Ester Gums Price in Hungary - 2023
Contents:
- Ester Gums Price in Hungary (CIF) - 2022
- Ester Gums Price in Hungary (FOB) - 2022
- Ester Gums Imports in Hungary
- Ester Gums Exports in Hungary
Ester Gums Price in Hungary (CIF) - 2022
In 2022, the average ester gums import price amounted to $7,735 per ton, rising by 15% against the previous year. Over the period under review, the import price saw prominent growth. The most prominent rate of growth was recorded in 2017 an increase of 69%. The import price peaked in 2022 and is likely to continue growth in years to come.
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 the United States ($24,198 per ton), while the price for Sweden ($3,235 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Ester Gums Price in Hungary (FOB) - 2022
The average ester gums export price stood at $2,399 per ton in 2021, which is down by -49.5% against the previous year. Overall, the export price faced a abrupt decrease. The pace of growth appeared the most rapid in 2018 an increase of 184% against the previous year. The export price peaked at $10,980 per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Romania.
From 2015 to 2021, the rate of growth in terms of prices for Romania amounted to 0.0% per year.
Ester Gums Imports in Hungary
In 2022, after three years of growth, there was significant decline in purchases abroad of ester gumses, when their volume decreased by -43.6% to 11 tons. Over the period under review, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 36% against the previous year.
In value terms, ester gums imports contracted significantly to $86K in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +5.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 47% against the previous year.
| Import of Ester Gums in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 46.2 | 77.4 | 82.2 | 41.0 | -3.9% |
| France | 20.9 | 23.1 | 37.0 | 16.6 | -7.4% |
| United States | N/A | N/A | N/A | 15.3 | 0% |
| Belgium | 3.6 | 3.7 | 7.5 | 8.8 | 34.7% |
| Netherlands | N/A | N/A | N/A | 3.4 | 0% |
| Sweden | 0.1 | N/A | N/A | 0.6 | 81.7% |
| Others | 1.8 | 2.6 | 6.7 | 0.3 | -45.0% |
| Total | 72.5 | 107 | 133 | 86.2 | 5.9% |
Top Suppliers of Ester Gums to Hungary in 2022:
- Germany (6.5 tons)
- Belgium (2.0 tons)
- France (1.5 tons)
- United States (0.6 tons)
- Netherlands (0.2 tons)
- Sweden (0.2 tons)
Ester Gums Exports in Hungary
In 2021, the amount of ester gumses exported from Hungary surged to 22 tons, growing by 2,744% compared with the year before. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, ester gums exports skyrocketed to $53K in 2021. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Ester Gums in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Romania | N/A | N/A | 51.5 | 0% | |
| Others | 0.3 | 3.7 | 1.2 | 100.0% | |
| Total | 0.3 | 3.7 | 52.7 | 1225.4% | |
Top Export Markets for Ester Gums from Hungary in 2022:
- Romania (22.0 tons)
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