Gum Arabic Price in Belarus - 2022
Contents:
- Gum Arabic Price in Belarus (CIF) - 2022
- Gum Arabic Price in Belarus (FOB) - 2022
- Gum Arabic Imports in Belarus
- Gum Arabic Exports in Belarus
Gum Arabic Price in Belarus (CIF) - 2022
In 2022, the average gum arabic import price amounted to $7,664 per ton, declining by -9.5% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 22% against the previous year. The import price peaked at $11,017 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 Italy ($35,218 per ton), while the price for Austria ($2,527 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+23.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Gum Arabic Price in Belarus (FOB) - 2022
In 2022, the average gum arabic export price amounted to $8,182 per ton, reducing by -10% against the previous year. In general, the export price, however, saw a prominent increase. The pace of growth appeared the most rapid in 2016 when the average export price increased by 57% against the previous year. The export price peaked at $10,182 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Russia.
From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +5.8% per year.
Gum Arabic Imports in Belarus
In 2022, the amount of gum arabics imported into Belarus reached 3.7 tons, picking up by 3.9% on the year before. The total import volume increased at an average annual rate of +2.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 12% against the previous year. As a result, imports reached the peak of 3.8 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, gum arabic imports reduced to $28K in 2022. The total import value increased at an average annual rate of +6.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 13%. As a result, imports reached the peak of $30K, and then dropped in the following year.
| Import of Gum Arabic in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 7.3 | 8.7 | 6.7 | 6.2 | -5.3% |
| Italy | 5.1 | 5.8 | 5.3 | 5.9 | 5.0% |
| Austria | 5.1 | 6.1 | 4.6 | 4.3 | -5.5% |
| Russia | 3.5 | 2.3 | 3.7 | 3.5 | 0.0% |
| France | 1.8 | 2.6 | 1.2 | 1.4 | -8.0% |
| Lithuania | 0.1 | 0.1 | 0.3 | 0.5 | 71.0% |
| Others | 0.4 | 0.8 | 8.0 | 6.5 | 153.3% |
| Total | 23.4 | 26.4 | 29.9 | 28.1 | 6.3% |
Top Suppliers of Gum Arabic to Belarus in 2022:
- Austria (1688.0 kg)
- Romania (499.0 kg)
- Russia (307.0 kg)
- France (214.0 kg)
- Italy (166.0 kg)
- Lithuania (84.0 kg)
Gum Arabic Exports in Belarus
In 2022, overseas shipments of gum arabics decreased by 0% to 22 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +13.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 29%. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, gum arabic exports declined to $180 in 2022. The total export value increased at an average annual rate of +8.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 26% against the previous year. As a result, the exports attained the peak of $200, and then fell in the following year.
| Export of Gum Arabic in Belarus (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 141 | 159 | 200 | 180 | 8.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 141 | 159 | 200 | 180 | 8.5% |
Top Export Markets for Gum Arabic from Belarus in 2022:
- Russia (22.0 kg)
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