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

Contents:

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

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

The average import price for lac; natural gums, resins, gum-resins and balsamses stood at $4,701 per ton in 2022, growing by 11% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 35% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($7,904 per ton), while the price for Pakistan ($2,507 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+8.0%), 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 Chile (FOB) - 2022

In 2022, the average export price for lac; natural gums, resins, gum-resins and balsamses amounted to $7,013 per ton, which is down by -2.5% against the previous year. Overall, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for lac; natural gums, resins, gum-resins and balsamses increased by +30.6% against 2019 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 49%. Over the period under review, the average export prices attained the maximum at $7,323 per ton in 2017; however, from 2018 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 Argentina ($9,699 per ton), while the average price for exports to Bolivia ($2,873 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 Colombia (+24.9%), 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 Chile

In 2022, overseas purchases of lac; natural gums, resins, gum-resins and balsamses decreased by -10.3% to 655 tons, falling for the second year in a row after two years of growth. Overall, imports saw a noticeable slump. The most prominent rate of growth was recorded in 2020 when imports increased by 13% against the previous year. As a result, imports reached the peak of 843 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 dropped modestly to $3.1M in 2022. The total import value increased at an average annual rate of +4.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 12% against the previous year.

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

1. France (210.8 tons)
2. Italy (97.0 tons)
3. United States (87.5 tons)
4. Spain (79.1 tons)
5. Pakistan (60.0 tons)
6. Peru (43.6 tons)
7. India (42.1 tons)
8. China (7.0 tons)

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

Exports of lac; natural gums, resins, gum-resins and balsamses from Chile surged to 41 tons in 2022, with an increase of 107% compared with the year before. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 159% against the previous year. Over the period under review, the exports of attained the peak figure 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 surged to $291K in 2022. In general, exports showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 162% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

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

1. Argentina (18.2 tons)
2. Mexico (12.0 tons)
3. Peru (4.9 tons)
4. Colombia (4.5 tons)
5. Uruguay (1.1 tons)
6. Bolivia (0.8 tons)

Source: IndexBox Market Intelligence Platform