Gum Arabic Price in Guatemala - 2023

Contents:

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

Gum Arabic Price in Guatemala (CIF) - 2022

In 2022, the average gum arabic import price amounted to $1,994 per ton, waning by -27.5% against the previous year. Overall, the import price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2017 an increase of 24% against the previous year. The import price peaked at $6,592 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($55,000 per ton), while the price for India ($1,163 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+35.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Gum Arabic Price in Guatemala (FOB) - 2022

In 2022, the average gum arabic export price amounted to $15,309 per ton, with an increase of 59% against the previous year. In general, the export price posted a strong expansion. The pace of growth appeared the most rapid in 2019 an increase of 70% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for El Salvador amounted to +11.3% per year.

Gum Arabic Imports in Guatemala

Gum arabic imports into Guatemala surged to 44 tons in 2022, growing by 19% on the year before. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 54%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, gum arabic imports fell to $87K in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +16.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 74% against the previous year.

Top Suppliers of Gum Arabic to Guatemala in 2022:

1. India (33.8 tons)
2. Mexico (4.1 tons)
3. Sudan (3.0 tons)
4. France (2.6 tons)

Gum Arabic Exports in Guatemala

Gum arabic exports from Guatemala surged to 3.6 tons in 2022, increasing by 94% against 2021 figures. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 96%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, gum arabic exports soared to $55K in 2022. In general, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Gum Arabic from Guatemala in 2022:

1. El Salvador (3.6 tons)

Source: IndexBox Market Intelligence Platform