Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Bahrain - 2022
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Bahrain (CIF) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Bahrain (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Bahrain
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Bahrain
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Bahrain (CIF) - 2022
The average import price for raw cane sugar (without flavoring or coloring matter) stood at $1,531 per ton in 2022, rising by 6.7% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 98% against the previous year. The import price peaked at $2,639 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($3,498 per ton), while the price for India ($1,228 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Bahrain (FOB) - 2022
In 2022, the average export price for raw cane sugar (without flavoring or coloring matter) amounted to $702 per ton, with a decrease of -88% against the previous year. In general, the export price continues to indicate a precipitous descent. The pace of growth appeared the most rapid in 2018 an increase of 91% against the previous year. Over the period under review, the average export prices hit record highs at $5,869 per ton in 2021, and then fell sharply in the following year.
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 Saudi Arabia ($7,188 per ton), while the average price for exports to Senegal amounted to $598 per ton.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+3.8%).
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Bahrain
In 2022, overseas purchases of raw cane sugar (without flavoring or coloring matter) decreased by -10.1% to 188 tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2020 when imports increased by 29%. As a result, imports attained the peak of 300 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of raw cane sugar (without flavoring or coloring matter) fell to $288K in 2022. Overall, imports continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 23%. As a result, imports attained the peak of $403K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 183 | 281 | 177 | 181 | -0.4% |
| Mauritius | 65.7 | 27.6 | 41.6 | 55.9 | -5.2% |
| China | 3.5 | 7.0 | 11.7 | 27.1 | 97.8% |
| Hong Kong SAR | 40.0 | 59.7 | 51.1 | N/A | 13.0% |
| Others | 35.8 | 27.4 | 18.8 | 24.5 | -11.9% |
| Total | 328 | 403 | 300 | 288 | -4.2% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter) to Bahrain in 2022:
- India (147.2 tons)
- Mauritius (21.3 tons)
- China (11.0 tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Bahrain
In 2022, the amount of raw cane sugar (without flavoring or coloring matter) exported from Bahrain surged to 1 tons, increasing by 291% compared with 2021. Over the period under review, exports, however, showed a sharp decline.
In value terms, exports of raw cane sugar (without flavoring or coloring matter) dropped remarkably to $713 in 2022. Overall, exports, however, recorded a precipitous slump.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Senegal | N/A | N/A | N/A | 0.6 | 0% |
| Saudi Arabia | 0.2 | N/A | 0.7 | 0.1 | -20.6% |
| Portugal | 2,174 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 0.8 | N/A | 0% |
| Total | 2,174 | N/A | 1.5 | 0.7 | -93.1% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter) from Bahrain in 2022:
- Senegal (1000.0 kg)
- Saudi Arabia (16.0 kg)
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This year, world sugar production is expected to rise by 3% to 193M tons. The growth will be encouraged by favorable weather conditions in most of the largest producing countries, as well as the providing exemptions on the neonicotinoid usage against plant diseases and blights in France, Germany and the UK. The drop in sugar production and shipments from Brazil will be offset by large volumes coming from Thailand, which will boost global exports by +2.6% y-o-y. The increased supply in the world market is to keep sugar prices relatively stable over the next two years.
