Ester Gums Price in the UK - 2023

Contents:

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

Ester Gums Price in the UK (CIF) - 2023

The average ester gums import price stood at $2,745 per ton in June 2023, increasing by 4% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.1%. The pace of growth appeared the most rapid in February 2023 an increase of 14% against the previous month. As a result, import price attained the peak level of $2,846 per ton. From March 2023 to June 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Greece ($5,772 per ton), while the price for the Netherlands ($1,933 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Greece (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Ester Gums Price in the UK (FOB) - 2022

The average ester gums export price stood at $4,750 per ton in 2022, waning by -28.5% against the previous year. Overall, the export price, however, posted prominent growth. The pace of growth appeared the most rapid in 2021 an increase of 113% against the previous year. As a result, the export price reached the peak level of $6,643 per ton, and then fell significantly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($21,304 per ton), while the average price for exports to the Netherlands ($2,724 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 Poland (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Ester Gums Imports in the UK

Ester gums imports into the UK fell markedly to 11K tons in 2022, with a decrease of -17.3% on 2021 figures. Overall, imports showed a perceptible curtailment. The growth pace was the most rapid in 2021 with an increase of 14% against the previous year. As a result, imports reached the peak of 13K tons, and then fell significantly in the following year.

In value terms, ester gums imports contracted to $26M in 2022. The total import value increased at an average annual rate of +4.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 29% against the previous year. As a result, imports attained the peak of $26M, leveling off in the following year.

Top Suppliers of Ester Gums to the UK in 2022:

1. Portugal (2.8K tons)
2. Netherlands (2.7K tons)
3. Finland (2.2K tons)
4. Sweden (1.6K tons)
5. United States (0.4K tons)
6. Belgium (0.3K tons)
7. France (0.2K tons)

Ester Gums Exports in the UK

In 2022, shipments abroad of ester gumses was finally on the rise to reach 86 tons after two years of decline. In general, exports, however, saw a sharp slump.

In value terms, ester gums exports soared to $409K in 2022. Overall, exports, however, recorded a deep reduction.

Top Export Markets for Ester Gums from the UK in 2022:

1. Netherlands (44.0 tons)
2. Ireland (21.9 tons)
3. Switzerland (8.1 tons)
4. Portugal (3.0 tons)
5. Poland (2.7 tons)
6. Mexico (2.5 tons)
7. United States (2.3 tons)

Source: IndexBox Market Intelligence Platform