Ester Gums Price in Canada - 2023

Ester Gums Price in Canada (CIF) - 2023

In June 2023, the average ester gums import price amounted to $3,055 per ton, waning by -9.1% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 when the average import price increased by 32% month-to-month. The import price peaked at $3,656 per ton in September 2022; however, from October 2022 to June 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Mexico ($4,010 per ton), while the price for China ($1,822 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 France (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Ester Gums Price in Canada (FOB) - 2023

In June 2023, the average ester gums export price amounted to $12,177 per ton, shrinking by -6.5% against the previous month. Over the period under review, the export price recorded a slight setback. The pace of growth appeared the most rapid in May 2023 an increase of 76% against the previous month. The export price peaked at $13,959 per ton in June 2022; however, from July 2022 to June 2023, the export prices remained at a lower figure.

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

From June 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to -1.1% per month.

Ester Gums Imports in Canada

Ester gums imports into Canada rose significantly to 3.1K tons in 2022, increasing by 12% against 2021. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +16.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.9% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 36% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, ester gums imports soared to $10M in 2022. Overall, imports continue to indicate significant growth. The growth pace was the most rapid in 2021 when imports increased by 52% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Import of Ester Gums in Canada (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	1.9	2.5	3.7	4.9	37.1%
Mexico	2.6	1.8	3.3	3.8	13.5%
China	0.1	N/A	0.2	0.5	71.0%
France	0.5	0.6	0.5	0.4	-7.2%
Italy	N/A	N/A	0.1	0.2	100.0%
Portugal	0.1	0.1	N/A	0.2	26.0%
Others	N/A	0.1	0.1	0.1	0.0%
Total	5.2	5.1	7.8	10.1	24.8%

Top Suppliers of Ester Gums to Canada in 2022:

United States (1465.7 tons)
Mexico (1010.7 tons)
China (236.8 tons)
France (181.7 tons)
Italy (77.1 tons)
Portugal (63.6 tons)

Ester Gums Exports in Canada

After two years of growth, overseas shipments of ester gumses decreased by -39.9% to 98 tons in 2022. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 9,757%. As a result, the exports reached the peak of 163 tons, and then reduced markedly in the following year.

In value terms, ester gums exports amounted to $819K in 2022. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 14,450%. The exports peaked in 2022 and are expected to retain growth in years to come.