Gum Arabic Price in Lithuania - 2023

Contents:

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

Gum Arabic Price in Lithuania (CIF) - 2022

In 2022, the average gum arabic import price amounted to $4,746 per ton, picking up by 34% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($7,129 per ton), while the price for Italy ($2,670 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Gum Arabic Price in Lithuania (FOB) - 2022

In 2022, the average gum arabic export price amounted to $5,100 per ton, surging by 44% against the previous year. In general, the export price showed a measured expansion. The growth pace was the most rapid in 2013 when the average export price increased by 151%. The export price peaked at $13,228 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Russia ($5,142 per ton) and Latvia ($5,085 per ton), while the average price for exports to Uzbekistan ($3,526 per ton) and Kazakhstan ($4,114 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+8.4%), while the prices for the other major destinations experienced mixed trend patterns.

Gum Arabic Imports in Lithuania

Gum arabic imports into Lithuania skyrocketed to 167 tons in 2022, with an increase of 394% against the year before. Over the period under review, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, gum arabic imports skyrocketed to $791K in 2022. Overall, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Gum Arabic to Lithuania in 2022:

1. Hungary (100.0 tons)
2. France (50.4 tons)
3. Italy (13.1 tons)
4. Germany (3.0 tons)

Gum Arabic Exports in Lithuania

Gum arabic exports from Lithuania skyrocketed to 140 tons in 2022, surging by 366% compared with the year before. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, gum arabic exports soared to $716K in 2022. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Gum Arabic from Lithuania in 2022:

1. Russia (133.0 tons)
2. Uzbekistan (3.0 tons)
3. Latvia (2.8 tons)
4. Kazakhstan (1.0 tons)

Source: IndexBox Market Intelligence Platform