Ester Gums Price in Romania - 2023

Ester Gums Price in Romania (CIF) - 2022

The average ester gums import price stood at $4,457 per ton in 2022, declining by -7.7% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ester gums import price increased by +81.7% against 2017 indices. The most prominent rate of growth was recorded in 2018 an increase of 39% against the previous year. Over the period under review, average import prices attained the maximum at $4,828 per ton in 2021, and then dropped in the following year.

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 the United States ($14,940 per ton), while the price for Greece ($2,956 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Ester Gums Price in Romania (FOB) - 2022

The average ester gums export price stood at $8,843 per ton in 2022, picking up by 1.7% against the previous year. Overall, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +9.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ester gums export price decreased by -4.2% against 2018 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by 197%. Over the period under review, the average export prices reached the maximum at $10,450 per ton in 2014; however, from 2015 to 2022, 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 Belarus.

From 2012 to 2022, the rate of growth in terms of prices for Belarus amounted to +2.1% per year.

Ester Gums Imports in Romania

Ester gums imports into Romania contracted markedly to 24 tons in 2022, reducing by -27.7% compared with the previous year. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 52% against the previous year. As a result, imports reached the peak of 34 tons, and then fell remarkably in the following year.

In value terms, ester gums imports contracted remarkably to $109K in 2022. In general, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 81% against the previous year. As a result, imports attained the peak of $163K, and then contracted dramatically in the following year.

Import of Ester Gums in Romania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	20.6	15.4	37.5	35.7	20.1%
Greece	20.6	15.5	23.0	22.2	2.5%
United States	N/A	N/A	5.1	16.4	221.6%
Germany	27.9	14.2	0.5	15.9	-17.1%
Netherlands	13.5	37.2	82.3	9.6	-10.7%
Portugal	N/A	N/A	4.1	7.2	75.6%
Italy	N/A	N/A	4.2	1.8	-57.1%
Finland	N/A	N/A	6.1	0.1	-98.4%
Sweden	10.1	7.7	0.2	N/A	-85.9%
Others	0.8	N/A	0.3	N/A	-38.8%
Total	93.5	90.0	163	109	5.2%

Top Suppliers of Ester Gums to Romania in 2022:

Finland (undefined tons)
France (10.7 tons)
Greece (7.5 tons)
Germany (2.0 tons)
Portugal (1.6 tons)
Netherlands (1.2 tons)
United States (1.1 tons)
Italy (0.4 tons)

Ester Gums Exports in Romania

In 2022, shipments abroad of ester gumses decreased by -4% to 600 kg for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 when exports increased by 108%. As a result, the exports reached the peak of 625 kg, and then reduced in the following year.

In value terms, ester gums exports shrank modestly to $5.3K in 2022. In general, exports, however, posted a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 99%. As a result, the exports attained the peak of $5.4K, and then fell in the following year.