Ester Gums Price in Serbia - 2023
Contents:
- Ester Gums Price in Serbia (CIF) - 2022
- Ester Gums Price in Serbia (FOB) - 2022
- Ester Gums Imports in Serbia
- Ester Gums Exports in Serbia
Ester Gums Price in Serbia (CIF) - 2022
In 2022, the average ester gums import price amounted to $4,061 per ton, with an increase of 11% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 17%. The import price peaked at $4,473 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($6,141 per ton), while the price for Portugal ($3,323 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Ester Gums Price in Serbia (FOB) - 2022
The average ester gums export price stood at $17,167 per ton in 2022, growing by 207% against the previous year. Over the period under review, the export price posted a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Montenegro.
From 2012 to 2022, the rate of growth in terms of prices for Bosnia and Herzegovina amounted to +8.6% per year.
Ester Gums Imports in Serbia
In 2022, supplies from abroad of ester gumses decreased by -33.3% to 18 tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 77% against the previous year. As a result, imports reached the peak of 32 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, ester gums imports contracted rapidly to $73K in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 53%. As a result, imports attained the peak of $110K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Ester Gums in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 0.9 | 4.2 | 14.4 | 30.6 | 224.0% |
| Czech Republic | 15.1 | 37.2 | 16.8 | 19.6 | 9.1% |
| Germany | N/A | N/A | N/A | 12.3 | 0% |
| Portugal | 0.7 | 3.2 | 3.2 | 6.6 | 111.3% |
| France | 6.9 | 5.5 | 13.4 | 3.4 | -21.0% |
| Austria | 3.4 | 3.3 | 2.4 | N/A | -16.0% |
| Italy | 8.7 | 6.7 | 2.6 | N/A | -45.3% |
| Others | 35.9 | 49.4 | 46.0 | 0.6 | -74.4% |
| Total | 71.5 | 110 | 98.9 | 73.1 | 0.7% |
Top Suppliers of Ester Gums to Serbia in 2022:
- Greece (9.0 tons)
- Czech Republic (4.0 tons)
- Portugal (2.0 tons)
- Germany (2.0 tons)
- France (0.8 tons)
Ester Gums Exports in Serbia
After three years of growth, shipments abroad of ester gumses decreased by -91.3% to 18 kg in 2022. In general, exports continue to indicate a significant decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 2%.
In value terms, ester gums exports declined remarkably to $309 in 2022. Over the period under review, exports continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2020 when exports increased by 18% against the previous year.
| Export of Ester Gums in Serbia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Montenegro | 108 | 111 | 82.0 | 309 | 42.0% |
| Bosnia and Herzegovina | 748 | 899 | 811 | N/A | 4.1% |
| Netherlands | N/A | N/A | 271 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 856 | 1,010 | 1,164 | 309 | -28.8% |
Top Export Markets for Ester Gums from Serbia in 2022:
- Montenegro (18.0 kg)
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