Gum Arabic Price in Germany - 2023

Contents:

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

Gum Arabic Price in Germany (CIF) - 2023

The average gum arabic import price stood at $3,993 per ton in June 2023, with an increase of 9.7% against the previous month. Overall, import price indicated a pronounced expansion from June 2022 to June 2023: its price increased at an average monthly rate of +4.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, gum arabic import price increased by +49.5% against March 2023 indices. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 28% month-to-month. The import price peaked in June 2023.

Prices varied noticeably by the country of origin: the country with the highest price was France ($5,951 per ton), while the price for Nigeria ($2,689 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Gum Arabic Price in Germany (FOB) - 2023

In June 2023, the average gum arabic export price amounted to $4,772 per ton, with a decrease of -8% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.2%. The pace of growth appeared the most rapid in August 2022 when the average export price increased by 19% m-o-m. The export price peaked at $5,185 per ton in May 2023, and then shrank in the following month.

There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was Spain ($6,916 per ton), while the average price for exports to Thailand ($2,796 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 Pakistan (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Gum Arabic Imports in Germany

For the fourth consecutive year, Germany recorded growth in supplies from abroad of gum arabics, which increased by 5.6% to 10K tons in 2022. The total import volume increased at an average annual rate of +6.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 8.3% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, gum arabic imports skyrocketed to $28M in 2022. The total import value increased at an average annual rate of +12.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Gum Arabic to Germany in 2022:

1. Sudan (5.4K tons)
2. France (3.0K tons)
3. Chad (0.9K tons)
4. Nigeria (0.6K tons)

Gum Arabic Exports in Germany

In 2022, the amount of gum arabics exported from Germany was estimated at 4.8K tons, growing by 13% compared with 2021 figures. The total export volume increased at an average annual rate of +11.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, gum arabic exports rose significantly to $19M in 2022. The total export value increased at an average annual rate of +14.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 16%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Top Export Markets for Gum Arabic from Germany in 2022:

1. France (726.4 tons)
2. United States (530.6 tons)
3. Switzerland (371.7 tons)
4. Italy (320.7 tons)
5. Spain (220.5 tons)
6. Russia (191.7 tons)
7. Netherlands (182.3 tons)
8. Denmark (180.3 tons)
9. Thailand (169.4 tons)
10. Mexico (155.4 tons)
11. China (149.4 tons)
12. India (111.1 tons)
13. Austria (106.3 tons)

Source: IndexBox Market Intelligence Platform