Ester Gums Price in Norway - 2023

Ester Gums Price in Norway (CIF) - 2022

The average ester gums import price stood at $2,468 per ton in 2022, with an increase of 27% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $2,844 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 Denmark ($3,714 per ton), while the price for the Netherlands ($2,078 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (-0.6%), while the prices for the other major suppliers experienced a decline.

Ester Gums Price in Norway (FOB) - 2022

In 2022, the average ester gums export price amounted to $2,594 per ton, shrinking by -57.4% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 74%. Over the period under review, the average export prices attained the peak figure at $6,090 per ton in 2021, and then shrank remarkably in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Sweden amounted to +0.9% per year.

Ester Gums Imports in Norway

In 2022, the amount of ester gumses imported into Norway stood at 1.4K tons, flattening at the year before. In general, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +18.6% 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 decreased by -4.0% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 74% against the previous year. As a result, imports reached the peak of 1.4K tons; afterwards, it flattened through to 2022.

In value terms, ester gums imports skyrocketed to $3.4M in 2022. Overall, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 72% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Ester Gums in Norway (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Sweden	279	1,132	582	1,853	88.0%
France	432	686	469	1,272	43.3%
Denmark	51.6	81.4	66.8	124	33.9%
Netherlands	56.6	70.5	67.4	86.6	15.2%
United Kingdom	1.1	3.3	4.3	53.9	265.9%
China	47.1	59.9	32.4	N/A	-17.1%
United States	596	514	142	N/A	-51.2%
Others	24.1	14.3	1,290	31.1	8.9%
Total	1,487	2,562	2,654	3,420	32.0%

Top Suppliers of Ester Gums to Norway in 2022:

Sweden (773.3 tons)
France (504.9 tons)
Netherlands (41.7 tons)
Denmark (33.3 tons)
United Kingdom (22.1 tons)

Ester Gums Exports in Norway

In 2022, shipments abroad of ester gumses was finally on the rise to reach 31 tons after two years of decline. Overall, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, ester gums exports skyrocketed to $81K in 2022. In general, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.