Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Norway - 2024

Contents:

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

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

The average import price for lac; natural gums, resins, gum-resins and balsamses stood at $4,491 per ton in 2022, approximately reflecting the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 16%. Over the period under review, average import prices reached the maximum at $4,647 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($5,253 per ton), while the price for Sudan ($2,780 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+3.8%), 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 Norway (FOB) - 2022

The average export price for lac; natural gums, resins, gum-resins and balsamses stood at $12,145 per ton in 2022, which is down by -12.7% against the previous year. In general, the export price, however, posted buoyant growth. The pace of growth was the most pronounced in 2015 when the average export price increased by 316% against the previous year. As a result, the export price attained the peak level of $27,876 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($289,583 per ton), while the average price for exports to Canada amounted to $3,042 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (-11.3%).

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

In 2022, purchases abroad of lac; natural gums, resins, gum-resins and balsamses decreased by -0.8% to 238 tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +11.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 52%. As a result, imports reached the peak of 260 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of lac; natural gums, resins, gum-resins and balsamses declined modestly to $1.1M in 2022. The total import value increased at an average annual rate of +10.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 46%. As a result, imports attained the peak of $1.2M. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. France (142.1 tons)
2. United Kingdom (76.5 tons)
3. Sudan (16.0 tons)

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

For the fourth year in a row, Norway recorded growth in overseas shipments of lac; natural gums, resins, gum-resins and balsamses, which increased by 21% to 826 kg in 2022. Over the period under review, exports showed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 152% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of lac; natural gums, resins, gum-resins and balsamses rose rapidly to $10K in 2022. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 263%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in the immediate term.

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

1. Canada (800.0 kg)
2. France (24.0 kg)

Source: IndexBox Market Intelligence Platform