Ester Gums Price in South Africa - 2023

Contents:

1. Ester Gums Price in South Africa (CIF) - 2023
2. Ester Gums Price in South Africa (FOB) - 2022
3. Ester Gums Imports in South Africa
4. Ester Gums Exports in South Africa

Ester Gums Price in South Africa (CIF) - 2023

In July 2023, the average ester gums import price amounted to $4,596 per ton, falling by -19.4% against the previous month. Over the period under review, the import price, however, continues to indicate a noticeable expansion. The most prominent rate of growth was recorded in August 2022 an increase of 215% against the previous month. As a result, import price reached the peak level of $8,615 per ton. From September 2022 to July 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($12,669 per ton), while the price for Sweden ($3,026 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the United States (+30.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Ester Gums Price in South Africa (FOB) - 2022

In 2022, the average ester gums export price amounted to $7,735 per ton, increasing by 41% against the previous year. Over the period under review, the export price, however, recorded a mild reduction. The pace of growth was the most pronounced in 2019 when the average export price increased by 801%. Over the period under review, the average export prices attained the maximum at $10,613 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zimbabwe ($7,851 per ton), while the average price for exports to Swaziland ($1,758 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zimbabwe (+1.1%), while the prices for the other major destinations experienced a decline.

Ester Gums Imports in South Africa

In 2022, approx. 438 tons of ester gumses were imported into South Africa; which is down by -12.9% against 2021 figures. Overall, imports showed a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 11%.

In value terms, ester gums imports shrank to $1.6M in 2022. In general, imports saw a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of 17%.

Top Suppliers of Ester Gums to South Africa in 2022:

1. Sweden (275.7 tons)
2. India (48.0 tons)
3. Portugal (35.2 tons)
4. United States (26.6 tons)
5. France (22.0 tons)
6. Belgium (12.0 tons)
7. Netherlands (11.3 tons)

Ester Gums Exports in South Africa

In 2022, exports of ester gumses from South Africa contracted significantly to 2 tons, which is down by -76.6% against the previous year's figure. Over the period under review, exports showed a deep slump. The growth pace was the most rapid in 2021 when exports increased by 337% against the previous year. As a result, the exports reached the peak of 8.5 tons, and then reduced sharply in the following year.

In value terms, ester gums exports fell rapidly to $15K in 2022. Overall, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 126%. As a result, the exports reached the peak of $47K, and then dropped sharply in the following year.

Top Export Markets for Ester Gums from South Africa in 2022:

1. Zimbabwe (1817.0 kg)
2. Malawi (155.0 kg)
3. Swaziland (11.0 kg)

Source: IndexBox Market Intelligence Platform