Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Uganda - 2022
Contents:
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Uganda (FOB) - 2022
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Uganda (CIF) - 2022
- Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Uganda
- Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Uganda
Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Uganda (FOB) - 2022
The average export price for lac; natural gums, resins, gum-resins and balsamses stood at $1,596 per ton in 2022, rising by 6.8% against the previous year. Over the period under review, the export price, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2019 when the average export price increased by 20% against the previous year. The export price peaked at $3,823 per ton in 2014; however, from 2015 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 Vietnam ($11,020 per ton), while the average price for exports to India stood at $1,139 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+636.1%), while the prices for the other major destinations experienced a decline.
Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Uganda (CIF) - 2022
The average import price for lac; natural gums, resins, gum-resins and balsamses stood at $3,312 per ton in 2022, jumping by 22% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.0% 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 decreased by -9.3% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 99%. Over the period under review, average import prices hit record highs at $5,542 per ton in 2014; however, from 2015 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 India ($4,454 per ton), while the price for Kenya ($2,347 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Uganda
In 2022, approx. 1.5K tons of lac; natural gums, resins, gum-resins and balsamses were exported from Uganda; remaining constant against 2021 figures. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 123%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of lac; natural gums, resins, gum-resins and balsamses expanded markedly to $2.3M in 2022. The total export value increased at an average annual rate of +4.4% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. 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 Uganda (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | N/A | 0.2 | 1.6 | 700.0% |
| Vietnam | N/A | N/A | 0.1 | 0.4 | 300.0% |
| China | 2.0 | 2.0 | 1.8 | N/A | -5.1% |
| Others | N/A | N/A | 0.1 | 0.4 | 300.0% |
| Total | 2.1 | 2.1 | 2.2 | 2.3 | 3.1% |
Top Export Markets for Lac; Natural Gums, Resins, Gum-Resins and Balsams from Uganda in 2022:
- India (1404.0 tons)
- Vietnam (34.0 tons)
Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Uganda
In 2022, purchases abroad of lac; natural gums, resins, gum-resins and balsamses decreased by -87.4% to 2.1 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 175% against the previous year. As a result, imports reached the peak of 16 tons, and then shrank significantly in the following year.
In value terms, imports of lac; natural gums, resins, gum-resins and balsamses dropped dramatically to $6.9K in 2022. In general, imports recorded a dramatic shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 104%. As a result, imports reached the peak of $45K, and then reduced dramatically in the following year.
| Import of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Uganda (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 7.2 | 12.0 | 13.6 | 4.1 | -17.1% |
| Kenya | 5.1 | 6.6 | 30.3 | 2.6 | -20.1% |
| Turkey | N/A | N/A | 0.7 | 0.1 | -85.7% |
| United Arab Emirates | 0.7 | 0.9 | N/A | N/A | 28.6% |
| Others | 1.2 | 2.3 | N/A | N/A | 91.7% |
| Total | 14.1 | 21.8 | 44.6 | 6.9 | -21.2% |
Top Suppliers of Lac; Natural Gums, Resins, Gum-Resins and Balsams to Uganda in 2022:
- Kenya (1109.0 kg)
- India (929.0 kg)
- Turkey (36.0 kg)
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