Gum Arabic Price in Israel - 2023

Contents:

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

Gum Arabic Price in Israel (CIF) - 2022

The average gum arabic import price stood at $3,480 per ton in 2022, surging by 11% against the previous year. Overall, the import price, however, continues to indicate a slight slump. The growth pace was the most rapid in 2013 an increase of 41%. Over the period under review, average import prices reached the maximum at $5,901 per ton in 2014; however, from 2015 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 Germany ($3,480 per ton), while the price for Italy ($3,480 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-1.3%), while the prices for the other major suppliers experienced a decline.

Gum Arabic Price in Israel (FOB) - 2022

The average gum arabic export price stood at $3,946 per ton in 2022, growing by 29% against the previous year. Over the last decade, it increased at an average annual rate of +5.5%. The pace of growth appeared the most rapid in 2013 an increase of 57% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Palestine amounted to -6.1% per year.

Gum Arabic Imports in Israel

In 2022, gum arabic imports into Israel skyrocketed to 434 tons, jumping by 24% compared with the year before. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +8.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 41% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, gum arabic imports skyrocketed to $1.5M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +16.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.1% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Gum Arabic to Israel in 2022:

1. France (383.6 tons)
2. Germany (32.2 tons)
3. Italy (9.2 tons)

Gum Arabic Exports in Israel

For the third year in a row, Israel recorded decline in shipments abroad of gum arabics, which decreased by -95.6% to 1.5 tons in 2022. In general, exports continue to indicate a dramatic descent. The smallest decline of -5.5% was in 2020.

In value terms, gum arabic exports contracted significantly to $6K in 2022. Overall, exports faced a sharp decline. The smallest decline of -7.1% was in 2020.

Top Export Markets for Gum Arabic from Israel in 2022:

1. Greece (1.5 tons)

Source: IndexBox Market Intelligence Platform