Gum Arabic Price in Argentina - 2023

Contents:

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

Gum Arabic Price in Argentina (CIF) - 2022

In 2022, the average gum arabic import price amounted to $3,649 per ton, dropping by -2.1% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 17%. Over the period under review, average import prices hit record highs at $4,367 per ton in 2013; however, from 2014 to 2022, import prices remained at a 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 Nigeria ($11,500 per ton), while the price for Spain ($2,705 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Gum Arabic Price in Argentina (FOB) - 2022

In 2022, the average gum arabic export price amounted to $3,107 per ton, dropping by -9.4% against the previous year. Overall, the export price, however, showed a strong increase. The most prominent rate of growth was recorded in 2018 an increase of 65%. As a result, the export price attained the peak level of $4,705 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

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 Brazil ($8,637 per ton), while the average price for exports to Colombia ($497 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 Brazil (+24.1%), while the prices for the other major destinations experienced more modest paces of growth.

Gum Arabic Imports in Argentina

For the fourth consecutive year, Argentina recorded growth in supplies from abroad of gum arabics, which increased by 16% to 1.6K tons in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +17.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.4% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 22%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, gum arabic imports rose remarkably to $5.8M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +17.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.1% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 25% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Top Suppliers of Gum Arabic to Argentina in 2022:

1. France (368.6 tons)
2. Italy (257.3 tons)
3. United States (61.4 tons)
4. Chad (48.2 tons)
5. Sudan (34.5 tons)
6. Mexico (14.2 tons)
7. Nigeria (13.3 tons)

Gum Arabic Exports in Argentina

In 2022, the amount of gum arabics exported from Argentina soared to 19 tons, with an increase of 17% compared with the previous year's figure. The total export volume increased at an average annual rate of +5.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 24% against the previous year. As a result, the exports attained the peak of 20 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, gum arabic exports expanded remarkably to $58K in 2022. The total export value increased at an average annual rate of +12.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 51%. As a result, the exports reached the peak of $61K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Top Export Markets for Gum Arabic from Argentina in 2022:

1. Colombia (7.8 tons)
2. Chile (4.3 tons)
3. Brazil (2.4 tons)
4. Bolivia (2.2 tons)
5. Uruguay (1.7 tons)

Source: IndexBox Market Intelligence Platform