Ester Gums Price in Indonesia - 2022

Contents:

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

Ester Gums Price in Indonesia (CIF) - 2022

The average ester gums import price stood at $4,778 per ton in March 2022, jumping by 52% against the previous month. Overall, the import price saw buoyant growth. The most prominent rate of growth was recorded in August 2021 when the average import price increased by 67% against the previous month. As a result, import price reached the peak level of $5,273 per ton. From September 2021 to March 2022, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($13,489 per ton), while the price for China ($2,515 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by the United States (+19.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Ester Gums Price in Indonesia (FOB) - 2022

In 2022, the average ester gums export price amounted to $2,474 per ton, growing by 33% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 40% against the previous year. The export price peaked at $2,614 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kenya ($2,563 per ton), while the average price for exports to Japan ($2,405 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 Kenya (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Ester Gums Imports in Indonesia

In 2022, the amount of ester gumses imported into Indonesia was estimated at 1.6K tons, with an increase of 7.5% against 2021 figures. The total import volume increased at an average annual rate of +1.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ester gums imports soared to $6.7M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +15.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.3% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Ester Gums to Indonesia in 2022:

1. United States (626.6 tons)
2. China (481.4 tons)
3. Taiwan (Chinese) (280.0 tons)
4. Japan (117.5 tons)
5. Portugal (42.4 tons)
6. France (36.7 tons)

Ester Gums Exports in Indonesia

After three years of growth, shipments abroad of ester gumses decreased by -46% to 241 tons in 2022. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 73% against the previous year.

In value terms, ester gums exports reduced sharply to $597K in 2022. In general, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 64%.

Top Export Markets for Ester Gums from Indonesia in 2022:

1. Japan (165.9 tons)
2. Malaysia (53.3 tons)
3. Kenya (19.7 tons)

Source: IndexBox Market Intelligence Platform