Gum Arabic Price in Estonia - 2023

Contents:

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

Gum Arabic Price in Estonia (CIF) - 2022

The average gum arabic import price stood at $3,008 per ton in 2022, growing by 6.9% against the previous year. Overall, the import price, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2017 an increase of 141% against the previous year. As a result, import price reached the peak level of $25,280 per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($6,387 per ton), while the price for Hungary stood at $2,891 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+2.5%).

Gum Arabic Price in Estonia (FOB) - 2022

The average gum arabic export price stood at $2,880 per ton in 2022, waning by -35.2% against the previous year. In general, the export price recorded a deep contraction. The growth pace was the most rapid in 2013 when the average export price increased by 8.1% against the previous year. The export price peaked at $21,142 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -16.5% per year.

Gum Arabic Imports in Estonia

In 2022, purchases abroad of gum arabics decreased by -77.1% to 43 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 667,867% against the previous year.

In value terms, gum arabic imports dropped remarkably to $131K in 2022. Overall, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 293,695%.

Top Suppliers of Gum Arabic to Estonia in 2022:

1. Hungary (42.0 tons)
2. Germany (1.4 tons)

Gum Arabic Exports in Estonia

In 2022, after two years of growth, there was significant decline in overseas shipments of gum arabics, when their volume decreased by -64.5% to 42 tons. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 1,196% against the previous year. As a result, the exports reached the peak of 118 tons, and then shrank notably in the following year.

In value terms, gum arabic exports reduced sharply to $121K in 2022. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 858%. As a result, the exports reached the peak of $526K, and then dropped remarkably in the following year.

Top Export Markets for Gum Arabic from Estonia in 2022:

1. Russia (42.0 tons)

Source: IndexBox Market Intelligence Platform