Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Russia - 2022

Contents:

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

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

The average import price for lac; natural gums, resins, gum-resins and balsamses stood at $4,499 per ton in 2022, rising by 36% against the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for lac; natural gums, resins, gum-resins and balsamses increased by +55.8% against 2019 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 47% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($6,264 per ton), while the price for the Netherlands ($1,908 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mongolia (+33.9%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for lac; natural gums, resins, gum-resins and balsamses amounted to $5,440 per ton, increasing by 9.8% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 46%. The export price peaked at $6,088 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kyrgyzstan ($5,513 per ton), while the average price for exports to Estonia ($2,701 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 Kyrgyzstan (+39.0%), while the prices for the other major destinations experienced a decline.

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

Imports of lac; natural gums, resins, gum-resins and balsamses into Russia contracted to 3K tons in 2022, dropping by -11.3% against the year before. Over the period under review, imports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2021 when imports increased by 8.8% against the previous year. As a result, imports reached the peak of 3.3K tons, and then fell in the following year.

In value terms, imports of lac; natural gums, resins, gum-resins and balsamses soared to $13M in 2022. The total import value increased at an average annual rate of +11.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. France (573.7 tons)
2. Germany (244.2 tons)
3. India (238.0 tons)
4. China (154.8 tons)
5. Poland (150.9 tons)
6. Lithuania (149.2 tons)
7. Turkey (43.2 tons)
8. Netherlands (38.5 tons)

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

In 2022, exports of lac; natural gums, resins, gum-resins and balsamses from Russia reduced markedly to 149 tons, falling by -42.2% against the year before. In general, exports saw a dramatic slump. The pace of growth was the most pronounced in 2021 with an increase of 52%.

In value terms, exports of lac; natural gums, resins, gum-resins and balsamses dropped notably to $812K in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 98%. As a result, the exports reached the peak of $1.3M, and then fell sharply in the following year.

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

1. Kazakhstan (110.6 tons)
2. Estonia (18.7 tons)

Source: IndexBox Market Intelligence Platform