Gum Arabic Price in the United Arab Emirates - 2021

Contents:

1. Gum Arabic Price in the United Arab Emirates (FOB) - 2022
2. Gum Arabic Price in the United Arab Emirates (CIF) - 2022
3. Gum Arabic Exports in the United Arab Emirates
4. Gum Arabic Imports in the United Arab Emirates

Gum Arabic Price in the United Arab Emirates (FOB) - 2022

The average gum arabic export price stood at $3,546 per ton in 2022, picking up by 57% against the previous year. Overall, the export price showed prominent growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 200% against the previous year. Over the period under review, the average export prices hit record highs at $4,840 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($10,659 per ton), while the average price for exports to India ($653 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 Italy (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Gum Arabic Price in the United Arab Emirates (CIF) - 2022

The average gum arabic import price stood at $1,134 per ton in 2022, which is down by -38.1% against the previous year. Overall, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2018 an increase of 44%. The import price peaked at $2,906 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Iraq ($2,689 per ton), while the price for Indonesia ($335 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (+17.5%), while the prices for the other major suppliers experienced a decline.

Gum Arabic Exports in the United Arab Emirates

In 2022, approx. 1.3K tons of gum arabics were exported from the United Arab Emirates; rising by 79% compared with the previous year's figure. In general, exports showed significant growth. The growth pace was the most rapid in 2021 when exports increased by 193% 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 soared to $4.6M in 2022. Overall, exports saw a significant increase. 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 the United Arab Emirates in 2022:

1. United Kingdom (undefined tons)
2. India (353.6 tons)
3. France (282.9 tons)
4. Yemen (155.8 tons)
5. Italy (89.9 tons)
6. Saudi Arabia (85.9 tons)
7. Iraq (82.8 tons)
8. United States (48.4 tons)
9. Japan (44.6 tons)
10. Pakistan (41.1 tons)
11. Tunisia (34.4 tons)
12. Iran (14.5 tons)

Gum Arabic Imports in the United Arab Emirates

In 2022, the amount of gum arabics imported into the United Arab Emirates soared to 3K tons, growing by 752% against the year before. In general, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, gum arabic imports soared to $3.4M in 2022. Over the period under review, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Gum Arabic to the United Arab Emirates in 2022:

1. Sudan (1875.4 tons)
2. Indonesia (469.5 tons)
3. Iraq (151.7 tons)
4. Afghanistan (130.7 tons)
5. Kenya (69.9 tons)
6. Chad (61.3 tons)
7. Nigeria (57.2 tons)
8. France (30.8 tons)
9. Iran (23.3 tons)

Source: IndexBox Market Intelligence Platform