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

Contents:

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

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

The average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $565 per ton in 2022, picking up by 29% against the previous year. Over the period under review, the import price, however, saw a slight slump. Over the period under review, average import prices hit record highs at $675 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Saudi Arabia ($730 per ton) and Egypt ($641 per ton), while the price for the United Arab Emirates ($504 per ton) and India ($529 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $7,353 per ton in 2022, picking up by 1,030% against the previous year. Overall, the export price recorded a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Ireland.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to -39.9% per year.

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

After two years of decline, purchases abroad of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose increased by 751% to 123K tons in 2022. Over the period under review, imports, however, faced a precipitous setback.

In value terms, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose surged to $69M in 2022. In general, imports, however, recorded a sharp decrease.

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

1. India (83.6K tons)
2. Egypt (21.9K tons)
3. United Arab Emirates (7.8K tons)
4. Saudi Arabia (7.3K tons)

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

After two years of growth, shipments abroad of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose decreased by 99.9% to 34 kg in 2022. Over the period under review, exports recorded a precipitous decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 20%. As a result, the exports attained the peak of 5.5K tons, and then dropped sharply in the following year.

In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose declined sharply to $250 in 2022. Overall, exports faced a dramatic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 20% against the previous year. As a result, the exports reached the peak of $3.6M, and then declined rapidly in the following year.

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

1. Ireland (34.0 kg)

Source: IndexBox Market Intelligence Platform