Gum Arabic Price in Saudi Arabia - 2021
Contents:
Gum Arabic Price in Saudi Arabia (FOB) - 2022
The average gum arabic export price stood at $4,296 per ton in 2022, with an increase of 4.7% against the previous year. In general, the export price saw prominent growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 40%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in years to come.
As there is only one major export destination, the average price level is determined by prices for Malaysia.
From 2015 to 2022, the rate of growth in terms of prices for Yemen amounted to +5.8% per year.
Gum Arabic Exports in Saudi Arabia
In 2022, the amount of gum arabics exported from Saudi Arabia skyrocketed to 9.1 tons, jumping by 67% compared with 2021 figures. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 373% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, gum arabic exports skyrocketed to $39K in 2022. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 401% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Gum Arabic in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Malaysia | N/A | N/A | 14.3 | 0% | |
| Yemen | 4.5 | 12.9 | N/A | 186.7% | |
| Sudan | N/A | 8.8 | N/A | 0% | |
| Others | N/A | 0.7 | 24.8 | 3442.9% | |
| Total | 4.5 | 22.3 | 39.1 | 194.8% | |
Top Export Markets for Gum Arabic from Saudi Arabia in 2022:
- Malaysia (4.4 tons)
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