Gum Arabic Price in Belgium - 2023

Contents:

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

Gum Arabic Price in Belgium (CIF) - 2022

The average gum arabic import price stood at $2,161 per ton in 2022, falling by -27.4% against the previous year. Overall, the import price showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 an increase of 65%. As a result, import price attained the peak level of $4,704 per ton. From 2019 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($6,430 per ton), while the price for Mali ($685 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+5.9%), while the prices for the other major suppliers experienced a decline.

Gum Arabic Price in Belgium (FOB) - 2022

The average gum arabic export price stood at $3,180 per ton in 2022, rising by 8.7% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 54% against the previous year. As a result, the export price attained the peak level of $4,412 per ton. From 2018 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($6,559 per ton), while the average price for exports to France ($1,064 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 Argentina (+13.8%), while the prices for the other major destinations experienced mixed trend patterns.

Gum Arabic Imports in Belgium

In 2022, the amount of gum arabics imported into Belgium expanded slightly to 1.3K tons, picking up by 4% against 2021. Over the period under review, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2020 when imports increased by 177%. As a result, imports reached the peak of 2.6K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, gum arabic imports dropped remarkably to $2.8M in 2022. In general, imports, however, continue to indicate a pronounced descent. The pace of growth was the most pronounced in 2020 when imports increased by 116% against the previous year. As a result, imports attained the peak of $6.5M. From 2021 to 2022, the growth of imports remained at a lower figure.

Top Suppliers of Gum Arabic to Belgium in 2022:

1. Sudan (620.6 tons)
2. France (424.1 tons)
3. Netherlands (121.2 tons)
4. Germany (39.9 tons)
5. Mali (29.8 tons)
6. Spain (27.3 tons)

Gum Arabic Exports in Belgium

In 2022, shipments abroad of gum arabics decreased by -70.4% to 156 tons, falling for the second year in a row after two years of growth. In general, exports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of 1,766%. As a result, the exports attained the peak of 1.7K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, gum arabic exports reduced markedly to $498K in 2022. Over the period under review, exports, however, showed a remarkable increase. The growth pace was the most rapid in 2020 when exports increased by 1,008% against the previous year. As a result, the exports reached the peak of $4.3M. From 2021 to 2022, the growth of the exports remained at a lower figure.

Top Export Markets for Gum Arabic from Belgium in 2022:

1. Germany (66.3 tons)
2. Netherlands (44.7 tons)
3. France (14.7 tons)
4. Russia (14.2 tons)
5. United Kingdom (3.3 tons)
6. Argentina (2.7 tons)

Source: IndexBox Market Intelligence Platform