Ester Gums Price in Thailand - 2023

Contents:

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

Ester Gums Price in Thailand (CIF) - 2022

In 2022, the average ester gums import price amounted to $3,088 per ton, shrinking by -10% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.2% 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 +39.4% against 2019 indices. The growth pace was the most rapid in 2021 when the average import price increased by 45% against the previous year. As a result, import price reached the peak level of $3,429 per ton, and then shrank 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 Japan ($5,279 per ton), while the price for New Zealand ($1,541 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.0%), while the prices for the other major suppliers experienced a decline.

Ester Gums Price in Thailand (FOB) - 2022

The average ester gums export price stood at $2,490 per ton in 2022, with a decrease of -6% against the previous year. In general, the export price, however, continues to indicate pronounced growth. The growth pace was the most rapid in 2016 when the average export price increased by 99% against the previous year. Over the period under review, the average export prices hit record highs at $4,248 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to +10.8% per year.

Ester Gums Imports in Thailand

In 2022, the amount of ester gumses imported into Thailand reduced modestly to 544 tons, remaining stable against 2021 figures. The total import volume increased at an average annual rate of +8.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 32%. As a result, imports reached the peak of 548 tons, leveling off in the following year.

In value terms, ester gums imports shrank to $1.7M in 2022. Over the period under review, imports, however, saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 91%. As a result, imports attained the peak of $1.9M, and then contracted in the following year.

Top Suppliers of Ester Gums to Thailand in 2022:

1. China (282.8 tons)
2. United States (110.6 tons)
3. Malaysia (72.0 tons)
4. New Zealand (20.0 tons)
5. Japan (17.5 tons)
6. India (17.4 tons)

Ester Gums Exports in Thailand

In 2022, overseas shipments of ester gumses decreased by -89.6% to 400 kg for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 596% against the previous year. As a result, the exports reached the peak of 3.9 tons, and then declined notably in the following year.

In value terms, ester gums exports declined dramatically to $996 in 2022. In general, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 1,017%. As a result, the exports reached the peak of $10K, and then shrank significantly in the following year.

Top Export Markets for Ester Gums from Thailand in 2022:

1. Malaysia (400.0 kg)

Source: IndexBox Market Intelligence Platform