Gum Arabic Price in Luxembourg - 2023

Contents:

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

Gum Arabic Price in Luxembourg (CIF) - 2022

In 2022, the average gum arabic import price amounted to $11,338 per ton, shrinking by -27.3% against the previous year. Over the period under review, the import price showed a mild descent. The growth pace was the most rapid in 2014 when the average import price increased by 38% against the previous year. Over the period under review, average import prices reached the peak figure at $20,820 per ton in 2018; however, from 2019 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 the Netherlands ($17,989 per ton), while the price for France ($7,935 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.5%), while the prices for the other major suppliers experienced a decline.

Gum Arabic Price in Luxembourg (FOB) - 2022

In 2022, the average gum arabic export price amounted to $7,556 per ton, reducing by -7.9% against the previous year. In general, the export price, however, recorded prominent growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 86%. The export price peaked at $8,200 per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($7,639 per ton), while the average price for exports to Italy totaled $2,232 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (-0.3%), while the prices for the other major destinations experienced a decline.

Gum Arabic Imports in Luxembourg

In 2022, approx. 15 tons of gum arabics were imported into Luxembourg; jumping by 26% compared with 2021 figures. In general, imports saw a significant increase. The growth pace was the most rapid in 2021 when imports increased by 87% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, gum arabic imports shrank to $172K 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 +11.7% 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 +49.0% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 62% against the previous year. As a result, imports reached the peak of $187K, and then reduced in the following year.

Top Suppliers of Gum Arabic to Luxembourg in 2022:

1. Germany (13.2 tons)
2. Netherlands (0.8 tons)
3. Belgium (0.7 tons)
4. France (0.5 tons)

Gum Arabic Exports in Luxembourg

In 2022, after two years of decline, there was significant growth in overseas shipments of gum arabics, when their volume increased by 80% to 9 kg. In general, exports, however, showed a dramatic setback.

In value terms, gum arabic exports skyrocketed to $68 in 2022. Overall, exports, however, faced a significant curtailment.

Top Export Markets for Gum Arabic from Luxembourg in 2022:

1. Netherlands (9.0 kg)

Source: IndexBox Market Intelligence Platform