Ester Gums Price in Argentina - 2023

Ester Gums Price in Argentina (CIF) - 2022

In 2022, the average ester gums import price amounted to $3,815 per ton, with an increase of 34% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. 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 2022, amid the top importers, the country with the highest price was the United States ($4,891 per ton), while the price for Brazil ($1,661 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Ester Gums Price in Argentina (FOB) - 2022

The average ester gums export price stood at $1,591 per ton in 2022, with an increase of 2.9% against the previous year. Over the period under review, the export price, however, showed a noticeable decline. The growth pace was the most rapid in 2014 when the average export price increased by 10% against the previous year. Over the period under review, the average export prices hit record highs at $2,376 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Chile.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to +1.1% per year.

Ester Gums Imports in Argentina

Ester gums imports into Argentina dropped remarkably to 303 tons in 2022, declining by -37.6% compared with the year before. In general, imports recorded a abrupt downturn. The smallest decline of -1.1% was in 2021.

In value terms, ester gums imports fell rapidly to $1.2M in 2022. Overall, imports recorded a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 9.3% against the previous year.

Import of Ester Gums in Argentina (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Mexico	649	588	450	429	-12.9%
United States	187	186	356	275	13.7%
India	263	230	322	249	-1.8%
Brazil	222	177	186	149	-12.4%
China	66.2	61.2	66.3	51.3	-8.1%
Others	2.5	20.5	N/A	N/A	720.0%
Total	1,389	1,263	1,380	1,154	-6.0%

Top Suppliers of Ester Gums to Argentina in 2022:

Mexico (92.8 tons)
Brazil (89.5 tons)
United States (56.3 tons)
India (52.0 tons)
China (11.9 tons)

Ester Gums Exports in Argentina

In 2022, exports of ester gumses from Argentina amounted to 275 tons, growing by 11% compared with the year before. The total export volume increased at an average annual rate of +9.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 45%. As a result, the exports attained the peak of 303 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, ester gums exports expanded markedly to $438K in 2022. The total export value increased at an average annual rate of +7.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 39% against the previous year. As a result, the exports reached the peak of $493K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.