Gum Arabic Price in Pakistan - 2023
Contents:
- Gum Arabic Price in Pakistan (CIF) - 2022
- Gum Arabic Price in Pakistan (FOB) - 2022
- Gum Arabic Imports in Pakistan
- Gum Arabic Exports in Pakistan
Gum Arabic Price in Pakistan (CIF) - 2022
In 2022, the average gum arabic import price amounted to $1,870 per ton, waning by -37.1% against the previous year. Over the period under review, the import price recorded a deep setback. The most prominent rate of growth was recorded in 2017 an increase of 24% against the previous year. The import price peaked at $5,171 per ton in 2012; however, from 2013 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 UK ($2,635 per ton), while the price for the United Arab Emirates ($448 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sudan (+2.2%), while the prices for the other major suppliers experienced a decline.
Gum Arabic Price in Pakistan (FOB) - 2022
The average gum arabic export price stood at $1,517 per ton in 2022, picking up by 2.7% against the previous year. Over the period under review, the export price, however, showed a deep slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by 94% against the previous year. As a result, the export price attained the peak level of $8,749 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($3,712 per ton), while the average price for exports to Zambia ($349 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 Nepal (+58.1%), while the prices for the other major destinations experienced mixed trend patterns.
Gum Arabic Imports in Pakistan
Gum arabic imports into Pakistan skyrocketed to 1.6K tons in 2022, growing by 69% on the previous year. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 161%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, gum arabic imports rose sharply to $2.9M in 2022. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 144% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Gum Arabic in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 1,089 | 830 | 1,795 | 1,913 | 20.7% |
| Chad | 13.4 | 31.1 | 203 | 216 | 152.6% |
| United Kingdom | 4.3 | 3.8 | 4.7 | 187 | 251.7% |
| Germany | 100 | 35.4 | 6.9 | 168 | 18.9% |
| Nigeria | 93.1 | 72.8 | 106 | 118 | 8.2% |
| Tanzania | 96.3 | 51.0 | 79.8 | 100 | 1.3% |
| United Arab Emirates | 1.6 | 6.5 | 16.0 | 40.3 | 193.1% |
| Others | 115 | 99.5 | 542 | 184 | 17.0% |
| Total | 1,513 | 1,130 | 2,754 | 2,926 | 24.6% |
Top Suppliers of Gum Arabic to Pakistan in 2022:
- France (842.4 tons)
- Nigeria (146.1 tons)
- Tanzania (119.0 tons)
- Germany (90.6 tons)
- United Arab Emirates (90.0 tons)
- Chad (82.7 tons)
- United Kingdom (70.8 tons)
Gum Arabic Exports in Pakistan
For the fourth consecutive year, Pakistan recorded growth in overseas shipments of gum arabics, which increased by 0.7% to 75 tons in 2022. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 294% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, gum arabic exports rose modestly to $114K in 2022. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 200%. As a result, the exports attained the peak of $118K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Gum Arabic in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | N/A | N/A | N/A | 47.5 | 0% |
| Saudi Arabia | 2.2 | 6.8 | 9.0 | 9.3 | 61.7% |
| Morocco | 1.8 | 7.2 | 10.7 | 8.2 | 65.8% |
| Egypt | 3.9 | 9.1 | 9.8 | 7.6 | 24.9% |
| Yemen | 2.2 | 5.8 | 6.9 | 5.9 | 38.9% |
| Zambia | 1.5 | 3.9 | 7.6 | 5.8 | 57.0% |
| United Arab Emirates | 1.0 | 5.5 | 5.9 | 4.6 | 66.3% |
| Nepal | N/A | 27.9 | 24.5 | N/A | -12.2% |
| Myanmar | N/A | N/A | 3.9 | N/A | 0% |
| Others | 26.9 | 51.7 | 32.1 | 25.4 | -1.9% |
| Total | 39.4 | 118 | 110 | 114 | 42.5% |
Top Export Markets for Gum Arabic from Pakistan in 2022:
- Chile (18.9 tons)
- Zambia (16.6 tons)
- Yemen (8.4 tons)
- Saudi Arabia (6.3 tons)
- Egypt (5.4 tons)
- Morocco (4.8 tons)
- United Arab Emirates (3.8 tons)
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