Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Azerbaijan - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Azerbaijan (CIF) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Azerbaijan
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Azerbaijan (CIF) - 2022
The average import price for raw cane sugar (without flavoring or coloring matter) stood at $3,417 per ton in 2022, with an increase of 2.1% against the previous year. In general, the import price saw a significant increase. The growth pace was the most rapid in 2015 an increase of 374%. Over the period under review, average import prices attained the peak figure at $12,330 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +5.8% per year.
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Azerbaijan
In 2022, approx. 360 kg of raw cane sugar (without flavoring or coloring matter) were imported into Azerbaijan; growing by 380% on the previous year. In general, imports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 7,400%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, imports of raw cane sugar (without flavoring or coloring matter) surged to $1.2K in 2022. Over the period under review, imports, however, recorded a sharp contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 6,175% against the previous year.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Azerbaijan (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | 210 | 1,230 | 485.7% |
| Paraguay | 54.0 | N/A | N/A | N/A | 0% |
| Luxembourg | 2,313 | N/A | N/A | N/A | 0% |
| Costa Rica | 96.0 | N/A | N/A | N/A | 0% |
| Others | N/A | 4.0 | 41.0 | N/A | 925.0% |
| Total | 2,463 | 4.0 | 251 | 1,230 | -20.7% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter) to Azerbaijan in 2022:
- United Arab Emirates (360.0 kg)
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