Gum Arabic Price in Myanmar - 2022
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Gum Arabic Price in Myanmar (CIF) - 2022
In 2022, the average gum arabic import price amounted to $12,243 per ton, surging by 111% against the previous year. In general, the import price recorded a prominent expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +54.8% per year.
Gum Arabic Imports in Myanmar
For the third year in a row, Myanmar recorded decline in overseas purchases of gum arabics, which decreased by -99.6% to 8 kg in 2022. Overall, imports saw a sharp decline. The smallest decline of -55.6% was in 2021.
In value terms, gum arabic imports reduced notably to $92 in 2022. In general, imports showed a sharp shrinkage. The smallest decline of -59.7% was in 2021.
| Import of Gum Arabic in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 14.2 | 9.1 | 1.4 | 0.1 | -80.8% |
| China | 6.6 | 2.5 | 0.9 | N/A | -63.1% |
| Germany | 48.6 | 13.2 | 5.0 | N/A | -67.9% |
| United Kingdom | 7.1 | N/A | N/A | N/A | 0% |
| Pakistan | N/A | N/A | 1.0 | N/A | 0% |
| Others | 2.1 | 3.6 | 3.1 | N/A | 21.5% |
| Total | 78.6 | 28.4 | 11.5 | 0.1 | -89.2% |
Top Suppliers of Gum Arabic to Myanmar in 2022:
- India (8.0 kg)
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