Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Morocco - 2023
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Morocco (FOB) - 2022
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Morocco (CIF) - 2022
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Morocco
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Morocco
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Morocco (FOB) - 2022
The average export price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $3,926 per ton in 2022, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 26%. The export price peaked at $4,425 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($4,200 per ton), while the average price for exports to Oman ($1,620 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Morocco (CIF) - 2022
In 2022, the average import price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $2,209 per ton, dropping by -23.8% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 99%. As a result, import price attained the peak level of $3,810 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($3,377 per ton), while the price for France ($1,988 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.8%), while the prices for the other major suppliers experienced a decline.
Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Morocco
In 2022, overseas shipments of refined cane or beet sugar (with added flavoring or coloring matter) decreased by -55.2% to 34 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 181% against the previous year.
In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) shrank dramatically to $135K in 2022. In general, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 96% against the previous year.
| Export of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | N/A | 17.8 | 104 | 81.3 | 113.7% |
| France | 3.0 | 0.4 | 22.4 | 35.4 | 127.7% |
| Spain | N/A | 9.3 | 33.2 | 7.0 | -13.2% |
| Canada | 16.3 | 9.6 | 13.8 | 4.7 | -33.9% |
| United Kingdom | N/A | 0.3 | 3.1 | 3.2 | 226.6% |
| Oman | N/A | 133 | N/A | 0.2 | -96.1% |
| Germany | 65.1 | N/A | N/A | N/A | 0% |
| Italy | 4.5 | 5.3 | 18.9 | N/A | 104.9% |
| Mauritania | 3.6 | 7.8 | 69.9 | N/A | 340.6% |
| Others | 1.5 | 0.2 | 31.5 | 3.5 | 32.6% |
| Total | 94.0 | 184 | 297 | 135 | 12.8% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from Morocco in 2022:
- Belgium (20.7 tons)
- France (8.6 tons)
- Spain (2.3 tons)
- Canada (1.1 tons)
- United Kingdom (0.8 tons)
- Oman (0.1 tons)
Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Morocco
After three years of growth, supplies from abroad of refined cane or beet sugar (with added flavoring or coloring matter) decreased by -37.4% to 29 tons in 2022. Overall, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2020 when imports increased by 181% against the previous year.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) shrank notably to $63K in 2022. In general, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 146% against the previous year. As a result, imports attained the peak of $133K, and then reduced notably in the following year.
| Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 20.3 | 46.9 | 36.2 | 46.3 | 31.6% |
| Netherlands | N/A | N/A | N/A | 12.2 | 0% |
| Spain | 0.3 | N/A | 0.6 | 4.3 | 142.9% |
| Tunisia | N/A | N/A | 93.4 | N/A | 0% |
| Turkey | N/A | 7.0 | N/A | N/A | 0% |
| Others | 1.7 | 0.3 | 2.9 | 0.7 | -25.6% |
| Total | 22.2 | 54.1 | 133 | 63.5 | 42.0% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to Morocco in 2022:
- France (23.3 tons)
- Netherlands (3.6 tons)
- Spain (1.6 tons)
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