Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Colombia - 2022
Contents:
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Colombia (CIF) - 2022
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Colombia (FOB) - 2022
- Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Colombia
- Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Colombia
Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Colombia (CIF) - 2022
The average import price for lac; natural gums, resins, gum-resins and balsamses stood at $3,170 per ton in 2022, dropping by -31.8% against the previous year. Over the period under review, the import price recorded a perceptible slump. The growth pace was the most rapid in 2014 an increase of 19%. As a result, import price attained the peak level of $7,150 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($15,692 per ton), while the price for India ($1,759 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+11.5%), 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 Colombia (FOB) - 2022
In 2022, the average export price for lac; natural gums, resins, gum-resins and balsamses amounted to $11,379 per ton, waning by -26% against the previous year. Overall, the export price showed a pronounced descent. The pace of growth appeared the most rapid in 2018 an increase of 71%. The export price peaked at $27,702 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
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 Peru ($38,069 per ton), while the average price for exports to Mexico ($2,750 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 Lithuania (+40.9%), 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 Colombia
Imports of lac; natural gums, resins, gum-resins and balsamses into Colombia surged to 970 tons in 2022, jumping by 158% on the year before. Over the period under review, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of lac; natural gums, resins, gum-resins and balsamses skyrocketed to $3.1M in 2022. In general, imports showed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 551 | 422 | 755 | 1,332 | 34.2% |
| India | 375 | 606 | 146 | 1,078 | 42.2% |
| United Kingdom | 118 | N/A | N/A | 125 | 1.9% |
| Egypt | 28.1 | 38.5 | 70.3 | 119 | 61.8% |
| Sudan | 120 | 55.5 | 117 | 100 | -5.9% |
| Germany | 79.3 | 52.7 | 112 | 98.1 | 7.3% |
| United States | 444 | 453 | 482 | 49.0 | -52.0% |
| Others | 108 | 87.7 | 69.3 | 172 | 16.8% |
| Total | 1,823 | 1,715 | 1,751 | 3,074 | 19.0% |
Top Suppliers of Lac; Natural Gums, Resins, Gum-Resins and Balsams to Colombia in 2022:
- India (613.2 tons)
- France (222.8 tons)
- Egypt (33.5 tons)
- Sudan (28.0 tons)
- Germany (21.2 tons)
- United Kingdom (17.8 tons)
- United States (3.1 tons)
Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Colombia
In 2022, exports of lac; natural gums, resins, gum-resins and balsamses from Colombia expanded significantly to 9.1 tons, with an increase of 13% compared with the year before. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 337%. 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 sharply to $104K in 2022. Over the period under review, exports recorded a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 343%. As a result, the exports attained the peak of $124K, and then declined sharply in the following year.
| Export of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | N/A | N/A | 28.1 | 33.8 | 20.3% |
| Peru | 19.3 | 8.9 | 17.8 | 28.9 | 14.4% |
| Poland | 23.9 | 8.4 | 6.8 | 14.3 | -15.7% |
| Ecuador | 7.9 | 3.7 | 1.6 | 9.3 | 5.6% |
| Mexico | N/A | N/A | N/A | 2.8 | 0% |
| Venezuela | 1.5 | 2.8 | N/A | 0.8 | -18.9% |
| Brazil | N/A | N/A | 50.7 | N/A | 0% |
| Others | 24.1 | 4.1 | 18.8 | 13.7 | -17.2% |
| Total | 76.7 | 27.9 | 124 | 104 | 10.7% |
Top Export Markets for Lac; Natural Gums, Resins, Gum-Resins and Balsams from Colombia in 2022:
- Chile (5.9 tons)
- Mexico (1.0 tons)
- Peru (0.8 tons)
- Ecuador (0.8 tons)
- Poland (0.4 tons)
- Venezuela (0.2 tons)
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