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

Contents:

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

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

The average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $546 per ton in December 2021, waning by -10.6% against the previous month. Over the last eleven-month period, it increased at an average monthly rate of +1.7%. The pace of growth was the most pronounced in November 2021 when the average import price increased by 11% against the previous month. As a result, import price attained the peak level of $610 per ton, and then fell in the following month.

Average prices varied somewhat amongst the major supplying countries. In December 2021, the countries with the highest prices were Belgium ($654 per ton) and Algeria ($593 per ton), while the price for the United Arab Emirates ($506 per ton) and Ukraine ($530 per ton) were amongst the lowest.

From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by Algeria (+11.1%), 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 Tanzania (FOB) - 2022

The average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $670 per ton in 2022, picking up by 26% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible reduction. The export price peaked at $871 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($809 per ton), while the average price for exports to Burundi ($466 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 South Africa (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose into Tanzania rose markedly to 259K tons, picking up by 8% on 2021 figures. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +11.6% 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 +68.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 56%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose surged to $165M in 2022. In general, imports enjoyed a significant increase. The growth pace was the most rapid in 2021 when imports increased by 80% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the near future.

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

1. Thailand (109.5K tons)
2. India (67.1K tons)
3. Saudi Arabia (19.4K tons)
4. Uganda (15.0K tons)
5. Egypt (13.7K tons)
6. United Arab Emirates (10.2K tons)
7. South Africa (7.7K tons)

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

After two years of decline, overseas shipments of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose increased by 195% to 3K tons in 2022. In general, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose surged to $2M in 2022. Overall, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Uganda (2000.0 tons)
2. Turkey (448.1 tons)
3. Rwanda (418.0 tons)
4. Burundi (168.0 tons)

Source: IndexBox Market Intelligence Platform