Gum Arabic Price in Morocco - 2022

Contents:

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

Gum Arabic Price in Morocco (CIF) - 2022

The average gum arabic import price stood at $3,306 per ton in 2022, increasing by 27% against the previous year. In general, the import price, however, saw a perceptible setback. The pace of growth appeared the most rapid in 2015 an increase of 71%. The import price peaked at $5,431 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Greece ($40,925 per ton), while the price for Mali ($1,532 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mali (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Gum Arabic Price in Morocco (FOB) - 2022

The average gum arabic export price stood at $28,865 per ton in 2022, rising by 116% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 136%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($56,070 per ton), while the average price for exports to Belgium ($23,714 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.

Gum Arabic Imports in Morocco

Gum arabic imports into Morocco declined to 190 tons in 2022, reducing by -11.8% against 2021. In general, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 224% against the previous year. As a result, imports reached the peak of 215 tons, and then shrank in the following year.

In value terms, gum arabic imports rose remarkably to $627K in 2022. Overall, imports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 104% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Gum Arabic to Morocco in 2022:

1. Mali (128.0 tons)
2. France (24.9 tons)
3. Sudan (21.0 tons)
4. Germany (7.1 tons)
5. Greece (4.9 tons)

Gum Arabic Exports in Morocco

After three years of growth, shipments abroad of gum arabics decreased by -43.2% to 1.1 tons in 2022. Over the period under review, exports, however, saw a perceptible expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 42% against the previous year.

In value terms, gum arabic exports surged to $32K in 2022. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 68% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Gum Arabic from Morocco in 2022:

1. Belgium (756.0 kg)
2. Canada (179.0 kg)
3. Spain (177.0 kg)

Source: IndexBox Market Intelligence Platform