Gum Arabic Price in Panama - 2023

Contents:

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

Gum Arabic Price in Panama (CIF) - 2022

The average gum arabic import price stood at $8,303 per ton in 2022, surging by 38% against the previous year. Over the period under review, the import price showed a prominent increase. The pace of growth was the most pronounced in 2013 an increase of 60%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Free Zones ($41,714 per ton), while the price for the United States stood at $7,497 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+545.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Gum Arabic Price in Panama (FOB) - 2022

The average gum arabic export price stood at $3,695 per ton in 2022, almost unchanged from the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 29% against the previous year. The export price peaked at $4,752 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was El Salvador ($6,020 per ton), while the average price for exports to Venezuela ($3,428 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 Honduras (+28.2%), while the prices for the other major destinations experienced more modest paces of growth.

Gum Arabic Imports in Panama

In 2022, purchases abroad of gum arabics increased by 138% to 297 kg for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a deep contraction.

In value terms, gum arabic imports skyrocketed to $2.5K in 2022. Over the period under review, imports posted strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Gum Arabic to Panama in 2022:

1. United States (290.0 kg)
2. Free Zones (7.0 kg)

Gum Arabic Exports in Panama

Gum arabic exports from Panama was estimated at 5.9 tons in 2022, flattening at 2021 figures. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 126% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, gum arabic exports amounted to $22K in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 132% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Top Export Markets for Gum Arabic from Panama in 2022:

1. Venezuela (3.0 tons)
2. Guatemala (2.7 tons)
3. El Salvador (0.1 tons)

Source: IndexBox Market Intelligence Platform