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

Contents:

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

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

In December 2021, the average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $570 per ton, which is down by -12.8% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2021 an increase of 20% month-to-month. As a result, import price attained the peak level of $653 per ton, and then fell in the following month.

Average prices varied noticeably amongst the major supplying countries. In December 2021, the countries with the highest prices were Egypt ($621 per ton) and Mauritius ($551 per ton), while the price for Brazil ($499 per ton) and Saudi Arabia ($546 per ton) were amongst the lowest.

From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by Egypt (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In December 2021, the average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $496 per ton, with a decrease of -62.3% against the previous month. Overall, the export price saw a abrupt downturn. The pace of growth was the most pronounced in May 2021 an increase of 174% m-o-m. The export price peaked at $1,533 per ton in October 2021; however, from November 2021 to December 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In December 2021, the country with the highest price was Uganda ($539 per ton), while the average price for exports to Rwanda stood at $411 per ton.

From January 2021 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+35.0%), while the prices for the other major destinations experienced a decline.

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

Imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose into Kenya expanded remarkably to 305K tons in 2022, picking up by 14% on the previous year's figure. The total import volume increased at an average annual rate of +7.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 28% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose surged to $193M in 2022. In general, imports recorded a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Mauritius (67.3K tons)
2. Thailand (63.7K tons)
3. Egypt (52.0K tons)
4. Uganda (40.2K tons)
5. Saudi Arabia (35.5K tons)
6. Swaziland (16.5K tons)
7. India (14.3K tons)
8. Zimbabwe (6.4K tons)

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

After three years of growth, shipments abroad of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose decreased by -70% to 263 tons in 2022. Over the period under review, exports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2020 when exports increased by 65%.

In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose declined significantly to $366K in 2022. In general, exports saw a pronounced slump. The pace of growth appeared the most rapid in 2021 with an increase of 67%. As a result, the exports attained the peak of $716K, and then contracted significantly in the following year.

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

1. Rwanda (177.6 tons)
2. Uganda (84.8 tons)

Source: IndexBox Market Intelligence Platform