Gum Arabic Price in Tanzania - 2021

Contents:

1. Gum Arabic Price in Tanzania (FOB) - 2022
2. Gum Arabic Price in Tanzania (CIF) - 2022
3. Gum Arabic Exports in Tanzania
4. Gum Arabic Imports in Tanzania

Gum Arabic Price in Tanzania (FOB) - 2022

In 2022, the average gum arabic export price amounted to $1,510 per ton, waning by -29.4% against the previous year. Overall, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when the average export price increased by 92%. The export price peaked at $11,286 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kenya ($2,395 per ton), while the average price for exports to India ($851 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 Kenya (+19.9%), while the prices for the other major destinations experienced a decline.

Gum Arabic Price in Tanzania (CIF) - 2022

The average gum arabic import price stood at $608 per ton in 2022, shrinking by -48.8% against the previous year. In general, the import price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 232% against the previous year. As a result, import price attained the peak level of $7,400 per ton. From 2019 to 2022, the average import prices remained at a somewhat 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 Italy ($9,275 per ton), while the price for India amounted to $375 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+15.2%).

Gum Arabic Exports in Tanzania

Gum arabic exports from Tanzania surged to 121 tons in 2022, jumping by 184% compared with the previous year's figure. In general, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, gum arabic exports soared to $182K in 2022. Over the period under review, exports recorded a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Gum Arabic from Tanzania in 2022:

1. Pakistan (64.9 tons)
2. India (55.0 tons)
3. Kenya (0.7 tons)

Gum Arabic Imports in Tanzania

For the fourth year in a row, Tanzania recorded growth in overseas purchases of gum arabics, which increased by 411% to 4.6 tons in 2022. In general, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, gum arabic imports soared to $2.8K in 2022. Over the period under review, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Gum Arabic to Tanzania in 2022:

1. India (4.5 tons)
2. Italy (0.1 tons)

Source: IndexBox Market Intelligence Platform