Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Uganda - 2022
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Uganda (FOB) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Uganda (CIF) - 2022
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Uganda
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Uganda
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Uganda (FOB) - 2022
The average export price for raw cane sugar (without flavoring or coloring matter, other) stood at $520 per ton in 2022, declining by -7% against the previous year. Over the period under review, the export price showed a perceptible decrease. The pace of growth appeared the most rapid in 2020 when the average export price increased by 52%. The export price peaked at $826 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Kenya ($540 per ton) and Tanzania ($522 per ton), while the average price for exports to South Sudan ($389 per ton) and Democratic Republic of the Congo ($513 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+4.3%), while the prices for the other major destinations experienced a decline.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Uganda (CIF) - 2022
In 2022, the average import price for raw cane sugar (without flavoring or coloring matter, other) amounted to $325 per ton, therefore, remained relatively stable against the previous year. In general, the import price showed a abrupt setback. The growth pace was the most rapid in 2014 an increase of 39% against the previous year. As a result, import price reached the peak level of $644 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
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 Singapore ($488 per ton), while the price for Mozambique ($296 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (-5.2%), while the prices for the other major suppliers experienced a decline.
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Uganda
In 2022, approx. 18K tons of raw cane sugar (without flavoring or coloring matter, other) were exported from Uganda; rising by 73% compared with the previous year's figure. In general, exports saw a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 534% against the previous year. As a result, the exports attained the peak of 26K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of raw cane sugar (without flavoring or coloring matter, other) skyrocketed to $9.4M in 2022. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 861% against the previous year. As a result, the exports reached the peak of $13M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Uganda (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tanzania | N/A | 9.6 | 3.9 | 6.2 | -19.6% |
| Kenya | 0.8 | 2.6 | 1.8 | 2.3 | 42.2% |
| Democratic Republic of the Congo | 0.4 | 0.1 | 0.1 | 0.6 | 14.5% |
| South Sudan | 0.2 | 0.1 | N/A | 0.3 | 14.5% |
| Others | N/A | 0.5 | N/A | N/A | 0% |
| Total | 1.3 | 12.9 | 5.8 | 9.4 | 93.4% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) from Uganda in 2022:
- Tanzania (11.9K tons)
- Kenya (4.2K tons)
- Democratic Republic of the Congo (1.1K tons)
- South Sudan (0.7K tons)
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Uganda
In 2022, after three years of growth, there was significant decline in overseas purchases of raw cane sugar (without flavoring or coloring matter, other), when their volume decreased by -8.3% to 24K tons. Overall, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 142% against the previous year.
In value terms, imports of raw cane sugar (without flavoring or coloring matter, other) declined to $7.9M in 2022. Over the period under review, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 151%.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) in Uganda (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mozambique | 2.0 | 5.6 | 6.4 | 5.6 | 40.9% |
| Thailand | 0.4 | 1.0 | 0.9 | 1.1 | 40.1% |
| Brazil | 0.1 | 0.3 | 0.9 | 0.8 | 100.0% |
| Singapore | 0.1 | 0.2 | 0.2 | 0.2 | 26.0% |
| Others | 0.2 | 0.1 | 0.2 | 0.2 | 0.0% |
| Total | 2.9 | 7.2 | 8.6 | 7.9 | 39.7% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter, Other) to Uganda in 2022:
- Mozambique (19.0K tons)
- Thailand (2.9K tons)
- Brazil (1.9K tons)
- Singapore (0.4K tons)
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Discover the top import markets for sugar, including China, the United States, Indonesia, Bangladesh, and South Korea, and their importance in meeting global sugar demand. Gain valuable insights from the IndexBox market report on the sugar industry.
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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.
