Waxes; Artificial, Prepared Price in Sudan - 2022
Contents:
Waxes; Artificial, Prepared Price in Sudan (CIF) - 2022
The average waxes; artificial, prepared import price stood at $2,420 per ton in 2022, reducing by -12.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 46%. The import price peaked at $3,057 per ton in 2014; however, from 2015 to 2022, import prices remained at a 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 the United Arab Emirates ($3,437 per ton), while the price for Iran ($666 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Waxes; Artificial, Prepared Imports in Sudan
In 2022, waxes; artificial, prepared imports into Sudan skyrocketed to 140 tons, growing by 37% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate a slight decline.
In value terms, waxes; artificial, prepared imports surged to $338K in 2022. The total import value increased at an average annual rate of +2.3% 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 2020 when imports increased by 24% against the previous year. As a result, imports attained the peak of $393K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Waxes; Artificial, Prepared in Sudan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 57.6 | 101 | 104 | 128 | 30.5% |
| United Arab Emirates | 36.9 | 87.5 | 79.7 | 84.3 | 31.7% |
| Netherlands | 25.3 | 40.5 | 32.7 | 38.1 | 14.6% |
| Saudi Arabia | 12.0 | 15.2 | 14.6 | 20.2 | 19.0% |
| Iran | 20.0 | 14.2 | 4.3 | 12.6 | -14.3% |
| Belgium | 17.9 | 14.8 | 8.5 | 9.9 | -17.9% |
| China | 14.3 | 37.3 | 8.9 | 5.9 | -25.6% |
| Egypt | 3.2 | 3.2 | 2.4 | 2.7 | -5.5% |
| Thailand | 16.0 | N/A | N/A | N/A | 0% |
| Others | 113 | 79.9 | 28.3 | 36.5 | -31.4% |
| Total | 316 | 393 | 283 | 338 | 2.3% |
Top Suppliers of Waxes; Artificial, Prepared to Sudan in 2022:
- India (41.1 tons)
- United Arab Emirates (24.5 tons)
- Iran (18.9 tons)
- Netherlands (18.4 tons)
- Saudi Arabia (17.6 tons)
- Belgium (3.8 tons)
- Egypt (3.7 tons)
- China (3.5 tons)
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