Gum Arabic Price in Bahrain - 2022

Contents:

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

Gum Arabic Price in Bahrain (CIF) - 2022

The average gum arabic import price stood at $3,690 per ton in 2022, dropping by -7% against the previous year. In general, the import price, however, recorded measured growth. The most prominent rate of growth was recorded in 2018 an increase of 85%. The import price peaked at $5,030 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Iraq ($5,197 per ton), while the price for Pakistan ($752 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Somalia (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Gum Arabic Price in Bahrain (FOB) - 2022

In 2022, the average gum arabic export price amounted to $15,155 per ton, with an increase of 3.9% against the previous year. In general, the export price recorded modest growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($22,500 per ton), while the average price for exports to the United Arab Emirates stood at $14,477 per ton.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-1.3%).

Gum Arabic Imports in Bahrain

After three years of growth, overseas purchases of gum arabics decreased by -61% to 8.7 tons in 2022. In general, imports recorded a precipitous decline. The growth pace was the most rapid in 2020 with an increase of 21% against the previous year.

In value terms, gum arabic imports shrank dramatically to $32K in 2022. Over the period under review, imports faced a sharp decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 4.4%. As a result, imports reached the peak of $95K. From 2021 to 2022, the growth of imports failed to regain momentum.

Top Suppliers of Gum Arabic to Bahrain in 2022:

1. United Arab Emirates (undefined tons)
2. Sudan (4.0 tons)
3. Somalia (1.4 tons)
4. Nigeria (1.4 tons)
5. Iraq (1.0 tons)
6. Pakistan (0.8 tons)
7. Egypt (0.1 tons)

Gum Arabic Exports in Bahrain

Gum arabic exports from Bahrain surged to 142 kg in 2022, with an increase of 31% compared with the previous year's figure. In general, total exports indicated a significant expansion from 2020 to 2022: its volume increased at an average annual rate of +30.0% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.0% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, gum arabic exports skyrocketed to $2.2K in 2022. Overall, total exports indicated a significant expansion from 2020 to 2022: its value increased at an average annual rate of +31.3% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.4% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Gum Arabic from Bahrain in 2022:

1. United Arab Emirates (130.0 kg)
2. Oman (12.0 kg)

Source: IndexBox Market Intelligence Platform