Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Ecuador - 2022

Contents:

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

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

In 2022, the average import price for lac; natural gums, resins, gum-resins and balsamses amounted to $5,646 per ton, with an increase of 8.2% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 42% against the previous year. Over the period under review, average import prices attained the peak figure at $7,200 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 the United States ($13,870 per ton), while the price for Singapore ($3,816 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.3%), 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 Ecuador (FOB) - 2022

In 2022, the average export price for lac; natural gums, resins, gum-resins and balsamses amounted to $23,980 per ton, rising by 12% against the previous year. In general, the export price showed a perceptible expansion. The pace of growth was the most pronounced in 2020 an increase of 67%. The export price peaked in 2022 and is expected to retain growth in the near future.

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 the United States ($30,286 per ton), while the average price for exports to Panama ($400 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 States (+21.2%), while the prices for the other major destinations experienced a decline.

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

In 2022, approx. 410 tons of lac; natural gums, resins, gum-resins and balsamses were imported into Ecuador; jumping by 42% on 2021 figures. Overall, imports, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2021 when imports increased by 92% against the previous year.

In value terms, imports of lac; natural gums, resins, gum-resins and balsamses soared to $2.3M in 2022. Over the period under review, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 128%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.

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

1. China (290.9 tons)
2. Germany (44.4 tons)
3. United States (26.1 tons)
4. France (23.2 tons)
5. Singapore (12.7 tons)
6. Sudan (9.2 tons)
7. Italy (0.9 tons)

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

In 2022, overseas shipments of lac; natural gums, resins, gum-resins and balsamses were finally on the rise to reach 100 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a dramatic setback.

In value terms, exports of lac; natural gums, resins, gum-resins and balsamses soared to $2.4K in 2022. Over the period under review, exports, however, recorded a significant curtailment.

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

1. Poland (81.0 kg)
2. United States (14.0 kg)
3. Panama (5.0 kg)

Source: IndexBox Market Intelligence Platform