Gum Arabic Price in Angola - 2022

Gum Arabic Price in Angola (CIF) - 2022

In 2022, the average gum arabic import price amounted to $6,221 per ton, with an increase of 3.4% against the previous year. In general, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, gum arabic import price decreased by -8.3% against 2020 indices. The growth pace was the most rapid in 2013 when the average import price increased by 42%. Over the period under review, average import prices attained the peak figure at $8,911 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Portugal.

From 2012 to 2022, the rate of growth in terms of prices for Portugal amounted to +3.0% per year.

Gum Arabic Imports in Angola

In 2022, approx. 4 tons of gum arabics were imported into Angola; waning by -31.8% on the year before. In general, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 175%. As a result, imports reached the peak of 5.9 tons, and then dropped rapidly in the following year.

In value terms, gum arabic imports fell markedly to $25K in 2022. Overall, imports showed a noticeable setback. The most prominent rate of growth was recorded in 2021 with an increase of 144% against the previous year. As a result, imports reached the peak of $35K, and then shrank notably in the following year.