Gum Arabic Price in Colombia - 2022

Contents:

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

Gum Arabic Price in Colombia (CIF) - 2022

In 2022, the average gum arabic import price amounted to $3,880 per ton, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2014 when the average import price increased by 21% against the previous year. As a result, import price reached the peak level of $4,173 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($3,913 per ton) and France ($3,874 per ton), while the price for Sudan ($3,266 per ton) and the United States ($3,365 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Gum Arabic Price in Colombia (FOB) - 2022

The average gum arabic export price stood at $6,595 per ton in 2022, waning by -9.4% against the previous year. Overall, the export price continues to indicate a deep downturn. The pace of growth was the most pronounced in 2021 when the average export price increased by 56%. The export price peaked at $12,047 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Venezuela.

From 2012 to 2022, the rate of growth in terms of prices for Venezuela amounted to +17.1% per year.

Gum Arabic Imports in Colombia

In 2022, the amount of gum arabics imported into Colombia reduced sharply to 148 tons, waning by -20.2% compared with 2021. In general, imports showed a pronounced decrease. The growth pace was the most rapid in 2021 when imports increased by 68%. As a result, imports reached the peak of 186 tons, and then dropped sharply in the following year.

In value terms, gum arabic imports reduced dramatically to $575K in 2022. Overall, imports recorded a perceptible downturn. The pace of growth was the most pronounced in 2021 with an increase of 73%. As a result, imports attained the peak of $730K, and then reduced markedly in the following year.

Top Suppliers of Gum Arabic to Colombia in 2022:

1. France (130.9 tons)
2. Sudan (8.3 tons)
3. Germany (6.3 tons)
4. United States (2.2 tons)

Gum Arabic Exports in Colombia

In 2022, the amount of gum arabics exported from Colombia fell significantly to 703 kg, which is down by -20.8% on the previous year's figure. Over the period under review, exports continue to indicate a dramatic setback. The pace of growth was the most pronounced in 2021 when exports increased by 48% against the previous year.

In value terms, gum arabic exports declined sharply to $4.6K in 2022. Overall, exports showed a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 130% against the previous year.

Top Export Markets for Gum Arabic from Colombia in 2022:

1. Venezuela (703.0 kg)

Source: IndexBox Market Intelligence Platform