Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Kuwait - 2022
Contents:
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Kuwait (CIF) - 2022
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Kuwait (FOB) - 2022
- Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Kuwait
- Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Kuwait
Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Kuwait (CIF) - 2022
The average import price for lac; natural gums, resins, gum-resins and balsamses stood at $11,773 per ton in 2022, increasing by 87% against the previous year. In general, the import price recorded a resilient expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Greece ($108,717 per ton), while the price for Iran ($1,066 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Somalia (+9.4%), 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 Kuwait (FOB) - 2022
The average export price for lac; natural gums, resins, gum-resins and balsamses stood at $13,451 per ton in 2022, growing by 239% against the previous year. In general, the export price saw a resilient expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($13,994 per ton), while the average price for exports to Oman stood at $4,116 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+11.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Kuwait
In 2022, supplies from abroad of lac; natural gums, resins, gum-resins and balsamses increased by 72% to 157 tons for the first time since 2019, thus ending a two-year declining trend. Overall, total imports indicated a pronounced expansion from 2019 to 2022: its volume increased at an average annual rate of +4.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained 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 $1.8M in 2022. Over the period under review, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 62.5 | 68.2 | 93.0 | 556 | 107.2% |
| India | 115 | 58.0 | 108 | 304 | 38.3% |
| Sudan | 59.6 | 46.0 | 69.4 | 298 | 71.0% |
| Oman | 2.8 | 3.5 | 33.7 | 167 | 290.7% |
| Somalia | 12.8 | 6.5 | 22.3 | 100 | 98.4% |
| United Arab Emirates | 63.7 | 26.8 | 5.8 | 29.0 | -23.1% |
| Yemen | 0.8 | 1.2 | 4.3 | 15.5 | 168.6% |
| Nigeria | 56.1 | 43.0 | 3.2 | 15.2 | -35.3% |
| Indonesia | 14.7 | 7.2 | 2.5 | 7.6 | -19.7% |
| Iran | 13.0 | 1.1 | 0.2 | 5.3 | -25.9% |
| Malaysia | 38.4 | 34.5 | 41.5 | N/A | 4.0% |
| Ethiopia | 132 | 119 | 143 | N/A | 4.1% |
| Others | 191 | 97.4 | 49.6 | 353 | 22.7% |
| Total | 762 | 512 | 576 | 1,850 | 34.4% |
Top Suppliers of Lac; Natural Gums, Resins, Gum-Resins and Balsams to Kuwait in 2022:
- Sudan (60.7 tons)
- India (28.0 tons)
- Somalia (12.5 tons)
- Oman (12.4 tons)
- Yemen (8.9 tons)
- United Arab Emirates (8.8 tons)
- Indonesia (6.9 tons)
- Greece (5.1 tons)
- Iran (5.0 tons)
- Nigeria (3.9 tons)
Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Kuwait
After two years of decline, overseas shipments of lac; natural gums, resins, gum-resins and balsamses increased by 114% to 3.3 tons in 2022. Overall, exports, however, continue to indicate a sharp descent.
In value terms, exports of lac; natural gums, resins, gum-resins and balsamses soared to $44K in 2022. In general, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 0.1 | 0.1 | 0.3 | 43.5 | 657.7% |
| Oman | 0.1 | 0.7 | N/A | 0.7 | 91.3% |
| United Arab Emirates | 1.2 | 0.5 | 0.1 | N/A | -71.1% |
| Iran | 16.4 | 11.3 | 4.6 | N/A | -47.0% |
| Iraq | 5.7 | 2.8 | 0.8 | N/A | -62.5% |
| Saudi Arabia | 1.3 | 0.2 | N/A | N/A | -84.6% |
| Others | 0.7 | 0.3 | 0.2 | N/A | -46.5% |
| Total | 25.5 | 15.8 | 6.1 | 44.3 | 20.2% |
Top Export Markets for Lac; Natural Gums, Resins, Gum-Resins and Balsams from Kuwait in 2022:
- Qatar (3.1 tons)
- Oman (0.2 tons)
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