Ester Gums Price in India - 2023
Contents:
- Ester Gums Price in India (CIF) - 2023
- Ester Gums Price in India (FOB) - 2023
- Ester Gums Imports in India
- Ester Gums Exports in India
Ester Gums Price in India (CIF) - 2023
In July 2023, the average ester gums import price amounted to $2,019 per ton, dropping by -2.6% against the previous month. In general, the import price recorded a noticeable downturn. The pace of growth was the most pronounced in November 2022 an increase of 40% against the previous month. As a result, import price attained the peak level of $3,514 per ton. From December 2022 to July 2023, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the country with the highest price was the United States ($2,157 per ton), while the price for Indonesia ($1,627 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+12.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Ester Gums Price in India (FOB) - 2023
In July 2023, the average ester gums export price amounted to $5,505 per ton, increasing by 67% against the previous month. In general, the export price, however, showed a abrupt decline. The growth pace was the most rapid in April 2023 an increase of 172% month-to-month. The export price peaked at $11,292 per ton in July 2022; however, from August 2022 to July 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was France ($15,046 per ton), while the average price for exports to Nepal ($1,342 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.
Ester Gums Imports in India
In 2022, approx. 4K tons of ester gumses were imported into India; shrinking by -5.5% on 2021. The total import volume increased at an average annual rate of +3.6% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 28%. As a result, imports attained the peak of 4.2K tons, and then declined in the following year.
In value terms, ester gums imports surged to $10M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +13.6% 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 +72.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Ester Gums in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 4.3 | 3.8 | 3.5 | 5.1 | 5.9% |
| United States | 2.2 | 1.7 | 2.9 | 3.9 | 21.0% |
| Malaysia | N/A | N/A | 0.3 | 0.4 | 33.3% |
| France | 0.3 | 0.3 | 0.2 | 0.3 | 0.0% |
| Others | 0.1 | 0.1 | 0.6 | 0.3 | 44.2% |
| Total | 6.9 | 5.8 | 7.4 | 10.1 | 13.5% |
Top Suppliers of Ester Gums to India in 2022:
- Sweden (2313.4 tons)
- United States (1369.7 tons)
- Malaysia (155.9 tons)
- France (84.1 tons)
Ester Gums Exports in India
In 2022, shipments abroad of ester gumses increased by 39% to 636 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, faced a abrupt decrease.
In value terms, ester gums exports surged to $2.3M in 2022. In general, exports continue to indicate temperate growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Ester Gums in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 864 | 154 | 356 | 669 | -8.2% |
| Argentina | 273 | 246 | 170 | 320 | 5.4% |
| Nigeria | 108 | 131 | 118 | 222 | 27.1% |
| South Africa | 137 | 141 | 71.8 | 154 | 4.0% |
| Turkey | 123 | 197 | 23.7 | 141 | 4.7% |
| Nepal | 105 | 60.1 | 63.5 | 119 | 4.3% |
| Iran | 64.9 | 40.7 | 62.0 | 117 | 21.7% |
| Others | 393 | 171 | 517 | 553 | 12.1% |
| Total | 2,068 | 1,142 | 1,382 | 2,295 | 3.5% |
Top Export Markets for Ester Gums from India in 2022:
- Italy (279.6 tons)
- Argentina (73.1 tons)
- Turkey (51.4 tons)
- Nepal (50.8 tons)
- Nigeria (47.5 tons)
- South Africa (34.8 tons)
- Iran (27.3 tons)
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