Ester Gums Price in Finland - 2023
Contents:
- Ester Gums Price in Finland (FOB) - 2023
- Ester Gums Price in Finland (CIF) - 2023
- Ester Gums Exports in Finland
- Ester Gums Imports in Finland
Ester Gums Price in Finland (FOB) - 2023
The average ester gums export price stood at $2,775 per ton in June 2023, falling by -3% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in December 2022 an increase of 14% against the previous month. The export price peaked at $3,043 per ton in February 2023; however, from March 2023 to June 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In June 2023, the highest price was recorded for prices to Russia ($3,214 per ton) and Germany ($2,999 per ton), while the average price for exports to Italy ($2,347 per ton) and the UK ($2,361 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.
Ester Gums Price in Finland (CIF) - 2023
In June 2023, the average ester gums import price amounted to $2,193 per ton, dropping by -38.3% against the previous month. In general, import price indicated a mild expansion from June 2022 to June 2023: its price increased at an average monthly rate of +1.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, ester gums import price decreased by -38.3% against May 2023 indices. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 49% m-o-m. Over the period under review, average import prices hit record highs at $3,554 per ton in May 2023, and then declined remarkably in the following month.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was France ($2,434 per ton), while the price for the Netherlands stood at $1,979 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Ester Gums Exports in Finland
In 2022, after three years of growth, there was significant decline in shipments abroad of ester gumses, when their volume decreased by -6.7% to 14K tons. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +18.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 44%.
In value terms, ester gums exports skyrocketed to $38M in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +18.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 35%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Ester Gums in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1.8 | 1.8 | 3.5 | 10.2 | 78.3% |
| Germany | 7.5 | 7.5 | 9.5 | 7.9 | 1.7% |
| United Kingdom | 6.2 | 3.8 | 4.2 | 5.4 | -4.5% |
| Poland | 3.3 | 3.8 | 4.6 | 5.1 | 15.6% |
| Italy | 0.6 | 1.0 | 2.7 | 2.6 | 63.0% |
| Russia | 1.3 | 1.3 | 1.4 | 2.0 | 15.4% |
| Turkey | 0.5 | 0.4 | 0.9 | 1.2 | 33.9% |
| Portugal | 0.9 | 1.1 | 0.8 | 0.5 | -17.8% |
| Others | 0.8 | 0.9 | 1.5 | 2.9 | 53.6% |
| Total | 22.9 | 21.6 | 29.3 | 37.8 | 18.2% |
Top Export Markets for Ester Gums from Finland in 2022:
- Netherlands (3.6K tons)
- Germany (3.0K tons)
- United Kingdom (2.2K tons)
- Poland (2.0K tons)
- Italy (1.1K tons)
- Russia (0.6K tons)
- Turkey (0.4K tons)
- Portugal (0.2K tons)
Ester Gums Imports in Finland
In 2022, ester gums imports into Finland shrank dramatically to 665 tons, falling by -34.8% against the previous year. Overall, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 12%.
In value terms, ester gums imports dropped to $1.8M in 2022. In general, imports saw a noticeable decrease. The most prominent rate of growth was recorded in 2021 with an increase of 8.7%.
| Import of Ester Gums in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 312 | 489 | 916 | 969 | 45.9% |
| France | 600 | 767 | 810 | 613 | 0.7% |
| Portugal | 120 | 160 | 39.2 | 64.8 | -18.6% |
| Belgium | 237 | 61.0 | N/A | 16.0 | -59.3% |
| Denmark | 628 | 204 | N/A | 9.9 | -74.9% |
| Others | 65.6 | 105 | 176 | 88.1 | 10.3% |
| Total | 1,962 | 1,786 | 1,941 | 1,761 | -3.5% |
Top Suppliers of Ester Gums to Finland in 2022:
- Netherlands (342.0 tons)
- France (284.1 tons)
- Portugal (24.0 tons)
- Denmark (1.5 tons)
- Belgium (1.5 tons)
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