Ester Gums Price in the United States - 2023
Contents:
- Ester Gums Price in the United States (FOB) - 2023
- Ester Gums Price in the United States (CIF) - 2023
- Ester Gums Exports in the United States
- Ester Gums Imports in the United States
Ester Gums Price in the United States (FOB) - 2023
The average ester gums export price stood at $2,016 per ton in August 2023, waning by -18.2% against the previous month. Over the period under review, the export price showed a pronounced slump. The growth pace was the most rapid in January 2023 when the average export price increased by 21% against the previous month. As a result, the export price attained the peak level of $4,395 per ton. From February 2023 to August 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Ireland ($9,925 per ton), while the average price for exports to China ($920 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.
Ester Gums Price in the United States (CIF) - 2023
In August 2023, the average ester gums import price amounted to $4,015 per ton, waning by -6.6% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 25% m-o-m. Over the period under review, average import prices hit record highs at $5,203 per ton in June 2023; however, from July 2023 to August 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the Netherlands ($7,798 per ton), while the price for Brazil ($1,723 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Sweden (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Ester Gums Exports in the United States
In 2022, shipments abroad of ester gumses decreased by -27.2% to 24K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 17% against the previous year. As a result, the exports attained the peak of 32K tons, and then fell remarkably in the following year.
In value terms, ester gums exports declined to $65M in 2022. The total export value increased at an average annual rate of +3.7% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 23%. As a result, the exports attained the peak of $65M, leveling off in the following year.
| Export of Ester Gums in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 10.4 | 9.4 | 9.7 | 15.9 | 15.2% |
| China | 12.2 | 17.1 | 14.4 | 9.4 | -8.3% |
| Canada | 2.2 | 2.6 | 3.9 | 6.0 | 39.7% |
| Malaysia | 2.3 | 2.3 | 3.3 | 4.6 | 26.0% |
| Ireland | 4.0 | 2.6 | 3.8 | 3.9 | -0.8% |
| India | 2.3 | 1.5 | 3.7 | 3.2 | 11.6% |
| Belgium | 5.3 | 4.1 | 8.2 | 3.2 | -15.5% |
| Colombia | 1.1 | 0.6 | 1.2 | 2.3 | 27.9% |
| United Kingdom | 1.7 | 1.0 | 2.3 | 2.0 | 5.6% |
| Brazil | 0.8 | 0.4 | 0.7 | 1.8 | 31.0% |
| Netherlands | 0.7 | 0.4 | 0.7 | 1.1 | 16.3% |
| Singapore | 3.6 | 2.0 | 1.8 | 1.0 | -34.8% |
| Indonesia | 1.7 | 1.7 | 1.3 | 0.7 | -25.6% |
| Others | 10.1 | 7.7 | 10.4 | 10.1 | 0.0% |
| Total | 58.5 | 53.3 | 65.3 | 65.2 | 3.7% |
Top Export Markets for Ester Gums from the United States in 2022:
- Mexico (5.7K tons)
- China (4.6K tons)
- Belgium (2.6K tons)
- Malaysia (2.1K tons)
- Canada (1.7K tons)
- India (1.1K tons)
- Colombia (0.9K tons)
- Brazil (0.6K tons)
- United Kingdom (0.5K tons)
- Netherlands (0.4K tons)
- Ireland (0.4K tons)
- Indonesia (0.3K tons)
- Singapore (0.2K tons)
Ester Gums Imports in the United States
In 2022, approx. 12K tons of ester gumses were imported into the United States; jumping by 36% compared with 2021. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +9.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.5% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, ester gums imports soared to $41M in 2022. Overall, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Ester Gums in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 11.2 | 8.1 | 8.9 | 14.6 | 9.2% |
| Netherlands | 0.8 | 1.2 | 2.5 | 7.6 | 111.8% |
| Brazil | 2.9 | 2.9 | 4.0 | 7.1 | 34.8% |
| Sweden | 1.3 | 0.6 | 0.8 | 4.1 | 46.6% |
| France | 0.5 | 0.8 | 0.9 | 1.5 | 44.2% |
| Portugal | 1.0 | 0.5 | 1.3 | 1.4 | 11.9% |
| China | 1.8 | 0.8 | 2.7 | 1.2 | -12.6% |
| Others | 1.4 | 1.5 | 2.4 | 3.0 | 28.9% |
| Total | 21.0 | 16.3 | 23.6 | 40.5 | 24.5% |
Top Suppliers of Ester Gums to the United States in 2022:
- Mexico (4.2K tons)
- Brazil (2.8K tons)
- Sweden (1.6K tons)
- Netherlands (1.2K tons)
- Portugal (0.5K tons)
- France (0.5K tons)
- China (0.3K tons)
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