Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in the United Arab Emirates - 2022

Contents:

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

Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in the United Arab Emirates (FOB) - 2022

In 2022, the average export price for lac; natural gums, resins, gum-resins and balsamses amounted to $3,218 per ton, declining by -7.3% against the previous year. In general, the export price, however, enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2014 an increase of 133% against the previous year. As a result, the export price reached the peak level of $5,779 per ton. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($8,514 per ton), while the average price for exports to Tanzania ($447 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 Yemen (+44.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in the United Arab Emirates (CIF) - 2022

In 2022, the average import price for lac; natural gums, resins, gum-resins and balsamses amounted to $1,762 per ton, shrinking by -44% against the previous year. In general, the import price continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2019 an increase of 39%. As a result, import price reached the peak level of $4,713 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Greece ($5,696 per ton), while the price for Oman ($560 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+8.0%), 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 the United Arab Emirates

For the fourth year in a row, the United Arab Emirates recorded growth in overseas shipments of lac; natural gums, resins, gum-resins and balsamses, which increased by 293% to 5.4K tons in 2022. Overall, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of lac; natural gums, resins, gum-resins and balsamses skyrocketed to $17M in 2022. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Lac; Natural Gums, Resins, Gum-Resins and Balsams from the United Arab Emirates in 2022:

1. Saudi Arabia (867.6 tons)
2. Tanzania (577.3 tons)
3. Iraq (567.1 tons)
4. India (565.3 tons)
5. Tunisia (383.7 tons)
6. Yemen (260.4 tons)
7. Somalia (246.4 tons)
8. Pakistan (224.5 tons)
9. France (209.4 tons)
10. Egypt (196.2 tons)
11. Iran (173.9 tons)
12. Germany (172.6 tons)
13. Italy (145.5 tons)

Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in the United Arab Emirates

In 2022, imports of lac; natural gums, resins, gum-resins and balsamses into the United Arab Emirates soared to 7.6K tons, jumping by 67% on the previous year's figure. Over the period under review, imports saw significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 83%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of lac; natural gums, resins, gum-resins and balsamses fell to $13M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. As a result, imports reached the peak of $14M, and then fell in the following year.

Top Suppliers of Lac; Natural Gums, Resins, Gum-Resins and Balsams to the United Arab Emirates in 2022:

1. Sudan (2326.3 tons)
2. Indonesia (1036.2 tons)
3. South Sudan (902.3 tons)
4. India (704.6 tons)
5. Somalia (474.1 tons)
6. Nigeria (398.2 tons)
7. Oman (324.5 tons)
8. Greece (311.5 tons)
9. Afghanistan (245.3 tons)
10. Kenya (197.6 tons)
11. Iraq (151.7 tons)
12. Egypt (114.3 tons)

Source: IndexBox Market Intelligence Platform