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

Contents:

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

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

The average import price for lac; natural gums, resins, gum-resins and balsamses stood at $4,006 per ton in 2022, approximately equating the previous year. In general, the import price saw a slight setback. The pace of growth appeared the most rapid in 2015 when the average import price increased by 22%. As a result, import price reached the peak level of $5,709 per ton. From 2016 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($4,638 per ton) and France ($3,919 per ton), while the price for Germany ($3,352 per ton) and India ($3,759 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sudan (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for lac; natural gums, resins, gum-resins and balsamses stood at $53,492 per ton in 2022, increasing by 41% against the previous year. In general, the export price saw a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to +76.9% per year.

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

Imports of lac; natural gums, resins, gum-resins and balsamses into Mexico soared to 2.2K tons in 2022, jumping by 29% compared with 2021. In general, imports, however, saw a relatively flat trend pattern.

In value terms, imports of lac; natural gums, resins, gum-resins and balsamses surged to $8.7M in 2022. Over the period under review, total imports indicated a tangible expansion from 2019 to 2022: its value increased at an average annual rate of +4.5% 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 +55.4% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. France (1640.1 tons)
2. United States (330.7 tons)
3. India (115.6 tons)
4. Germany (72.9 tons)

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

After two years of decline, shipments abroad of lac; natural gums, resins, gum-resins and balsamses increased by 9% to 1.1 tons in 2022. Overall, exports, however, showed a sharp shrinkage.

In value terms, exports of lac; natural gums, resins, gum-resins and balsamses skyrocketed to $60K in 2022. Over the period under review, exports, however, continue to indicate a sharp decrease.

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

1. United States (1.1 tons)

Source: IndexBox Market Intelligence Platform