Ester Gums Price in Germany - 2023

Contents:

  1. Ester Gums Price in Germany (CIF) - 2023
  2. Ester Gums Price in Germany (FOB) - 2022
  3. Ester Gums Imports in Germany
  4. Ester Gums Exports in Germany

Ester Gums Price in Germany (CIF) - 2023

The average ester gums import price stood at $3,193 per ton in June 2023, remaining constant against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.3%. The pace of growth was the most pronounced in November 2022 an increase of 10% month-to-month. The import price peaked at $3,268 per ton in January 2023; however, from February 2023 to June 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was France ($5,825 per ton), while the price for Sweden ($2,594 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Ester Gums Price in Germany (FOB) - 2022

In 2022, the average ester gums export price amounted to $4,629 per ton, growing by 62% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The export price peaked at $5,086 per ton in 2014; however, from 2015 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 Russia ($8,428 per ton), while the average price for exports to the Netherlands ($3,063 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 Russia (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Ester Gums Imports in Germany

After three years of growth, overseas purchases of ester gumses decreased by -4.5% to 17K tons in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +12.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.2% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 41% against the previous year. As a result, imports attained the peak of 17K tons, and then dropped modestly in the following year.

In value terms, ester gums imports soared to $50M in 2022. In general, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 56% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Import of Ester Gums in Germany (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Belgium1.23.28.411.8114.2%
Netherlands7.47.87.99.79.4%
France3.56.16.18.031.7%
Portugal4.83.44.77.214.5%
Sweden3.11.94.85.621.8%
Finland5.21.55.32.6-20.6%
IndiaN/AN/A0.72.4242.9%
Others2.91.71.92.5-4.8%
Total28.125.639.949.821.0%

Top Suppliers of Ester Gums to Germany in 2022:

  1. Belgium (3.5K tons)
  2. France (2.8K tons)
  3. Netherlands (2.7K tons)
  4. Sweden (2.7K tons)
  5. Portugal (2.5K tons)
  6. Finland (1.0K tons)
  7. India (0.8K tons)

Ester Gums Exports in Germany

Ester gums exports from Germany shrank dramatically to 792 tons in 2022, waning by -59.2% against the previous year's figure. Over the period under review, exports faced a dramatic decline. The growth pace was the most rapid in 2021 when exports increased by 79% against the previous year.

In value terms, ester gums exports fell rapidly to $3.7M in 2022. In general, exports saw a deep downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 66% against the previous year.

Export of Ester Gums in Germany (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom29811135953721.7%
Netherlands3,4541,2852,416532-46.4%
Russia16220125648544.1%
France4363876154561.5%
Belgium733265583354-21.5%
Austria21.1283318314146.0%
Spain2101672712495.8%
Switzerland1261081141649.2%
Sweden12987.813991.0-11.0%
Italy32711111376.4-38.4%
Others560332346407-10.1%
Total6,4553,3385,5313,665-17.2%

Top Export Markets for Ester Gums from Germany in 2022:

  1. Netherlands (173.7 tons)
  2. United Kingdom (165.2 tons)
  3. France (90.8 tons)
  4. Belgium (81.8 tons)
  5. Russia (57.6 tons)
  6. Austria (55.2 tons)
  7. Spain (40.6 tons)
  8. Switzerland (37.6 tons)
  9. Sweden (14.3 tons)
  10. Italy (11.2 tons)

Source: IndexBox Market Intelligence Platform

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