Gum Arabic Price in Ghana - 2022
Contents:
- Gum Arabic Price in Ghana (CIF) - 2022
- Gum Arabic Price in Ghana (FOB) - 2022
- Gum Arabic Imports in Ghana
- Gum Arabic Exports in Ghana
Gum Arabic Price in Ghana (CIF) - 2022
The average gum arabic import price stood at $1,453 per ton in 2022, with a decrease of -17.3% against the previous year. Overall, the import price recorded a deep downturn. The pace of growth appeared the most rapid in 2015 when the average import price increased by 33% against the previous year. As a result, import price reached the peak level of $5,921 per ton. From 2016 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 Mali ($16,726 per ton), while the price for Nigeria amounted to $1,014 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mali (+18.8%).
Gum Arabic Price in Ghana (FOB) - 2022
The average gum arabic export price stood at $223 per ton in 2022, surging by 1.9% against the previous year. Over the period under review, the export price, however, saw a deep slump. The growth pace was the most rapid in 2016 an increase of 66% against the previous year. Over the period under review, the average export prices attained the maximum at $636 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to -8.0% per year.
Gum Arabic Imports in Ghana
For the fourth consecutive year, Ghana recorded growth in supplies from abroad of gum arabics, which increased by 36% to 39 tons in 2022. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 95%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, gum arabic imports totaled $56K in 2022. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 38% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Gum Arabic in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | 15.1 | 26.2 | 33.0 | 38.9 | 37.1% |
| Others | 12.2 | 11.4 | 17.0 | 17.3 | 12.3% |
| Total | 27.3 | 37.6 | 50.0 | 56.2 | 27.2% |
Top Suppliers of Gum Arabic to Ghana in 2022:
- Nigeria (38.3 tons)
Gum Arabic Exports in Ghana
For the third year in a row, Ghana recorded decline in shipments abroad of gum arabics, which decreased by -5.9% to 13 tons in 2022. Over the period under review, exports saw a abrupt decrease.
In value terms, gum arabic exports reduced slightly to $2.9K in 2022. Overall, exports saw a perceptible contraction. The smallest decline of -4.1% was in 2021.
| Export of Gum Arabic in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3.2 | 3.1 | 3.0 | 2.8 | -4.4% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 3.3 | 3.1 | 3.0 | 2.9 | -4.2% |
Top Export Markets for Gum Arabic from Ghana in 2022:
- India (12.8 tons)
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