Ester Gums Price in Morocco - 2022
Contents:
- Ester Gums Price in Morocco (CIF) - 2022
- Ester Gums Price in Morocco (FOB) - 2022
- Ester Gums Imports in Morocco
- Ester Gums Exports in Morocco
Ester Gums Price in Morocco (CIF) - 2022
The average ester gums import price stood at $2,945 per ton in 2022, with an increase of 34% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($8,054 per ton), while the price for Portugal ($2,753 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 (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Ester Gums Price in Morocco (FOB) - 2022
The average ester gums export price stood at $316 per ton in 2021, dropping by -37.3% against the previous year. Overall, the export price recorded a sharp reduction. Over the period under review, the average export prices attained the maximum at $504 per ton in 2020, and then declined significantly in the following year.
As there is only one major export destination, the average price level is determined by prices for Italy.
From 2020 to 2021, the rate of growth in terms of prices for Italy amounted to 0.0% per year.
Ester Gums Imports in Morocco
In 2022, overseas purchases of ester gumses decreased by -13.5% to 238 tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a pronounced descent. The pace of growth was the most pronounced in 2020 with an increase of 14%. As a result, imports attained the peak of 291 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, ester gums imports skyrocketed to $702K in 2022. The total import value increased at an average annual rate of +11.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Ester Gums in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 296 | 282 | 219 | 282 | -1.6% |
| China | 17.5 | 23.3 | 25.3 | 223 | 133.6% |
| Portugal | 45.8 | 73.0 | 16.3 | 101 | 30.2% |
| Mexico | 25.6 | 64.2 | 57.6 | 54.8 | 28.9% |
| Netherlands | 11.8 | 11.7 | 13.7 | 38.3 | 48.1% |
| Belgium | 39.9 | 38.9 | 34.8 | N/A | -6.6% |
| Brazil | 11.6 | 12.5 | 12.8 | N/A | 5.0% |
| Others | 52.6 | 32.7 | 225 | 2.9 | -61.9% |
| Total | 500 | 538 | 605 | 702 | 12.0% |
Top Suppliers of Ester Gums to Morocco in 2022:
- Greece (100.8 tons)
- China (75.6 tons)
- Portugal (36.6 tons)
- Mexico (19.5 tons)
- Netherlands (4.8 tons)
Ester Gums Exports in Morocco
Ester gums exports from Morocco reduced remarkably to 15 tons in 2021, shrinking by -77.7% compared with the previous year's figure. Overall, exports faced a sharp descent.
In value terms, ester gums exports dropped significantly to $4.9K in 2021. Over the period under review, exports saw a precipitous setback.
| Export of Ester Gums in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 | ||
| Italy | N/A | 2.4 | 0% | ||
| Nigeria | 34.9 | N/A | 0% | ||
| Others | N/A | 2.5 | 0% | ||
| Total | 34.9 | 4.9 | -86.0% | ||
Top Export Markets for Ester Gums from Morocco in 2022:
- Italy (7.7 tons)
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