Gum Arabic Price in Austria - 2023

Contents:

1. Gum Arabic Price in Austria (CIF) - 2022
2. Gum Arabic Price in Austria (FOB) - 2022
3. Gum Arabic Imports in Austria
4. Gum Arabic Exports in Austria

Gum Arabic Price in Austria (CIF) - 2022

In 2022, the average gum arabic import price amounted to $6,273 per ton, leveling off at the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 9.4%. Over the period under review, average import prices hit record highs at $6,307 per ton in 2021, and then reduced modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ireland ($30,561 per ton), while the price for Slovakia ($2,017 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+22.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Gum Arabic Price in Austria (FOB) - 2022

The average gum arabic export price stood at $5,960 per ton in 2022, which is down by -9.8% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 37% against the previous year. Over the period under review, the average export prices hit record highs at $6,611 per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($11,304 per ton), while the average price for exports to Romania ($2,980 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+4.0%), while the prices for the other major destinations experienced a decline.

Gum Arabic Imports in Austria

Gum arabic imports into Austria expanded significantly to 494 tons in 2022, picking up by 14% on the previous year's figure. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +14.4% 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 +67.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 47% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, gum arabic imports expanded sharply to $3.1M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +17.7% 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 +66.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 47%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Gum Arabic to Austria in 2022:

1. France (268.8 tons)
2. Germany (126.9 tons)
3. Poland (40.0 tons)
4. Italy (28.8 tons)
5. Slovakia (17.6 tons)
6. Spain (10.1 tons)

Gum Arabic Exports in Austria

In 2022, approx. 16 tons of gum arabics were exported from Austria; flattening at the year before. Overall, exports, however, recorded a noticeable decline. The pace of growth was the most pronounced in 2020 when exports increased by 5.9% against the previous year. As a result, the exports attained the peak of 18 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, gum arabic exports reduced to $97K in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 7.9%.

Top Export Markets for Gum Arabic from Austria in 2022:

1. Slovenia (6.5 tons)
2. Serbia (2.4 tons)
3. Hungary (2.2 tons)
4. Czech Republic (1.7 tons)
5. Slovakia (1.2 tons)
6. Romania (1.0 tons)
7. Kazakhstan (0.6 tons)

Source: IndexBox Market Intelligence Platform