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

Contents:

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

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

In 2022, the average import price for lac; natural gums, resins, gum-resins and balsamses amounted to $4,234 per ton, picking up by 18% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2013 when the average import price increased by 36%. As a result, import price attained the peak level of $4,788 per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Ireland ($4,642 per ton) and the UK ($4,642 per ton), while the price for France ($3,791 per ton) and Germany ($4,433 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sudan (+19.1%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for lac; natural gums, resins, gum-resins and balsamses stood at $4,652 per ton in 2022, increasing by 29% against the previous year. Over the period under review, the export price enjoyed a measured increase. The growth pace was the most rapid in 2014 an increase of 169% against the previous year. Over the period under review, the average export prices hit record highs at $26,952 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($7,036 per ton), while the average price for exports to Turkey ($125 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (-7.5%), while the prices for the other major destinations experienced a decline.

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

In 2022, imports of lac; natural gums, resins, gum-resins and balsamses into Finland soared to 200 tons, jumping by 33% against 2021. The total import volume increased at an average annual rate of +13.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 surged to $848K in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +23.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.2% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. France (107.9 tons)
2. United Kingdom (30.8 tons)
3. Ireland (30.7 tons)
4. Germany (29.7 tons)

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

In 2022, exports of lac; natural gums, resins, gum-resins and balsamses from Finland skyrocketed to 256 kg, increasing by 5,020% compared with the previous year's figure. Over the period under review, exports continue to indicate a prominent increase. As a result, the exports attained 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 skyrocketed to $1.2K in 2022. Overall, exports, however, continue to indicate a precipitous curtailment.

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

1. Thailand (137.0 kg)
2. Estonia (55.0 kg)
3. Kazakhstan (48.0 kg)
4. Turkey (16.0 kg)

Source: IndexBox Market Intelligence Platform