Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Australia - 2023
Contents:
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Australia (CIF) - 2022
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Australia (FOB) - 2022
- Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Australia
- Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Australia
Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Australia (CIF) - 2022
The average import price for lac; natural gums, resins, gum-resins and balsamses stood at $5,894 per ton in 2022, surging by 19% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2018 an increase of 32%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
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 Germany ($15,151 per ton), while the price for Italy ($3,454 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.7%), 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 Australia (FOB) - 2022
In 2022, the average export price for lac; natural gums, resins, gum-resins and balsamses amounted to $7,622 per ton, reducing by -26.5% against the previous year. In general, the export price, however, saw a mild increase. The most prominent rate of growth was recorded in 2017 an increase of 76%. Over the period under review, the average export prices hit record highs at $14,057 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($78,644 per ton), while the average price for exports to Germany ($3,810 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 South Africa (+35.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Australia
In 2022, overseas purchases of lac; natural gums, resins, gum-resins and balsamses decreased by -7.5% to 1.5K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +8.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 33% against the previous year. As a result, imports attained the peak of 1.6K tons, and then dropped in the following year.
In value terms, imports of lac; natural gums, resins, gum-resins and balsamses stood at $9M in 2022. The total import value increased at an average annual rate of +10.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 23%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 1,093 | 1,535 | 2,535 | 2,254 | 27.3% |
| China | 992 | 662 | 1,014 | 1,294 | 9.3% |
| India | 391 | 480 | 1,383 | 1,016 | 37.5% |
| United Kingdom | 1,784 | 866 | 750 | 940 | -19.2% |
| United States | 228 | 444 | 285 | 750 | 48.7% |
| Thailand | 128 | 330 | 43.8 | 633 | 70.4% |
| Germany | 535 | 572 | 757 | 553 | 1.1% |
| Netherlands | 571 | 651 | 627 | 261 | -23.0% |
| Belgium | N/A | 0.9 | 53.7 | 155 | 1212.3% |
| Italy | 167 | 114 | 109 | 78.8 | -22.1% |
| Others | 779 | 953 | 594 | 1,060 | 10.8% |
| Total | 6,667 | 6,607 | 8,151 | 8,995 | 10.5% |
Top Suppliers of Lac; Natural Gums, Resins, Gum-Resins and Balsams to Australia in 2022:
- France (652.2 tons)
- China (255.1 tons)
- India (160.2 tons)
- United Kingdom (106.5 tons)
- United States (79.5 tons)
- Thailand (61.1 tons)
- Netherlands (40.9 tons)
- Belgium (38.0 tons)
- Germany (36.5 tons)
- Italy (22.8 tons)
Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Australia
In 2022, approx. 26 tons of lac; natural gums, resins, gum-resins and balsamses were exported from Australia; picking up by 136% on 2021 figures. Over the period under review, exports, however, saw a dramatic shrinkage.
In value terms, exports of lac; natural gums, resins, gum-resins and balsamses skyrocketed to $201K in 2022. In general, exports, however, saw a significant contraction.
| Export of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 194 | 44.9 | 50.0 | 63.4 | -31.1% |
| Germany | N/A | 41.1 | N/A | 40.0 | -1.3% |
| United Kingdom | 254 | 160 | N/A | 34.7 | -48.5% |
| Malaysia | 92.2 | 20.5 | N/A | 29.0 | -32.0% |
| Japan | 17.9 | N/A | 7.2 | 20.8 | 5.1% |
| Papua New Guinea | 26.8 | N/A | 18.8 | 4.7 | -44.0% |
| Thailand | 4.1 | N/A | 2.8 | 4.4 | 2.4% |
| Hong Kong SAR | 55.2 | 30.0 | 18.1 | N/A | -42.7% |
| India | 17.0 | N/A | 9.1 | N/A | -26.8% |
| South Africa | 52.7 | 2.0 | N/A | N/A | -96.2% |
| United States | 120 | 62.5 | 0.3 | N/A | -95.0% |
| Others | 362 | 327 | 9.7 | 4.0 | -77.7% |
| Total | 1,196 | 688 | 116 | 201 | -44.8% |
Top Export Markets for Lac; Natural Gums, Resins, Gum-Resins and Balsams from Australia in 2022:
- Germany (10.5 tons)
- New Zealand (10.5 tons)
- Japan (1.5 tons)
- Malaysia (1.4 tons)
- Thailand (1.0 tons)
- Papua New Guinea (0.6 tons)
- United Kingdom (0.4 tons)
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