Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Algeria - 2022

Contents:

1. Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Algeria (CIF) - 2022
2. Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Algeria (FOB) - 2022
3. Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Algeria
4. Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Algeria

Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Algeria (CIF) - 2022

In 2022, the average import price for lac; natural gums, resins, gum-resins and balsamses amounted to $4,218 per ton, dropping by -34% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 33% against the previous year. Over the period under review, average import prices attained the maximum at $6,389 per ton in 2021, and then declined markedly in the following year.

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 Ethiopia ($10,659 per ton), while the price for Egypt ($954 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ethiopia (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Algeria (FOB) - 2022

The average export price for lac; natural gums, resins, gum-resins and balsamses stood at $4,714 per ton in 2022, falling by -3.4% against the previous year. Overall, the export price showed a slight setback. The most prominent rate of growth was recorded in 2015 an increase of 75% against the previous year. Over the period under review, the average export prices reached the peak figure at $15,941 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for France amounted to -1.4% per year.

Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Algeria

Imports of lac; natural gums, resins, gum-resins and balsamses into Algeria reached 542 tons in 2022, growing by 4.3% on 2021. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 21% against the previous year. As a result, imports reached the peak of 653 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of lac; natural gums, resins, gum-resins and balsamses declined notably to $2.3M in 2022. Overall, imports, however, showed a deep slump. The pace of growth was the most pronounced in 2020 when imports increased by 32% against the previous year. As a result, imports attained the peak of $3.6M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Lac; Natural Gums, Resins, Gum-Resins and Balsams to Algeria in 2022:

1. Egypt (264.3 tons)
2. Sudan (81.4 tons)
3. France (68.6 tons)
4. Ethiopia (29.6 tons)
5. Pakistan (20.4 tons)
6. Indonesia (17.7 tons)
7. United Arab Emirates (13.1 tons)

Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Algeria

For the fourth consecutive year, Algeria recorded growth in shipments abroad of lac; natural gums, resins, gum-resins and balsamses, which increased by 2% to 2.6 tons in 2022. In general, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +23.0% 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 +86.3% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 79% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of lac; natural gums, resins, gum-resins and balsamses fell modestly to $12K in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +17.2% 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 decreased by -3.0% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 66%. As a result, the exports reached the peak of $13K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Lac; Natural Gums, Resins, Gum-Resins and Balsams from Algeria in 2022:

1. France (2.6 tons)

Source: IndexBox Market Intelligence Platform