Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in the Netherlands - 2023
Contents:
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in the Netherlands (CIF) - 2023
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in the Netherlands (FOB) - 2023
- Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in the Netherlands
- Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in the Netherlands
Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in the Netherlands (CIF) - 2023
The average import price for lac; natural gums, resins, gum-resins and balsamses stood at $5,853 per ton in October 2023, picking up by 47% against the previous month. Overall, import price indicated notable growth from October 2022 to October 2023: its price increased at an average monthly rate of +4.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for lac; natural gums, resins, gum-resins and balsamses increased by +47.5% against September 2023 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was India ($14,479 per ton), while the price for Sudan amounted to $3,819 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Belgium (+16.8%), 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 the Netherlands (FOB) - 2023
The average export price for lac; natural gums, resins, gum-resins and balsamses stood at $16,840 per ton in October 2023, growing by 10% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in September 2023 an increase of 70% m-o-m. The export price peaked at $17,387 per ton in October 2022; however, from November 2022 to October 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($28,777 per ton), while the average price for exports to the United States ($12,642 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in the Netherlands
In 2022, approx. 5K tons of lac; natural gums, resins, gum-resins and balsamses were imported into the Netherlands; growing by 35% against 2021. The total import volume increased at an average annual rate of +6.0% from 2019 to 2022; however, 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.
In value terms, imports of lac; natural gums, resins, gum-resins and balsamses soared to $20M in 2022. The total import value increased at an average annual rate of +12.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Lac; Natural Gums, Resins, Gum-Resins and Balsams in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 8.3 | 9.0 | 9.5 | 12.1 | 13.4% |
| Germany | 2.5 | 3.2 | 3.3 | 4.5 | 21.6% |
| Belgium | 0.4 | 0.3 | 0.5 | 0.7 | 20.5% |
| United Kingdom | 1.1 | 0.5 | 0.6 | 0.2 | -43.3% |
| Others | 1.6 | 1.7 | 2.9 | 2.1 | 9.5% |
| Total | 13.9 | 14.7 | 16.8 | 19.6 | 12.1% |
Top Suppliers of Lac; Natural Gums, Resins, Gum-Resins and Balsams to the Netherlands in 2022:
- France (3.9K tons)
- Germany (0.8K tons)
- Belgium (0.1K tons)
Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in the Netherlands
In 2022, the amount of lac; natural gums, resins, gum-resins and balsamses exported from the Netherlands surged to 960 tons, with an increase of 25% compared with the previous year. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 147% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in the near future.
In value terms, exports of lac; natural gums, resins, gum-resins and balsamses soared to $6.6M in 2022. In general, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Lac; Natural Gums, Resins, Gum-Resins and Balsams in the Netherlands (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 884 | 1,528 | 1,725 | 1,641 | 22.9% |
| Germany | 385 | 394 | 963 | 1,400 | 53.8% |
| United States | 284 | 59.5 | 71.0 | 1,030 | 53.6% |
| Italy | 117 | 66.8 | 119 | 638 | 76.0% |
| France | 43.3 | 117 | 255 | 340 | 98.8% |
| Spain | 77.4 | 87.7 | 95.6 | 204 | 38.1% |
| United Kingdom | 89.1 | 279 | 146 | 125 | 11.9% |
| Russia | 325 | 590 | 505 | 78.9 | -37.6% |
| Others | 877 | 498 | 963 | 1,185 | 10.6% |
| Total | 3,081 | 3,619 | 4,842 | 6,642 | 29.2% |
Top Export Markets for Lac; Natural Gums, Resins, Gum-Resins and Balsams from the Netherlands in 2022:
- Belgium (424.4 tons)
- Germany (152.1 tons)
- United States (89.6 tons)
- France (73.0 tons)
- Italy (46.2 tons)
- Russia (38.5 tons)
- Spain (17.6 tons)
- United Kingdom (13.9 tons)
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