Ester Gums Price in Denmark - 2023
Contents:
- Ester Gums Price in Denmark (CIF) - 2023
- Ester Gums Price in Denmark (FOB) - 2022
- Ester Gums Imports in Denmark
- Ester Gums Exports in Denmark
Ester Gums Price in Denmark (CIF) - 2023
The average ester gums import price stood at $2,987 per ton in May 2023, rising by 1.7% against the previous month. In general, the import price enjoyed a mild expansion. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 769% month-to-month. As a result, import price attained the peak level of $24,592 per ton. From January 2023 to May 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($9,897 per ton), while the price for Sweden ($2,666 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Ester Gums Price in Denmark (FOB) - 2022
In 2022, the average ester gums export price amounted to $4,146 per ton, with an increase of 72% against the previous year. Over the period under review, the export price, however, continues to indicate a slight shrinkage. The pace of growth was the most pronounced in 2020 an increase of 112%. The export price peaked at $5,240 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($8,048 per ton), while the average price for exports to the United States ($2,884 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 Norway (+1.3%), while the prices for the other major destinations experienced a decline.
Ester Gums Imports in Denmark
In 2022, approx. 2.3K tons of ester gumses were imported into Denmark; falling by -11.7% compared with 2021. Overall, imports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 1.2%.
In value terms, ester gums imports soared to $6.2M in 2022. Over the period under review, imports, however, continue to indicate a slight increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Ester Gums in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 3.3 | 2.7 | 3.1 | 4.0 | 6.6% |
| France | 1.9 | 1.0 | 1.0 | 1.5 | -7.6% |
| Netherlands | 0.8 | 0.7 | 0.8 | 0.6 | -9.1% |
| Portugal | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Total | 6.0 | 4.4 | 5.0 | 6.2 | 1.1% |
Top Suppliers of Ester Gums to Denmark in 2022:
- Belgium (1420.4 tons)
- France (597.0 tons)
- Netherlands (189.7 tons)
- Portugal (41.2 tons)
Ester Gums Exports in Denmark
In 2022, exports of ester gumses from Denmark fell modestly to 172 tons, declining by -2.5% against 2021. Overall, exports continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2021 with an increase of 167% against the previous year.
In value terms, ester gums exports skyrocketed to $715K in 2022. Over the period under review, exports continue to indicate a precipitous decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 80%.
| Export of Ester Gums in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 2,305 | 144 | 390 | 614 | -35.7% |
| Norway | 4.2 | 76.1 | 18.9 | 75.3 | 161.7% |
| United States | N/A | 10.0 | N/A | 23.1 | 52.0% |
| Others | 9.1 | 6.9 | 19.1 | 3.2 | -29.4% |
| Total | 2,318 | 237 | 428 | 715 | -32.4% |
Top Export Markets for Ester Gums from Denmark in 2022:
- Sweden (154.5 tons)
- Norway (9.4 tons)
- United States (8.0 tons)
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