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

Contents:

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

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

The average import price for lac; natural gums, resins, gum-resins and balsamses stood at $4,018 per ton in 2022, shrinking by -17.5% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 31%. As a result, import price reached the peak level of $4,877 per ton. From 2021 to 2022, the average import prices remained 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 China ($10,551 per ton), while the price for Italy ($3,611 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for lac; natural gums, resins, gum-resins and balsamses stood at $5,167 per ton in 2022, dropping by -87.5% against the previous year. Overall, the export price, however, continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2015 an increase of 113%. The export price peaked at $41,237 per ton in 2021, and then shrank rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($66,667 per ton), while the average price for exports to Canada ($3,968 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 the United States (+35.3%), 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 Israel

In 2022, approx. 455 tons of lac; natural gums, resins, gum-resins and balsamses were imported into Israel; surging by 13% compared with 2021. The total import volume increased at an average annual rate of +6.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 27%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, imports of lac; natural gums, resins, gum-resins and balsamses shrank to $1.8M in 2022. The total import value increased at an average annual rate of +9.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 27%. As a result, imports attained the peak of $2M, and then dropped in the following year.

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

1. France (369.6 tons)
2. Germany (31.6 tons)
3. China (23.1 tons)
4. Greece (9.6 tons)
5. Italy (8.9 tons)
6. United Arab Emirates (1.9 tons)

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

In 2022, the amount of lac; natural gums, resins, gum-resins and balsamses exported from Israel skyrocketed to 12 tons, increasing by 4,156% on the year before. Overall, exports recorded a significant expansion. 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 surged to $64K in 2022. In general, exports continue to indicate significant growth. As a result, the exports attained 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 Israel in 2022:

1. Italy (9.8 tons)
2. Greece (1.5 tons)
3. Canada (0.5 tons)
4. Brazil (0.3 tons)
5. France (0.3 tons)

Source: IndexBox Market Intelligence Platform