Gum Arabic Price in France - 2023
Contents:
- Gum Arabic Price in France (FOB) - 2023
- Gum Arabic Price in France (CIF) - 2022
- Gum Arabic Exports in France
- Gum Arabic Imports in France
Gum Arabic Price in France (FOB) - 2023
The average gum arabic export price stood at $4,919 per ton in June 2023, standing approximately at the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +2.7%. The growth pace was the most rapid in August 2022 when the average export price increased by 29% month-to-month. The export price peaked at $4,991 per ton in May 2023, and then declined in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($5,958 per ton), while the average price for exports to Russia ($3,837 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Gum Arabic Price in France (CIF) - 2022
The average gum arabic import price stood at $1,530 per ton in 2022, with an increase of 16% against the previous year. Over the period under review, the import price, however, saw a mild contraction. Over the period under review, average import prices attained the maximum at $1,763 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Chad ($1,667 per ton), while the price for Italy ($1,369 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chad (+0.2%), while the prices for the other major suppliers experienced a decline.
Gum Arabic Exports in France
In 2022, exports of gum arabics from France rose notably to 51K tons, picking up by 11% on the previous year's figure. The total export volume increased at an average annual rate of +6.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, gum arabic exports skyrocketed to $195M in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +14.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.2% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Gum Arabic in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 26.0 | 34.0 | 33.9 | 43.5 | 18.7% |
| Germany | 10.0 | 9.7 | 12.1 | 15.5 | 15.7% |
| United Kingdom | 9.7 | 9.7 | 5.6 | 10.6 | 3.0% |
| Italy | 4.9 | 4.4 | 6.8 | 8.7 | 21.1% |
| China | 6.7 | 7.2 | 6.4 | 8.6 | 8.7% |
| Ireland | 5.3 | 7.0 | 6.0 | 7.7 | 13.3% |
| Mexico | 4.6 | 3.2 | 4.5 | 5.8 | 8.0% |
| Turkey | 2.6 | 3.1 | 4.0 | 5.1 | 25.2% |
| Switzerland | 4.3 | 3.7 | 3.5 | 4.8 | 3.7% |
| Netherlands | 3.6 | 3.8 | 3.7 | 4.7 | 9.3% |
| Poland | 3.2 | 2.9 | 3.5 | 4.5 | 12.0% |
| Brazil | 3.1 | 3.1 | 3.1 | 3.9 | 8.0% |
| Hungary | 2.5 | 2.5 | 3.0 | 3.9 | 16.0% |
| Others | 44.9 | 44.7 | 50.9 | 67.4 | 14.5% |
| Total | 131 | 139 | 147 | 195 | 14.2% |
Top Export Markets for Gum Arabic from France in 2022:
- United States (12.3K tons)
- Germany (3.7K tons)
- United Kingdom (3.5K tons)
- Italy (2.6K tons)
- China (2.1K tons)
- Turkey (1.8K tons)
- Poland (1.7K tons)
- Ireland (1.5K tons)
- Hungary (1.5K tons)
- Mexico (1.4K tons)
- Brazil (1.3K tons)
- Switzerland (1.3K tons)
- Netherlands (1.2K tons)
Gum Arabic Imports in France
In 2022, approx. 74K tons of gum arabics were imported into France; with an increase of 62% against the previous year. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +13.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, gum arabic imports skyrocketed to $113M in 2022. Over the period under review, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Gum Arabic in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sudan | 51.0 | 53.1 | 47.9 | 87.2 | 19.6% |
| Chad | 9.7 | 8.8 | 6.1 | 14.2 | 13.5% |
| Italy | 1.0 | 0.9 | 0.9 | 1.7 | 19.3% |
| Others | 3.2 | 6.5 | 4.7 | 9.5 | 43.7% |
| Total | 64.9 | 69.4 | 59.6 | 113 | 20.3% |
Top Suppliers of Gum Arabic to France in 2022:
- Sudan (60.5K tons)
- Chad (8.5K tons)
- Italy (1.2K tons)
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