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

Contents:

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

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

In 2022, the average import price for lac; natural gums, resins, gum-resins and balsamses amounted to $5,639 per ton, jumping by 22% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for lac; natural gums, resins, gum-resins and balsamses increased by +104.7% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of 33%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($9,864 per ton), while the price for Sudan ($3,480 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+25.3%), 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 Egypt (FOB) - 2022

In 2022, the average export price for lac; natural gums, resins, gum-resins and balsamses amounted to $7,460 per ton, reducing by -81.5% against the previous year. Overall, the export price, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 550% against the previous year. Over the period under review, the average export prices attained the peak figure at $40,263 per ton in 2021, and then fell remarkably in the following year.

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 Israel ($78,966 per ton), while the average price for exports to Tunisia ($700 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 India (+90.3%), 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 Egypt

Imports of lac; natural gums, resins, gum-resins and balsamses into Egypt dropped significantly to 677 tons in 2022, with a decrease of -19.9% against 2021 figures. Over the period under review, imports showed a deep reduction. The smallest decline of -14.4% was in 2020.

In value terms, imports of lac; natural gums, resins, gum-resins and balsamses dropped slightly to $3.8M in 2022. The total import value increased at an average annual rate of +4.5% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 8% against the previous year. As a result, imports reached the peak of $3.9M, and then contracted modestly in the following year.

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

1. Indonesia (321.5 tons)
2. France (110.9 tons)
3. India (76.9 tons)
4. Greece (64.4 tons)
5. Somalia (39.1 tons)
6. Sudan (22.3 tons)
7. China (12.5 tons)
8. Germany (12.4 tons)

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

In 2022, exports of lac; natural gums, resins, gum-resins and balsamses from Egypt surged to 257 tons, increasing by 1,130% on the previous year's figure. Overall, exports showed significant growth. As a result, the exports reached 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 soared to $1.9M in 2022. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 434% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in the immediate term.

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

1. Tunisia (64.5 tons)
2. United Arab Emirates (62.4 tons)
3. Algeria (30.3 tons)
4. Mexico (29.2 tons)
5. Guatemala (12.8 tons)
6. Jordan (11.3 tons)
7. Germany (10.7 tons)
8. China (10.1 tons)
9. Saudi Arabia (8.2 tons)
10. India (4.5 tons)
11. Greece (3.7 tons)
12. Israel (0.9 tons)

Source: IndexBox Market Intelligence Platform