Gum Arabic Price in Canada - 2023

Contents:

1. Gum Arabic Price in Canada (CIF) - 2023
2. Gum Arabic Price in Canada (FOB) - 2022
3. Gum Arabic Imports in Canada
4. Gum Arabic Exports in Canada

Gum Arabic Price in Canada (CIF) - 2023

In June 2023, the average gum arabic import price amounted to $5,058 per ton, falling by -5% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 an increase of 68% m-o-m. As a result, import price attained the peak level of $6,039 per ton. From January 2023 to June 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Ireland ($13,670 per ton), while the price for India ($2,834 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Gum Arabic Price in Canada (FOB) - 2022

In 2022, the average gum arabic export price amounted to $7,900 per ton, growing by 41% against the previous year. Overall, the export price posted a buoyant expansion. The growth pace was the most rapid in 2021 when the average export price increased by 95% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($8,290 per ton), while the average price for exports to the UK totaled $4,430 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+22.6%), while the prices for the other major destinations experienced more modest paces of growth.

Gum Arabic Imports in Canada

In 2022, approx. 1.6K tons of gum arabics were imported into Canada; growing by 14% against 2021. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +5.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +113.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 87% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, gum arabic imports soared to $7.8M in 2022. Overall, imports posted a prominent expansion. The growth pace was the most rapid in 2021 when imports increased by 74%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Top Suppliers of Gum Arabic to Canada in 2022:

1. France (710.3 tons)
2. United States (427.1 tons)
3. United Kingdom (236.0 tons)
4. China (51.9 tons)
5. Ireland (41.8 tons)
6. Germany (35.3 tons)

Gum Arabic Exports in Canada

In 2022, shipments abroad of gum arabics was finally on the rise to reach 4.9 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a significant contraction.

In value terms, gum arabic exports skyrocketed to $39K in 2022. In general, exports, however, recorded a significant curtailment.

Top Export Markets for Gum Arabic from Canada in 2022:

1. United States (4.4 tons)
2. United Kingdom (0.5 tons)

Source: IndexBox Market Intelligence Platform