Ester Gums Price in Hong Kong SAR - 2022
Contents:
- Ester Gums Price in Hong Kong SAR (CIF) - 2022
- Ester Gums Price in Hong Kong SAR (FOB) - 2022
- Ester Gums Imports in Hong Kong SAR
- Ester Gums Exports in Hong Kong SAR
Ester Gums Price in Hong Kong SAR (CIF) - 2022
In 2022, the average ester gums import price amounted to $5,486 per ton, jumping by 79% against the previous year. In general, the import price continues to indicate a remarkable increase. The growth pace was the most rapid in 2021 an increase of 343%. Over the period under review, average import prices reached the maximum at $6,177 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Singapore.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +0.3% per year.
Ester Gums Price in Hong Kong SAR (FOB) - 2022
The average ester gums export price stood at $1,941 per ton in 2022, with a decrease of -49.1% against the previous year. In general, the export price continues to indicate a noticeable setback. The growth pace was the most rapid in 2021 when the average export price increased by 59% against the previous year. As a result, the export price reached the peak level of $3,815 per ton, and then shrank remarkably in the following year.
As there is only one major export destination, the average price level is determined by prices for Guatemala.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +10.6% per year.
Ester Gums Imports in Hong Kong SAR
In 2022, overseas purchases of ester gumses decreased by -40.4% to 23 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2020 with an increase of 312% against the previous year. As a result, imports reached the peak of 142 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, ester gums imports expanded rapidly to $124K in 2022. The total import value increased at an average annual rate of +11.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 18%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Ester Gums in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 62.2 | N/A | N/A | 61.5 | -0.4% |
| China | N/A | N/A | 102 | N/A | 0% |
| Thailand | 28.5 | 98.7 | N/A | N/A | 246.3% |
| Others | N/A | N/A | 15.0 | 62.7 | 318.0% |
| Total | 90.7 | 98.7 | 117 | 124 | 11.0% |
Top Suppliers of Ester Gums to Hong Kong SAR in 2022:
- Singapore (2.9 tons)
Ester Gums Exports in Hong Kong SAR
After two years of decline, overseas shipments of ester gumses increased by 416% to 19 tons in 2022. In general, exports, however, faced a precipitous slump.
In value terms, ester gums exports skyrocketed to $37K in 2022. Over the period under review, exports, however, recorded a significant decrease.
| Export of Ester Gums in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 18.7 | 19.4 | 7.3 | 24.7 | 9.7% |
| Nigeria | 1.1 | N/A | N/A | N/A | 0% |
| Germany | 28.1 | N/A | N/A | N/A | 0% |
| Others | 28.1 | 0.2 | 6.6 | 11.9 | -24.9% |
| Total | 76.0 | 19.6 | 13.9 | 36.5 | -21.7% |
Top Export Markets for Ester Gums from Hong Kong SAR in 2022:
- Guatemala (10.6 tons)
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