markedly to $60K in 2022. Over the period under review, exports saw a sharp descent. The pace of growth was the most pronounced in 2020 with an increase of 251% against the previous year. As a result, the exports attained the peak of $13M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose from Kazakhstan in 2022:

1. Kyrgyzstan (48.6 tons)
2. Russia (9.9 tons)
3. Ukraine (2.6 tons)
4. Mongolia (1.6 tons)
5. Tajikistan (0.6 tons)

Source: IndexBox Market Intelligence Platform