Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Saudi Arabia - 2022
Contents:
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Saudi Arabia (FOB) - 2022
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Saudi Arabia (CIF) - 2022
- Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Saudi Arabia
- Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Saudi Arabia
Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Saudi Arabia (FOB) - 2022
The average export price for lac; natural gums, resins, gum-resins and balsamses stood at $2,846 per ton in 2022, jumping by 23% against the previous year. Over the period under review, the export price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2014 an increase of 136% against the previous year. Over the period under review, the average export prices attained the maximum at $4,928 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Yemen.
From 2012 to 2022, the rate of growth in terms of prices for Yemen amounted to -1.0% per year.
Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Saudi Arabia (CIF) - 2022
The average import price for lac; natural gums, resins, gum-resins and balsamses stood at $7,218 per ton in 2021, surging by 17% against the previous year. Overall, the import price saw buoyant growth. The pace of growth appeared the most rapid in 2019 when the average import price increased by 73% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($32,992 per ton), while the price for Italy ($3,089 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Saudi Arabia
In 2022, approx. 38 tons of lac; natural gums, resins, gum-resins and balsamses were exported from Saudi Arabia; growing by 238% compared with the previous year. In general, exports enjoyed a mild increase.
In value terms, exports of lac; natural gums, resins, gum-resins and balsamses surged to $108K in 2022. Over the period under review, exports posted a buoyant 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 Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Yemen | 93.3 | 40.4 | 453 | 108 | 5.0% |
| Iraq | 6.0 | N/A | N/A | N/A | 0% |
| Togo | N/A | N/A | 274 | N/A | 0% |
| United Arab Emirates | N/A | 45.5 | 17.8 | N/A | -60.9% |
| Sudan | N/A | N/A | 21.6 | N/A | 0% |
| Libya | 45.0 | N/A | 9.6 | N/A | -53.8% |
| Others | -65.6 | N/A | -750.2 | N/A | 238.2% |
| Total | 78.7 | 85.9 | 26.1 | 108 | 11.1% |
Top Export Markets for Lac; Natural Gums, Resins, Gum-Resins and Balsams from Saudi Arabia in 2022:
- Yemen (38.0 tons)
Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Saudi Arabia
Imports of lac; natural gums, resins, gum-resins and balsamses into Saudi Arabia declined sharply to 1.9K tons in 2021, which is down by -45.3% compared with the previous year. Over the period under review, imports showed a precipitous slump. The smallest decline of -21.3% was in 2020.
In value terms, imports of lac; natural gums, resins, gum-resins and balsamses contracted significantly to $14M in 2021. In general, imports faced a significant decline. The smallest decline of -21.4% was in 2020.
| Import of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| United States | 13.3 | 10.6 | 7.1 | -26.9% | |
| Spain | 3.0 | 0.6 | 2.4 | -10.6% | |
| Italy | N/A | N/A | 1.3 | 0% | |
| China | 1.0 | 1.3 | 1.1 | 4.9% | |
| Iraq | 1.4 | 0.7 | 0.7 | -29.3% | |
| Austria | 1.0 | 0.4 | 0.3 | -45.2% | |
| Turkey | 7.0 | 7.5 | N/A | 7.1% | |
| Others | 1.0 | 0.6 | 1.0 | 0.0% | |
| Total | 27.7 | 21.8 | 13.9 | -29.2% | |
Top Suppliers of Lac; Natural Gums, Resins, Gum-Resins and Balsams to Saudi Arabia in 2022:
- Spain (637.3 tons)
- Italy (433.4 tons)
- United States (213.9 tons)
- China (194.0 tons)
- Iraq (53.0 tons)
- Austria (48.0 tons)
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