Ester Gums Price in Italy - 2023
Contents:
- Ester Gums Price in Italy (CIF) - 2023
- Ester Gums Price in Italy (FOB) - 2023
- Ester Gums Imports in Italy
- Ester Gums Exports in Italy
Ester Gums Price in Italy (CIF) - 2023
The average ester gums import price stood at $2,391 per ton in June 2023, almost unchanged from the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 7.1% month-to-month. The import price peaked at $2,672 per ton in December 2022; however, from January 2023 to June 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the highest price was recorded for prices from the Netherlands ($3,270 per ton) and France ($2,478 per ton), while the price for Spain ($2,312 per ton) and Finland ($2,328 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Ester Gums Price in Italy (FOB) - 2023
The average ester gums export price stood at $9,188 per ton in June 2023, rising by 88% against the previous month. Over the period under review, the export price posted a tangible increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($11,591 per ton), while the average price for exports to Germany ($3,496 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 Venezuela (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.
Ester Gums Imports in Italy
In 2022, overseas purchases of ester gumses decreased by -3.5% to 23K tons, falling for the second year in a row after two years of growth. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 6.8%. As a result, imports attained the peak of 24K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, ester gums imports soared to $60M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +14.7% 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 +57.5% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Ester Gums in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 7.2 | 6.3 | 8.4 | 17.9 | 35.5% |
| Spain | 7.5 | 7.5 | 10.1 | 11.5 | 15.3% |
| Sweden | 6.7 | 5.4 | 7.3 | 9.2 | 11.1% |
| France | 6.4 | 5.1 | 4.9 | 9.0 | 12.0% |
| Netherlands | 2.2 | 4.4 | 3.5 | 3.2 | 13.3% |
| Belgium | 3.3 | 2.6 | 4.7 | 2.5 | -8.8% |
| Finland | 0.5 | 0.6 | 2.2 | 2.1 | 61.3% |
| Greece | 1.7 | 1.3 | 1.5 | 2.1 | 7.3% |
| Others | 4.4 | 4.9 | 3.5 | 2.5 | -17.2% |
| Total | 39.9 | 38.2 | 46.1 | 60.1 | 14.6% |
Top Suppliers of Ester Gums to Italy in 2022:
- Portugal (6.5K tons)
- Spain (4.4K tons)
- France (3.7K tons)
- Sweden (3.7K tons)
- Netherlands (1.0K tons)
- Finland (0.9K tons)
- Belgium (0.9K tons)
- Greece (0.7K tons)
Ester Gums Exports in Italy
Ester gums exports from Italy soared to 278 tons in 2022, growing by 33% on 2021. In general, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +15.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.0% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, ester gums exports surged to $1.5M in 2022. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Ester Gums in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | N/A | 8.3 | N/A | 324 | 524.8% |
| Mexico | N/A | N/A | 32.6 | 298 | 814.1% |
| Germany | 185 | 188 | 188 | 182 | -0.5% |
| Canada | N/A | 1.2 | 55.6 | 152 | 1025.5% |
| Venezuela | N/A | 41.3 | N/A | 110 | 63.2% |
| India | 11.6 | N/A | N/A | 89.3 | 97.5% |
| Croatia | 16.3 | 17.2 | 42.4 | 86.0 | 74.1% |
| Serbia | 22.9 | 4.8 | 13.1 | 38.9 | 19.3% |
| France | 25.5 | 26.3 | 58.0 | 28.2 | 3.4% |
| Austria | 257 | 231 | 215 | 2.1 | -79.9% |
| Others | 47.2 | 33.2 | 48.0 | 192 | 59.6% |
| Total | 566 | 552 | 653 | 1,504 | 38.5% |
Top Export Markets for Ester Gums from Italy in 2022:
- Canada (62.0 tons)
- Germany (51.5 tons)
- India (36.0 tons)
- Brazil (33.1 tons)
- Mexico (30.6 tons)
- Croatia (15.0 tons)
- Venezuela (10.0 tons)
- Serbia (8.8 tons)
- France (8.1 tons)
- Austria (0.6 tons)
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