Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Saudi Arabia - 2022
Contents:
- Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Saudi Arabia (FOB) - 2022
- Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Saudi Arabia (CIF) - 2022
- Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Saudi Arabia
- Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Saudi Arabia
Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Saudi Arabia (FOB) - 2022
In 2022, the average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $535 per ton, declining by -2.6% against the previous year. In general, the export price showed a noticeable slump. The most prominent rate of growth was recorded in 2020 an increase of 24%. Over the period under review, the average export prices attained the maximum at $710 per ton in 2012; however, from 2013 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 Djibouti ($622 per ton), while the average price for exports to Lebanon ($413 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 Palestine (+9.7%), while the prices for the other major destinations experienced a decline.
Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Saudi Arabia (CIF) - 2022
The average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $487 per ton in 2022, dropping by -8.6% against the previous year. Overall, the import price showed a perceptible slump. The pace of growth appeared the most rapid in 2021 an increase of 19%. Over the period under review, average import prices hit record highs at $647 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Algeria ($530 per ton) and Thailand ($502 per ton), while the price for Germany ($394 per ton) and the Netherlands ($416 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+3.3%), while the prices for the other major suppliers experienced a decline.
Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Saudi Arabia
In 2022, overseas shipments of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose decreased by -17.9% to 404K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +8.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +27.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 53% against the previous year. As a result, the exports reached the peak of 492K tons, and then fell remarkably in the following year.
In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose dropped sharply to $216M in 2022. In general, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 67% against the previous year. As a result, the exports attained the peak of $270M, and then plummeted in the following year.
| Export of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Jordan | 19.0 | 50.2 | 79.7 | 64.8 | 50.5% |
| Sudan | 34.4 | 15.3 | 49.2 | 40.0 | 5.2% |
| Kenya | 16.0 | 24.6 | 43.3 | 35.2 | 30.1% |
| Tanzania | 7.2 | 11.9 | 20.0 | 16.2 | 31.0% |
| Bahrain | 17.3 | 15.3 | 16.9 | 13.8 | -7.3% |
| United Arab Emirates | 9.6 | 10.1 | 15.9 | 12.9 | 10.4% |
| Palestine | 0.4 | 5.0 | 11.2 | 9.1 | 183.4% |
| Others | 25.2 | 29.7 | 33.9 | 24.1 | -1.5% |
| Total | 129 | 162 | 270 | 216 | 18.7% |
Top Export Markets for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose from Saudi Arabia in 2022:
- Jordan (122.2K tons)
- Sudan (78.3K tons)
- Kenya (65.3K tons)
- Tanzania (31.2K tons)
- Bahrain (26.6K tons)
- United Arab Emirates (21.6K tons)
- Palestine (16.8K tons)
Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Saudi Arabia
In 2022, overseas purchases of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose were finally on the rise to reach 162K tons after two years of decline. Over the period under review, imports, however, continue to indicate a abrupt contraction.
In value terms, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $79M in 2022. In general, imports, however, showed a perceptible reduction.
| Import of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 33.6 | 30.8 | 43.0 | 45.3 | 10.5% |
| United Arab Emirates | 19.4 | 14.4 | 2.2 | 12.4 | -13.9% |
| Poland | 8.5 | 8.8 | 7.4 | 8.5 | 0.0% |
| Netherlands | 2.6 | 4.8 | 2.3 | 3.3 | 8.3% |
| France | 2.9 | 1.4 | 0.4 | 1.6 | -18.0% |
| Algeria | 2.5 | 1.1 | 0.9 | 1.5 | -15.7% |
| Germany | 3.4 | 0.5 | 0.3 | 1.5 | -23.9% |
| Brazil | N/A | 14.4 | 13.8 | N/A | -4.2% |
| Others | 13.1 | 4.7 | 6.7 | 4.7 | -28.9% |
| Total | 86.0 | 80.9 | 77.0 | 78.9 | -2.8% |
Top Suppliers of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose to Saudi Arabia in 2022:
- India (91.1K tons)
- United Arab Emirates (28.9K tons)
- Poland (18.5K tons)
- Netherlands (8.0K tons)
- Germany (3.8K tons)
- France (3.7K tons)
- Algeria (2.9K tons)
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