Gum Arabic Price in Algeria - 2022

Contents:

1. Gum Arabic Price in Algeria (CIF) - 2022
2. Gum Arabic Price in Algeria (FOB) - 2022
3. Gum Arabic Imports in Algeria
4. Gum Arabic Exports in Algeria

Gum Arabic Price in Algeria (CIF) - 2022

The average gum arabic import price stood at $6,184 per ton in 2022, which is down by -21.7% against the previous year. Overall, the import price, however, continues to indicate notable growth. The pace of growth was the most pronounced in 2019 when the average import price increased by 56%. The import price peaked at $7,901 per ton in 2021, and then dropped notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ethiopia ($11,030 per ton), while the price for Niger ($262 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ethiopia (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Gum Arabic Price in Algeria (FOB) - 2022

In 2021, the average gum arabic export price amounted to $5,053 per ton, remaining relatively unchanged against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 a decrease of 99.9% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2019 to 2021, the rate of growth in terms of prices for Denmark amounted to 0.0% per year.

Gum Arabic Imports in Algeria

In 2022, supplies from abroad of gum arabics decreased by -40.6% to 189 tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 35% against the previous year. As a result, imports reached the peak of 384 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, gum arabic imports declined dramatically to $1.2M in 2022. Overall, imports recorded a deep setback. The pace of growth appeared the most rapid in 2020 with an increase of 47%.

Top Suppliers of Gum Arabic to Algeria in 2022:

1. Sudan (61.0 tons)
2. France (58.9 tons)
3. Ethiopia (25.0 tons)
4. Egypt (8.2 tons)
5. United Kingdom (7.5 tons)
6. Niger (7.4 tons)
7. Italy (3.4 tons)

Gum Arabic Exports in Algeria

In 2021, the amount of gum arabics exported from Algeria stood at 2.5 tons, flattening at 2020. Over the period under review, exports recorded a sharp contraction. The smallest decline of 99.9% was in 2020.

In value terms, gum arabic exports amounted to $13K in 2021. Overall, exports saw a sharp downturn. The smallest decline of 99.9% was in 2020.

Top Export Markets for Gum Arabic from Algeria in 2022:

1. Denmark (2.5 tons)

Source: IndexBox Market Intelligence Platform