Gum Arabic Price in China - 2023

Contents:

1. Gum Arabic Price in China (CIF) - 2023
2. Gum Arabic Price in China (FOB) - 2022
3. Gum Arabic Imports in China
4. Gum Arabic Exports in China

Gum Arabic Price in China (CIF) - 2023

The average gum arabic import price stood at $3,366 per ton in June 2023, shrinking by -25.8% against the previous month. Over the period under review, the import price saw a mild descent. The pace of growth was the most pronounced in September 2022 an increase of 44% m-o-m. The import price peaked at $4,569 per ton in April 2023; however, from May 2023 to June 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Germany ($5,296 per ton), while the price for Niger ($669 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Sudan (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Gum Arabic Price in China (FOB) - 2022

The average gum arabic export price stood at $4,027 per ton in 2022, falling by -7.2% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 158%. As a result, the export price reached the peak level of $11,998 per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Papua New Guinea ($11,052 per ton), while the average price for exports to Iran ($2,309 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 Papua New Guinea (+5.0%), while the prices for the other major destinations experienced a decline.

Gum Arabic Imports in China

Gum arabic imports into China reached 5.9K tons in 2022, with an increase of 5.5% compared with the previous year's figure. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +16.2% 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 +68.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 60%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, gum arabic imports stood at $19M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +18.4% 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 +71.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 59%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Top Suppliers of Gum Arabic to China in 2022:

1. Sudan (1989.7 tons)
2. France (1829.7 tons)
3. Chad (847.5 tons)
4. Thailand (251.5 tons)
5. United States (218.2 tons)
6. Niger (198.0 tons)
7. Germany (171.2 tons)
8. United Kingdom (141.6 tons)
9. Nigeria (98.0 tons)

Gum Arabic Exports in China

In 2022, the amount of gum arabics exported from China skyrocketed to 294 tons, with an increase of 361% against the previous year's figure. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,036% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, gum arabic exports surged to $1.2M in 2022. Overall, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Gum Arabic from China in 2022:

1. Russia (215.7 tons)
2. Iran (4.3 tons)
3. Colombia (4.3 tons)
4. Papua New Guinea (4.3 tons)
5. Chile (3.8 tons)
6. Saudi Arabia (3.5 tons)

Source: IndexBox Market Intelligence Platform