Gum Arabic Price in the Netherlands - 2023

Contents:

1. Gum Arabic Price in the Netherlands (CIF) - 2023
2. Gum Arabic Price in the Netherlands (FOB) - 2023
3. Gum Arabic Imports in the Netherlands
4. Gum Arabic Exports in the Netherlands

Gum Arabic Price in the Netherlands (CIF) - 2023

The average gum arabic import price stood at $4,896 per ton in June 2023, reducing by -5.6% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.8%. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 48% m-o-m. As a result, import price attained the peak level of $5,889 per ton. From September 2022 to June 2023, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was France ($5,066 per ton), while the price for Belgium ($4,436 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Belgium (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Gum Arabic Price in the Netherlands (FOB) - 2023

In June 2023, the average gum arabic export price amounted to $6,819 per ton, increasing by 2.9% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.9%. The pace of growth was the most pronounced in April 2023 an increase of 35% against the previous month. As a result, the export price reached the peak level of $7,125 per ton. From May 2023 to June 2023, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was South Africa ($12,753 per ton), while the average price for exports to Poland ($4,154 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Gum Arabic Imports in the Netherlands

In 2022, purchases abroad of gum arabics was finally on the rise to reach 1.3K tons after two years of decline. Over the period under review, imports, however, showed a abrupt decrease.

In value terms, gum arabic imports rose remarkably to $6.3M in 2022. Overall, imports, however, recorded a relatively flat trend pattern.

Top Suppliers of Gum Arabic to the Netherlands in 2022:

1. France (846.7 tons)
2. Germany (330.2 tons)
3. Belgium (95.5 tons)
4. United States (27.9 tons)
5. United Kingdom (5.3 tons)

Gum Arabic Exports in the Netherlands

For the fourth year in a row, the Netherlands recorded growth in shipments abroad of gum arabics, which increased by 26% to 885 tons in 2022. In general, exports showed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 201%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, gum arabic exports soared to $4.7M in 2022. Over the period under review, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 49% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Gum Arabic from the Netherlands in 2022:

1. Belgium (434.3 tons)
2. Germany (146.5 tons)
3. Italy (88.7 tons)
4. Russia (38.5 tons)
5. Spain (26.7 tons)
6. Poland (24.3 tons)
7. France (19.2 tons)
8. Austria (19.1 tons)

Source: IndexBox Market Intelligence Platform