Ester Gums Price in New Zealand - 2023

Ester Gums Price in New Zealand (FOB) - 2023

In August 2023, the average ester gums export price amounted to $1,443 per ton, which is down by -19% against the previous month. In general, the export price continues to indicate a mild curtailment. The most prominent rate of growth was recorded in January 2023 an increase of 22% m-o-m. Over the period under review, the average export prices hit record highs at $1,803 per ton in February 2023; however, from March 2023 to August 2023, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In August 2023, the countries with the highest prices were Japan ($1,839 per ton) and Taiwan (Chinese) ($1,754 per ton), while the average price for exports to Malaysia ($1,238 per ton) and the United States ($1,322 per ton) were amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.

Ester Gums Price in New Zealand (CIF) - 2022

In 2022, the average ester gums import price amounted to $2,868 per ton, jumping by 195% against the previous year. Over the period under review, the import price saw a tangible expansion. The import price peaked at $7,312 per ton in 2016; however, from 2017 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 China ($3,201 per ton), while the price for Australia stood at $972 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.3%), while the prices for the other major suppliers experienced a decline.

Ester Gums Exports in New Zealand

For the third consecutive year, New Zealand recorded decline in shipments abroad of ester gumses, which decreased by -14.2% to 4.5K tons in 2022. Over the period under review, exports recorded a abrupt contraction. The smallest decline of -1.8% was in 2020.

In value terms, ester gums exports declined to $6.7M in 2022. Overall, exports showed a deep setback. The smallest decline of -1.2% was in 2020.

Export of Ester Gums in New Zealand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Malaysia	4.0	3.5	3.5	2.6	-13.4%
Australia	1.5	1.3	1.2	1.3	-4.7%
China	N/A	1.0	0.4	0.8	-10.6%
Thailand	1.5	1.2	1.2	0.8	-18.9%
South Korea	0.5	0.3	0.4	0.6	6.3%
Taiwan (Chinese)	0.5	0.5	0.6	0.5	0.0%
Others	0.2	0.2	0.2	0.2	0.0%
Total	8.1	8.1	7.5	6.7	-6.1%

Top Export Markets for Ester Gums from New Zealand in 2022:

Malaysia (1775.5 tons)
Australia (735.6 tons)
China (717.6 tons)
Thailand (581.0 tons)
Taiwan (Chinese) (299.4 tons)
South Korea (255.1 tons)

Ester Gums Imports in New Zealand

In 2022, overseas purchases of ester gumses decreased by -93.2% to 18 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports faced a precipitous shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 1,775% against the previous year. As a result, imports attained the peak of 906 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, ester gums imports declined markedly to $53K in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 1,423%. As a result, imports attained the peak of $790K. From 2021 to 2022, the growth of imports remained at a lower figure.