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

Contents:

1. Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Austria (CIF) - 2023
2. Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Austria (FOB) - 2022
3. Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Austria
4. Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Austria

Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Austria (CIF) - 2023

In October 2023, the average import price for lac; natural gums, resins, gum-resins and balsamses amounted to $67,626 per ton, surging by 1,213% against the previous month. In general, the import price enjoyed a remarkable increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was Oman ($80,767 per ton), while the price for China amounted to $45,762 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Oman (+8.3%), 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 Austria (FOB) - 2022

In 2022, the average export price for lac; natural gums, resins, gum-resins and balsamses amounted to $8,491 per ton, falling by -43% against the previous year. In general, the export price saw a abrupt decline. The growth pace was the most rapid in 2013 an increase of 18% against the previous year. As a result, the export price attained the peak level of $21,407 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Iran ($47,621 per ton), while the average price for exports to Slovakia ($5,714 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 the United Arab Emirates (+65.9%), 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 Austria

In 2022, imports of lac; natural gums, resins, gum-resins and balsamses into Austria surged to 822 tons, jumping by 24% against the previous year's figure. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +14.5% 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 +54.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of lac; natural gums, resins, gum-resins and balsamses stood at $4.6M in 2022. The total import value increased at an average annual rate of +10.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 22% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

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

1. France (272.3 tons)
2. Germany (211.9 tons)
3. Italy (109.6 tons)
4. Hungary (77.5 tons)
5. Poland (75.0 tons)
6. Netherlands (21.3 tons)
7. Slovakia (15.3 tons)
8. India (1.4 tons)
9. United Kingdom (0.1 tons)

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

In 2022, exports of lac; natural gums, resins, gum-resins and balsamses from Austria skyrocketed to 104 tons, picking up by 294% on the year before. Overall, exports continue to indicate a significant expansion. As a result, the exports attained 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 $879K in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Slovakia (79.5 tons)
2. Slovenia (12.4 tons)
3. Germany (4.6 tons)
4. Serbia (2.0 tons)

Source: IndexBox Market Intelligence Platform