Gum Arabic Price in Denmark - 2023

Contents:

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

Gum Arabic Price in Denmark (CIF) - 2023

The average gum arabic import price stood at $5,517 per ton in May 2023, falling by -7.2% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.3%. The pace of growth was the most pronounced in October 2022 an increase of 25% month-to-month. The import price peaked at $5,943 per ton in April 2023, and then contracted in the following month.

Average prices varied somewhat amongst the major supplying countries. In May 2023, the country with the highest price was Germany ($6,559 per ton), while the price for France totaled $4,957 per ton.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Gum Arabic Price in Denmark (FOB) - 2022

In 2022, the average gum arabic export price amounted to $4,580 per ton, rising by 9.3% against the previous year. Over the period under review, the export price, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2013 an increase of 176% against the previous year. As a result, the export price reached the peak level of $25,313 per ton. From 2014 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 Taiwan (Chinese) ($39,288 per ton), while the average price for exports to Germany ($2,671 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 Taiwan (Chinese) (+85.1%), while the prices for the other major destinations experienced mixed trend patterns.

Gum Arabic Imports in Denmark

In 2022, approx. 752 tons of gum arabics were imported into Denmark; which is down by -28.5% compared with 2021. Over the period under review, imports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 15% against the previous year. As a result, imports attained the peak of 1.1K tons, and then dropped notably in the following year.

In value terms, gum arabic imports declined remarkably to $3.8M in 2022. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 32% against the previous year. As a result, imports attained the peak of $4.6M, and then shrank significantly in the following year.

Top Suppliers of Gum Arabic to Denmark in 2022:

1. France (452.1 tons)
2. Germany (156.9 tons)
3. United Kingdom (138.8 tons)
4. Ireland (0.8 tons)

Gum Arabic Exports in Denmark

After three years of growth, shipments abroad of gum arabics decreased by -84.6% to 5.2 tons in 2022. Over the period under review, exports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of 456% against the previous year.

In value terms, gum arabic exports fell dramatically to $24K in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 563%. As a result, the exports attained the peak of $155K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Top Export Markets for Gum Arabic from Denmark in 2022:

1. Sweden (1669.0 kg)
2. Tunisia (1556.0 kg)
3. Germany (953.0 kg)
4. Hungary (667.0 kg)
5. Iceland (224.0 kg)
6. Taiwan (Chinese) (99.0 kg)

Source: IndexBox Market Intelligence Platform