Gum Arabic Price in Ukraine - 2023

Contents:

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

Gum Arabic Price in Ukraine (CIF) - 2022

In 2022, the average gum arabic import price amounted to $4,030 per ton, with a decrease of -1.5% against the previous year. Overall, the import price recorded a pronounced setback. The pace of growth was the most pronounced in 2018 when the average import price increased by 6.7% against the previous year. The import price peaked at $5,844 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($4,293 per ton), while the price for the UK ($3,592 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-0.8%), while the prices for the other major suppliers experienced a decline.

Gum Arabic Price in Ukraine (FOB) - 2022

The average gum arabic export price stood at $6,073 per ton in 2022, therefore, remained relatively stable against the previous year. In general, the export price continues to indicate a noticeable descent. The pace of growth was the most pronounced in 2020 when the average export price increased by 14%. Over the period under review, the average export prices reached the maximum at $12,087 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Georgia.

From 2012 to 2022, the rate of growth in terms of prices for Uzbekistan amounted to 0.0% per year.

Gum Arabic Imports in Ukraine

In 2022, supplies from abroad of gum arabics decreased by -29.6% to 27 tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +9.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +30.6% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 47% against the previous year. As a result, imports attained the peak of 38 tons, and then fell markedly in the following year.

In value terms, gum arabic imports declined sharply to $109K in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +8.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 42%. As a result, imports reached the peak of $157K, and then dropped sharply in the following year.

Top Suppliers of Gum Arabic to Ukraine in 2022:

1. France (19.5 tons)
2. Italy (4.8 tons)
3. United Kingdom (2.0 tons)
4. Turkey (0.3 tons)
5. Germany (0.3 tons)
6. Sudan (0.1 tons)

Gum Arabic Exports in Ukraine

In 2022, overseas shipments of gum arabics decreased by 0% to 1.3 tons, falling for the second consecutive year after two years of growth. In general, exports recorded significant growth. The growth pace was the most rapid in 2020 when exports increased by 112% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, gum arabic exports totaled $7.8K in 2022. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 142% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Gum Arabic from Ukraine in 2022:

1. Georgia (1.3 tons)

Source: IndexBox Market Intelligence Platform