Ester Gums Price in Spain - 2023
Contents:
- Ester Gums Price in Spain (CIF) - 2022
- Ester Gums Price in Spain (FOB) - 2023
- Ester Gums Imports in Spain
- Ester Gums Exports in Spain
Ester Gums Price in Spain (CIF) - 2022
In 2022, the average ester gums import price amounted to $2,539 per ton, surging by 30% against the previous year. Overall, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.3% 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 +58.3% against 2020 indices. Over the period under review, average import prices attained the maximum at $2,634 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 China ($6,328 per ton), while the price for the Netherlands ($1,993 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Ester Gums Price in Spain (FOB) - 2023
In June 2023, the average ester gums export price amounted to $2,312 per ton, falling by -4.8% against the previous month. Over the period under review, the export price saw a slight downturn. The pace of growth was the most pronounced in November 2022 an increase of 9.1% against the previous month. Over the period under review, the average export prices hit record highs at $2,745 per ton in June 2022; however, from July 2022 to June 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($3,214 per ton), while the average price for exports to Denmark ($1,816 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (0.0%), while the prices for the other major destinations experienced a decline.
Ester Gums Imports in Spain
In 2022, approx. 11K tons of ester gumses were imported into Spain; dropping by -1.5% compared with the previous year. Overall, imports recorded a mild slump. The most prominent rate of growth was recorded in 2021 when imports increased by 4.7%.
In value terms, ester gums imports skyrocketed to $27M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +13.9% 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 increased by +63.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Ester Gums in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 6.1 | 7.6 | 10.7 | 14.2 | 32.5% |
| France | 6.8 | 5.1 | 3.5 | 4.5 | -12.9% |
| Netherlands | 1.8 | 1.4 | 1.7 | 2.9 | 17.2% |
| Belgium | 0.6 | 0.9 | 3.0 | 2.2 | 54.2% |
| Sweden | 0.3 | 0.1 | 0.4 | 1.2 | 58.7% |
| China | 0.8 | 0.9 | 0.7 | 0.9 | 4.0% |
| United States | 0.9 | 0.2 | 0.7 | 0.6 | -12.6% |
| Others | 1.2 | 0.4 | 0.7 | 1.0 | -5.9% |
| Total | 18.5 | 16.8 | 21.4 | 27.4 | 14.0% |
Top Suppliers of Ester Gums to Spain in 2022:
- Portugal (5.5K tons)
- France (1.9K tons)
- Netherlands (1.5K tons)
- Belgium (0.8K tons)
- Sweden (0.4K tons)
- United States (0.2K tons)
- China (0.1K tons)
Ester Gums Exports in Spain
Ester gums exports from Spain declined to 7.9K tons in 2022, reducing by -5.7% compared with 2021. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 20%. As a result, the exports reached the peak of 8.4K tons, and then dropped in the following year.
In value terms, ester gums exports soared to $23M in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +15.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 46% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Ester Gums in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 8.4 | 7.1 | 10.8 | 12.3 | 13.6% |
| France | 4.1 | 4.0 | 5.6 | 7.4 | 21.8% |
| Turkey | 0.5 | 0.8 | 1.1 | 1.3 | 37.5% |
| Belgium | N/A | N/A | 0.1 | 0.4 | 300.0% |
| Poland | 0.9 | 0.1 | 0.2 | 0.2 | -39.4% |
| Others | 1.0 | 0.9 | 1.1 | 1.3 | 9.1% |
| Total | 14.9 | 12.9 | 18.8 | 22.9 | 15.4% |
Top Export Markets for Ester Gums from Spain in 2022:
- Italy (4.5K tons)
- France (2.4K tons)
- Turkey (0.5K tons)
- Poland (0.1K tons)
- Belgium (0.1K tons)
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