Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Ethiopia - 2022
Contents:
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Ethiopia (CIF) - 2022
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Ethiopia (FOB) - 2022
- Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Ethiopia
- Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Ethiopia
Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Ethiopia (CIF) - 2022
In 2022, the average import price for lac; natural gums, resins, gum-resins and balsamses amounted to $1,115 per ton, growing by 1.6% against the previous year. In general, the import price, however, showed a mild slump. The most prominent rate of growth was recorded in 2015 when the average import price increased by 12%. As a result, import price reached the peak level of $1,473 per ton. From 2016 to 2022, the average import prices remained at a 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 Arab Emirates ($3,277 per ton), while the price for Sudan ($1,089 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 Arab Emirates (+5.5%), 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 Ethiopia (FOB) - 2022
In 2022, the average export price for lac; natural gums, resins, gum-resins and balsamses amounted to $4,675 per ton, remaining stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 18%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue 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 Tunisia ($7,505 per ton), while the average price for exports to the Netherlands ($2,686 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 Hong Kong SAR (+5.9%), 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 Ethiopia
In 2022, supplies from abroad of lac; natural gums, resins, gum-resins and balsamses was finally on the rise to reach 4.7K tons after two years of decline. Overall, imports showed a significant increase. As a result, imports reached 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 $5.3M in 2022. In general, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Ethiopia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sudan | 2.5 | 2.1 | 1.1 | 4.7 | 23.4% |
| Indonesia | 0.2 | 0.2 | 0.4 | 0.4 | 26.0% |
| Others | 0.1 | 0.2 | 0.2 | 0.1 | 0.0% |
| Total | 2.8 | 2.6 | 1.7 | 5.3 | 23.7% |
Top Suppliers of Lac; Natural Gums, Resins, Gum-Resins and Balsams to Ethiopia in 2022:
- Sudan (4.3K tons)
- Indonesia (0.3K tons)
Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Ethiopia
In 2022, the amount of lac; natural gums, resins, gum-resins and balsamses exported from Ethiopia dropped remarkably to 255 tons, falling by -61.3% on the previous year's figure. Over the period under review, exports recorded a precipitous shrinkage. The smallest decline of -15.8% was in 2021.
In value terms, exports of lac; natural gums, resins, gum-resins and balsamses shrank remarkably to $1.2M in 2022. In general, exports continue to indicate a precipitous descent. The smallest decline of -13.9% was in 2021.
| Export of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 224 | 388 | 579 | 317 | 12.3% |
| China | 3,414 | 894 | 996 | 262 | -57.5% |
| Tunisia | 605 | 398 | 204 | 225 | -28.1% |
| Hong Kong SAR | N/A | N/A | 138 | 173 | 25.4% |
| Germany | 357 | 770 | 412 | 86.8 | -37.6% |
| United Arab Emirates | N/A | 46.5 | 29.7 | 49.8 | 3.5% |
| Netherlands | N/A | N/A | N/A | 45.7 | 0% |
| Bulgaria | 452 | 281 | 183 | 14.9 | -67.9% |
| Guatemala | 165 | 97.0 | 79.0 | N/A | -30.8% |
| Iraq | 376 | 90.9 | N/A | N/A | -75.8% |
| India | 118 | 43.7 | 17.4 | N/A | -61.6% |
| Singapore | 364 | N/A | N/A | N/A | 0% |
| Algeria | 507 | 405 | 239 | N/A | -31.3% |
| Others | 405 | 130 | 174 | 16.0 | -65.9% |
| Total | 6,987 | 3,544 | 3,052 | 1,191 | -44.6% |
Top Export Markets for Lac; Natural Gums, Resins, Gum-Resins and Balsams from Ethiopia in 2022:
- Greece (67.2 tons)
- China (67.0 tons)
- Hong Kong SAR (32.0 tons)
- Tunisia (30.0 tons)
- Netherlands (17.0 tons)
- United Arab Emirates (16.0 tons)
- Germany (16.0 tons)
- Bulgaria (4.1 tons)
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