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

Contents:

1. Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Hungary (CIF) - 2023
2. Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Hungary (FOB) - 2022
3. Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Hungary
4. Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Hungary

Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Hungary (CIF) - 2023

In October 2023, the average import price for lac; natural gums, resins, gum-resins and balsamses amounted to $28,861 per ton, increasing by 578% against the previous month. Over the period under review, the import price recorded a significant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was the UK ($36,547 per ton), while the price for the United States amounted to $9,648 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the UK (+17.7%), 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 Hungary (FOB) - 2022

In 2022, the average export price for lac; natural gums, resins, gum-resins and balsamses amounted to $9,370 per ton, growing by 36% against the previous year. Overall, the export price, however, continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2014 an increase of 115%. The export price peaked at $28,180 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jordan ($17,667 per ton), while the average price for exports to France ($3,158 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 Jordan (+127.6%), 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 Hungary

In 2022, after three years of growth, there was significant decline in supplies from abroad of lac; natural gums, resins, gum-resins and balsamses, when their volume decreased by -13.8% to 1.3K tons. In general, imports, however, posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 943%.

In value terms, imports of lac; natural gums, resins, gum-resins and balsamses fell to $3.5M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +9.6% 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 +31.6% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 34% against the previous year. As a result, imports attained the peak of $3.9M, and then dropped in the following year.

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

1. France (1102.1 tons)
2. United Kingdom (53.8 tons)
3. Ireland (41.3 tons)
4. Germany (32.5 tons)

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

For the fourth year in a row, Hungary recorded growth in shipments abroad of lac; natural gums, resins, gum-resins and balsamses, which increased by 108% to 12 tons in 2022. Overall, exports showed a significant expansion. 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 soared to $111K in 2022. In general, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Switzerland (2.9 tons)
2. Slovenia (2.7 tons)
3. France (2.5 tons)
4. Egypt (2.4 tons)
5. Latvia (0.8 tons)
6. Singapore (0.2 tons)

Source: IndexBox Market Intelligence Platform