Gum Arabic Price in Ethiopia - 2021

Contents:

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

Gum Arabic Price in Ethiopia (CIF) - 2022

In 2022, the average gum arabic import price amounted to $1,290 per ton, growing by 3.2% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 25% against the previous year. As a result, import price reached the peak level of $1,725 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Sudan.

From 2012 to 2022, the rate of growth in terms of prices for Sudan amounted to +1.2% per year.

Gum Arabic Price in Ethiopia (FOB) - 2022

In 2022, the average gum arabic export price amounted to $1,848 per ton, with a decrease of -39.8% against the previous year. In general, the export price, however, continues to indicate modest growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by 180%. As a result, the export price attained the peak level of $5,487 per ton. From 2019 to 2022, the average export prices remained at a lower figure.

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 Greece ($5,730 per ton), while the average price for exports to the Netherlands ($970 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 Greece (+2.7%), while the prices for the other major destinations experienced mixed trend patterns.

Gum Arabic Imports in Ethiopia

In 2022, approx. 2.5K tons of gum arabics were imported into Ethiopia; rising by 237% against 2021 figures. In general, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, gum arabic imports surged to $3.2M in 2022. Overall, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Gum Arabic to Ethiopia in 2022:

1. Sudan (2.5K tons)

Gum Arabic Exports in Ethiopia

In 2022, exports of gum arabics from Ethiopia soared to 59 tons, rising by 55% compared with 2021. Overall, exports, however, faced a abrupt decline. The pace of growth was the most pronounced in 2020 with an increase of 71% against the previous year. As a result, the exports reached the peak of 152 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, gum arabic exports contracted to $109K in 2022. In general, exports, however, recorded a dramatic decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 103% against the previous year. As a result, the exports attained the peak of $767K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Gum Arabic from Ethiopia in 2022:

1. Netherlands (47.1 tons)
2. Greece (10.5 tons)
3. Canada (1.0 tons)

Source: IndexBox Market Intelligence Platform