Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Argentina - 2023

Contents:

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

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

The average import price for lac; natural gums, resins, gum-resins and balsamses stood at $4,991 per ton in 2022, growing by 4.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +5.2%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 62% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Somalia ($15,712 per ton), while the price for Uruguay ($1,343 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+8.5%), 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 Argentina (FOB) - 2022

The average export price for lac; natural gums, resins, gum-resins and balsamses stood at $1,514 per ton in 2022, which is down by -42.3% against the previous year. In general, the export price continues to indicate a pronounced slump. The growth pace was the most rapid in 2014 an increase of 60% against the previous year. The export price peaked at $3,160 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($1,620 per ton), while the average price for exports to China ($1,015 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 Brazil (+5.0%), while the prices for the other major destinations experienced a decline.

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

For the fourth consecutive year, Argentina recorded growth in purchases abroad of lac; natural gums, resins, gum-resins and balsamses, which increased by 12% to 1.7K tons in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +16.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.0% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 24%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, imports of lac; natural gums, resins, gum-resins and balsamses soared to $8.5M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.8% 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 +85.1% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 37% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

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

1. France (650.1 tons)
2. Italy (455.4 tons)
3. Sudan (150.2 tons)
4. United States (130.4 tons)
5. Spain (102.8 tons)
6. Somalia (66.0 tons)
7. Uruguay (44.0 tons)

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

For the fourth consecutive year, Argentina recorded growth in shipments abroad of lac; natural gums, resins, gum-resins and balsamses, which increased by 370% to 3.1K tons in 2022. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of lac; natural gums, resins, gum-resins and balsamses skyrocketed to $4.7M in 2022. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 576%. The exports peaked in 2022 and are expected to retain growth in the near future.

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

1. Portugal (2390.7 tons)
2. China (321.5 tons)
3. Brazil (203.9 tons)
4. Vietnam (193.8 tons)

Source: IndexBox Market Intelligence Platform