Ester Gums Price in Belgium - 2023
Contents:
- Ester Gums Price in Belgium (FOB) - 2023
- Ester Gums Price in Belgium (CIF) - 2023
- Ester Gums Exports in Belgium
- Ester Gums Imports in Belgium
Ester Gums Price in Belgium (FOB) - 2023
In June 2023, the average ester gums export price amounted to $3,365 per ton, falling by -11.9% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in December 2022 an increase of 29% m-o-m. As a result, the export price attained the peak level of $4,722 per ton. From January 2023 to June 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was the United States ($7,209 per ton), while the average price for exports to Italy ($2,412 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.
Ester Gums Price in Belgium (CIF) - 2023
The average ester gums import price stood at $3,818 per ton in June 2023, declining by -26.3% against the previous month. Overall, the import price, however, posted temperate growth. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 36% month-to-month. The import price peaked at $6,037 per ton in November 2022; however, from December 2022 to June 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was France ($5,570 per ton), while the price for the United States ($1,489 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Ester Gums Exports in Belgium
After three years of growth, overseas shipments of ester gumses decreased by -21.5% to 14K tons in 2022. In general, exports, however, posted a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 104% against the previous year. As a result, the exports attained the peak of 18K tons, and then plummeted in the following year.
In value terms, ester gums exports skyrocketed to $49M in 2022. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 179% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.
| Export of Ester Gums in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 2.6 | 3.3 | 11.8 | 14.2 | 76.1% |
| United States | N/A | 0.9 | 1.9 | 5.0 | 135.7% |
| Germany | 1.6 | 1.6 | 3.6 | 4.3 | 39.0% |
| Turkey | N/A | 0.1 | 1.8 | 4.2 | 548.1% |
| Denmark | 2.1 | 2.1 | 2.6 | 4.1 | 25.0% |
| Spain | N/A | 1.7 | 4.5 | 3.8 | 49.5% |
| Italy | 0.7 | 2.8 | 6.2 | 3.6 | 72.6% |
| Others | 0.7 | 1.8 | 7.6 | 9.7 | 140.2% |
| Total | 7.7 | 14.4 | 40.0 | 48.9 | 85.2% |
Top Export Markets for Ester Gums from Belgium in 2022:
- Netherlands (4.6K tons)
- Spain (1.5K tons)
- Denmark (1.4K tons)
- Italy (1.3K tons)
- Turkey (1.0K tons)
- Germany (1.0K tons)
- United States (0.8K tons)
Ester Gums Imports in Belgium
After three years of growth, supplies from abroad of ester gumses decreased by -33.7% to 8.2K tons in 2022. Overall, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 188%. As a result, imports reached the peak of 12K tons, and then dropped markedly in the following year.
In value terms, ester gums imports shrank modestly to $27M in 2022. In general, imports, however, posted significant growth. The growth pace was the most rapid in 2021 with an increase of 254% against the previous year. As a result, imports reached the peak of $28M, and then dropped slightly in the following year.
| Import of Ester Gums in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1.9 | 2.0 | 17.0 | 19.6 | 117.7% |
| United States | N/A | 3.7 | 8.2 | 4.0 | 4.0% |
| France | 1.2 | 0.8 | 1.8 | 1.6 | 10.1% |
| Portugal | 0.9 | 0.5 | 0.5 | 1.1 | 6.9% |
| Others | 0.8 | 0.8 | 0.4 | 0.6 | -9.1% |
| Total | 4.8 | 7.9 | 27.9 | 26.9 | 77.6% |
Top Suppliers of Ester Gums to Belgium in 2022:
- Netherlands (4.6K tons)
- United States (2.8K tons)
- Portugal (0.4K tons)
- France (0.3K tons)
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