Ester Gums Price in Iran - 2021

Ester Gums Price in Iran (CIF) - 2022

The average ester gums import price stood at $2,253 per ton in 2022, with a decrease of -18.9% against the previous year. Over the period under review, the import price recorded a pronounced reduction. The pace of growth was the most pronounced in 2020 an increase of 17%. The import price peaked at $3,430 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 France ($4,160 per ton), while the price for Greece ($1,350 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Ester Gums Price in Iran (FOB) - 2022

In 2021, the average ester gums export price amounted to $1,338 per ton, declining by -47.6% against the previous year. Over the period under review, the export price faced a significant curtailment. The export price peaked at $15,000 per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Oman.

From 2017 to 2021, the rate of growth in terms of prices for Oman amounted to 0.0% per year.

Ester Gums Imports in Iran

In 2022, overseas purchases of ester gumses decreased by -65.7% to 201 tons, falling for the second consecutive year after two years of growth. Overall, imports faced a sharp shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 26%. As a result, imports attained the peak of 803 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, ester gums imports declined dramatically to $452K in 2022. Over the period under review, imports saw a precipitous curtailment. The growth pace was the most rapid in 2020 when imports increased by 48%. As a result, imports attained the peak of $2.3M. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Ester Gums in Iran (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	334	616	609	130	-27.0%
France	268	738	193	96.2	-28.9%
United Arab Emirates	68.9	354	92.4	73.5	2.2%
India	282	44.0	44.5	55.0	-42.0%
China	341	313	493	22.1	-59.8%
Japan	47.5	49.5	46.5	19.8	-25.3%
Greece	56.2	53.6	46.2	18.0	-31.6%
Others	151	124	98.5	38.0	-36.9%
Total	1,549	2,291	1,624	452	-33.7%

Top Suppliers of Ester Gums to Iran in 2022:

Turkey (71.1 tons)
United Arab Emirates (36.1 tons)
India (23.7 tons)
France (23.1 tons)
Greece (13.4 tons)
Japan (8.3 tons)
China (8.0 tons)

Ester Gums Exports in Iran

In 2021, approx. 777 kg of ester gumses were exported from Iran; rising by 109% on the previous year's figure. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, ester gums exports expanded notably to $1K in 2021. The total export value increased at an average annual rate of +9.7% from 2020 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.