Gum Arabic Price in Ecuador - 2022

Contents:

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

Gum Arabic Price in Ecuador (CIF) - 2022

The average gum arabic import price stood at $3,472 per ton in 2022, rising by 2.4% against the previous year. Overall, the import price, however, showed a noticeable shrinkage. The growth pace was the most rapid in 2020 when the average import price increased by 18% against the previous year. The import price peaked at $4,348 per ton in 2012; however, from 2013 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 the Netherlands ($4,151 per ton), while the price for Germany ($2,188 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.7%), while the prices for the other major suppliers experienced a decline.

Gum Arabic Price in Ecuador (FOB) - 2022

The average gum arabic export price stood at $7,332 per ton in 2022, dropping by -9.3% against the previous year. In general, the export price, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 123%. The export price peaked at $8,088 per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($9,958 per ton), while the average price for exports to Canada totaled $5,144 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+10.2%).

Gum Arabic Imports in Ecuador

In 2022, the amount of gum arabics imported into Ecuador declined dramatically to 36 tons, reducing by -32% on the year before. Overall, imports, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 209% against the previous year. As a result, imports reached the peak of 54 tons, and then reduced markedly in the following year.

In value terms, gum arabic imports contracted markedly to $127K in 2022. In general, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 155% against the previous year. As a result, imports attained the peak of $182K, and then fell significantly in the following year.

Top Suppliers of Gum Arabic to Ecuador in 2022:

1. Italy (8.1 tons)
2. Germany (5.6 tons)
3. France (5.0 tons)
4. Netherlands (1.4 tons)
5. Taiwan (Chinese) (0.3 tons)

Gum Arabic Exports in Ecuador

In 2022, the amount of gum arabics exported from Ecuador soared to 3.3 tons, rising by 228% on 2021 figures. Overall, exports posted moderate growth.

In value terms, gum arabic exports skyrocketed to $24K in 2022. In general, exports continue to indicate a pronounced increase.

Top Export Markets for Gum Arabic from Ecuador in 2022:

1. Canada (1.9 tons)
2. Germany (1.4 tons)

Source: IndexBox Market Intelligence Platform