Gum Arabic Price in Sudan - 2022

Contents:

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

Gum Arabic Price in Sudan (FOB) - 2022

In 2022, the average gum arabic export price amounted to $1,454 per ton, standing approx. at the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 39% against the previous year. As a result, the export price reached the peak level of $2,034 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($2,775 per ton), while the average price for exports to India ($729 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 the United States (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Gum Arabic Price in Sudan (CIF) - 2022

The average gum arabic import price stood at $1,814 per ton in 2022, rising by 8.5% against the previous year. In general, the import price, however, continues to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2019 an increase of 11%. The import price peaked at $2,746 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($9,543 per ton), while the price for the United Arab Emirates ($587 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Gum Arabic Exports in Sudan

For the fourth consecutive year, Sudan recorded growth in overseas shipments of gum arabics, which increased by 15% to 139K tons in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +13.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 18% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, gum arabic exports amounted to $203M in 2022. The total export value increased at an average annual rate of +4.6% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Gum Arabic from Sudan in 2022:

1. France (72.9K tons)
2. India (19.8K tons)
3. United States (15.0K tons)
4. Germany (6.9K tons)
5. United Kingdom (6.6K tons)
6. Japan (3.4K tons)
7. Ethiopia (3.1K tons)

Gum Arabic Imports in Sudan

In 2022, approx. 59 tons of gum arabics were imported into Sudan; increasing by 89% compared with the previous year's figure. In general, imports recorded a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, gum arabic imports skyrocketed to $108K in 2022. Overall, imports enjoyed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Gum Arabic to Sudan in 2022:

1. Somalia (31.0 tons)
2. Indonesia (14.2 tons)
3. China (10.1 tons)
4. Saudi Arabia (1.5 tons)
5. United Kingdom (1.5 tons)

Source: IndexBox Market Intelligence Platform