Sugar Price in Tunisia - 2022
Contents:
- Sugar Price in Tunisia (CIF) - 2022
- Sugar Price in Tunisia (FOB) - 2022
- Sugar Imports in Tunisia
- Sugar Exports in Tunisia
Sugar Price in Tunisia (CIF) - 2022
The average sugar import price stood at $743 per ton in 2022, jumping by 19% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($761 per ton), while the price for Algeria ($629 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Sugar Price in Tunisia (FOB) - 2022
In 2022, the average sugar export price amounted to $555 per ton, reducing by -14.2% against the previous year. In general, the export price continues to indicate a perceptible downturn. The growth pace was the most rapid in 2015 when the average export price increased by 85% against the previous year. As a result, the export price attained the peak level of $1,340 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
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 France ($958 per ton), while the average price for exports to Libya stood at $552 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+5.5%).
Sugar Imports in Tunisia
In 2022, overseas purchases of sugar decreased by -11.4% to 555K tons, falling for the second consecutive year after two years of growth. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 28% against the previous year. As a result, imports attained the peak of 700K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, sugar imports stood at $412M in 2022. The total import value increased at an average annual rate of +10.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 21%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Sugar in Tunisia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 262 | 339 | 344 | 344 | 9.5% |
| India | N/A | N/A | N/A | 30.4 | 0% |
| Algeria | 8.0 | N/A | 18.3 | 28.0 | 51.8% |
| Mexico | 22.6 | N/A | N/A | N/A | 0% |
| Others | 16.7 | 35.6 | 28.8 | 10.3 | -14.9% |
| Total | 310 | 375 | 391 | 412 | 9.9% |
Top Suppliers of Sugar to Tunisia in 2022:
- Brazil (451.8K tons)
- Algeria (44.5K tons)
- India (43.8K tons)
Sugar Exports in Tunisia
In 2022, the amount of sugar exported from Tunisia skyrocketed to 31K tons, growing by 2,617% on the previous year's figure. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, sugar exports skyrocketed to $17M in 2022. In general, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Sugar in Tunisia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Libya | N/A | N/A | N/A | 16.6 | 0% |
| Lebanon | 0.2 | N/A | 0.3 | N/A | 22.5% |
| Ghana | 0.2 | N/A | N/A | N/A | 0% |
| Others | 0.2 | 0.5 | 0.4 | 0.8 | 58.7% |
| Total | 0.5 | 0.5 | 0.7 | 17.4 | 226.5% |
Top Export Markets for Sugar from Tunisia in 2022:
- Libya (30.0K tons)
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