Gum Arabic Price in Bahrain - 2022
Contents:
- Gum Arabic Price in Bahrain (CIF) - 2022
- Gum Arabic Price in Bahrain (FOB) - 2022
- Gum Arabic Imports in Bahrain
- Gum Arabic Exports in Bahrain
Gum Arabic Price in Bahrain (CIF) - 2022
The average gum arabic import price stood at $3,690 per ton in 2022, dropping by -7% against the previous year. In general, the import price, however, recorded measured growth. The most prominent rate of growth was recorded in 2018 an increase of 85%. The import price peaked at $5,030 per ton in 2019; however, from 2020 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 Iraq ($5,197 per ton), while the price for Pakistan ($752 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Somalia (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Gum Arabic Price in Bahrain (FOB) - 2022
In 2022, the average gum arabic export price amounted to $15,155 per ton, with an increase of 3.9% against the previous year. In general, the export price recorded modest growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($22,500 per ton), while the average price for exports to the United Arab Emirates stood at $14,477 per ton.
From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-1.3%).
Gum Arabic Imports in Bahrain
After three years of growth, overseas purchases of gum arabics decreased by -61% to 8.7 tons in 2022. In general, imports recorded a precipitous decline. The growth pace was the most rapid in 2020 with an increase of 21% against the previous year.
In value terms, gum arabic imports shrank dramatically to $32K in 2022. Over the period under review, imports faced a sharp decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 4.4%. As a result, imports reached the peak of $95K. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Gum Arabic in Bahrain (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Sudan | 26.5 | 26.2 | 33.4 | 17.0 | -13.8% |
Iraq | 1.0 | 4.9 | 0.9 | 5.2 | 73.2% |
Nigeria | 10.5 | 12.9 | 5.2 | 5.1 | -21.4% |
Somalia | N/A | 3.2 | 10.4 | 3.1 | -1.6% |
Pakistan | N/A | 0.3 | 1.2 | 0.6 | 41.4% |
Egypt | 11.8 | N/A | N/A | 0.1 | -79.6% |
United Arab Emirates | 40.6 | 44.2 | 33.6 | 0.1 | -86.5% |
Others | 0.9 | 3.6 | 4.3 | 1.1 | 6.9% |
Total | 91.3 | 95.3 | 88.9 | 32.2 | -29.3% |
Top Suppliers of Gum Arabic to Bahrain in 2022:
- United Arab Emirates (undefined tons)
- Sudan (4.0 tons)
- Somalia (1.4 tons)
- Nigeria (1.4 tons)
- Iraq (1.0 tons)
- Pakistan (0.8 tons)
- Egypt (0.1 tons)
Gum Arabic Exports in Bahrain
Gum arabic exports from Bahrain surged to 142 kg in 2022, with an increase of 31% compared with the previous year's figure. In general, total exports indicated a significant expansion from 2020 to 2022: its volume increased at an average annual rate of +30.0% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.0% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, gum arabic exports skyrocketed to $2.2K in 2022. Overall, total exports indicated a significant expansion from 2020 to 2022: its value increased at an average annual rate of +31.3% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.4% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Gum Arabic in Bahrain (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
United Arab Emirates | 1.2 | 1.6 | 1.9 | 25.8% | |
Oman | N/A | N/A | 0.3 | 0% | |
Others | N/A | N/A | N/A | 0% | |
Total | 1.2 | 1.6 | 2.2 | 35.4% |
Top Export Markets for Gum Arabic from Bahrain in 2022:
- United Arab Emirates (130.0 kg)
- Oman (12.0 kg)
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