What is the price of sugar per kilogram/pound in Madagascar today?
The retail price range for Madagascar sugar is between US$ 4.83 and US$ 11.59 per kilogram or between US$ 2.19 and US$ 5.26 per pound(lb). Click here to see today's exact prices of sugar in Madagascar
The retail price range in Malagasy Ariary for sugar is between MGA 21,373.89 and MGA 51,297.35 per kilogram or between MGA 9,693.38 and MGA 23,264.10 per pound(lb) in Antananarivo and Toamasina.
Wholesale prices
In 2024, the approximate wholesale price range for Madagascar sugar is between US$ 3.38 and US$ 8.12 per kilogram or between US$ 1.53 and US$ 3.68 per pound(lb).
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Madagascar Sugar Export Prices - Historical, Trends and Prediction
The export price per kilogram of sugar from Madagascar over the last five years has seen a steady decline. In 2017, the price was 0.57 US dollars per kg, which dropped to 0.35 US dollars per kg in 2019. The price has since increased slightly to 0.37 US dollars per kg in 2021. Based on this trend, it is likely that the export price per kilogram of sugar from Madagascar will remain around 0.4 US dollars per kg in 2023 and 2024.The sugar exports from Madagascar are classified as:
- Raw cane sugar (excluding added flavouring or colouring) (HS code 170111)
- Raw cane sugar, in solid form, not containing added flavouring or colouring matter (excluding cane sugar of 1701 13) (HS code 170114)
- Raw beet sugar (excluding added flavouring or colouring) (HS code 170112)
- Cane or beet sugar and chemically pure sucrose, in solid form (excluding cane and beet sugar containing added flavouring or colouring and raw sugar) (HS code 170199)
- Raw cane sugar, in solid form, not containing added flavouring or colouring matter, obtained without centrifugation, with sucrose content 69° to 93°, containing only natural anhedral microcrystals (see subheading note 2.) (HS code 170113)
- Refined cane or beet sugar, containing added flavouring or colouring, in solid form (HS code 170191)
Madagascar Sugar Import Prices - Historical, Trends and Prediction
The import price per kilogram of sugar into Madagascar over the last five years has seen a steady decline. In 2012, the price was 0.74 US dollars per kg, dropping to 0.51 US dollars per kg in 2013. This trend continued in 2014 and 2015, with the price falling to 0.50 and 0.41 US dollars per kg respectively. In 2016, the price rose slightly to 0.46 US dollars per kg, before increasing again to 0.57 US dollars per kg in 2017. Since then, the price has decreased again, with the price in 2018, 2019, 2020 and 2021 being 0.47, 0.35, 0.34 and 0.37 US dollars per kg respectively. The current price is 0.40 US dollars per kg. Based on this trend, it is predicted that the price of sugar in Madagascar in 2023 will be 0.33 US dollars per kg, and in 2024 will be 0.30 US dollars per kg.Export values for Madagascar sugar
The total values in export for sugar in Madagascar were US$ 4,922, US$ 8,708, US$ 6,451 and US$ 6,392 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Madagascar: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of sugar in other countries across Africa: Algeria sugar, Angola sugar, Botswana sugar, Burundi sugar, Cameroon sugar, Cape Verde sugar, Central African Republic sugar, Comoros sugar, DRC Congo sugar & Benin sugar.
Madagascar sugar - Production, Exports, Imports, Seasons and HS Codes
The quantity of sugar exported by Madagascar in 2020 was 17,001 tonnes. In 2019 Madagascar exported 18,501 tonnes of sugar. In 2019 alone, the market for Madagascar sugar (processed category) has gone up, changing by 33.832 percent compared to the year 2018. Between 2017 and 2019, sugar's exports grew by 21.55% bringing the exporter US$6.39m for the year 2019. Madagascar's sugar exports are classified as:
- Raw cane sugar (excluding added flavouring or colouring) (HS code 170111)
- Refined cane or beet sugar, containing added flavouring or colouring, in solid form (HS code 170191)
- Raw beet sugar (excluding added flavouring or colouring) (HS code 170112)
- Cane or beet sugar and chemically pure sucrose, in solid form (excluding cane and beet sugar containing added flavouring or colouring and raw sugar) (HS code 170199)
- Raw cane sugar, in solid form, not containing added flavouring or colouring matter (excluding cane sugar of 1701 13) (HS code 170114)
- Raw cane sugar, in solid form, not containing added flavouring or colouring matter, obtained without centrifugation, with sucrose content 69° to 93°, containing only natural anhedral microcrystals (see subheading note 2.) (HS code 170113)
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Madagascar sugar export values
In 2019, Madagascar exported sugar worth 6.39m USD, a contraction of -0.95% from 2018's total sugar export of 6.451m USD. The yearly change in value of Madagascar sugar between 2017 to 2018 was -25.919 percent.
The yearly variation in the amount of Madagascar's sugar exports between 2017 and 2019 was 21.55 pc when compared to a variation of 33.832% in the growth rate between 2018 and 2019.
Export markets for Madagascar sugar ( in '000$ )
Madagascar's best performing export markets for sugar are France, Italy, Iceland, Germany and Finland.
Madagascar imported 147,811 tonnes of sugar in 2019.