Gum Arabic Price in Uganda - 2021

Contents:

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

Gum Arabic Price in Uganda (CIF) - 2022

The average gum arabic import price stood at $4,595 per ton in 2022, with an increase of 39% against the previous year. Over the period under review, the import price, however, saw a mild reduction. The pace of growth appeared the most rapid in 2017 an increase of 54%. Over the period under review, average import prices reached the maximum at $5,726 per ton in 2013; however, from 2014 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 France ($7,134 per ton), while the price for Belgium ($2,066 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+33.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Gum Arabic Price in Uganda (FOB) - 2022

In 2022, the average gum arabic export price amounted to $2,887 per ton, flattening at the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 27% against the previous year. The export price peaked at $5,017 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($6,445 per ton), while the average price for exports to Burundi amounted to $2,669 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (+2.4%), while the prices for the other major destinations experienced a decline.

Gum Arabic Imports in Uganda

Gum arabic imports into Uganda reduced notably to 786 kg in 2022, shrinking by -92.7% against 2021. Overall, imports showed a sharp slump. The most prominent rate of growth was recorded in 2021 with an increase of 583%. As a result, imports attained the peak of 11 tons, and then dropped rapidly in the following year.

In value terms, gum arabic imports shrank notably to $3.6K in 2022. In general, imports showed a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 374%. As a result, imports reached the peak of $36K, and then dropped remarkably in the following year.

Top Suppliers of Gum Arabic to Uganda in 2022:

1. Kenya (340.0 kg)
2. India (170.0 kg)
3. France (127.0 kg)
4. United States (63.0 kg)
5. Belgium (61.0 kg)
6. Turkey (25.0 kg)

Gum Arabic Exports in Uganda

In 2022, gum arabic exports from Uganda reduced remarkably to 2.4 tons, which is down by -20% on the previous year's figure. Over the period under review, exports showed a sharp curtailment. The smallest decline of -20% was in 2021.

In value terms, gum arabic exports fell significantly to $6.9K in 2022. In general, exports faced a precipitous decrease. The smallest decline of -20% was in 2020.

Top Export Markets for Gum Arabic from Uganda in 2022:

1. Burundi (2.2 tons)
2. Rwanda (0.1 tons)

Source: IndexBox Market Intelligence Platform