Gum Arabic Price in Egypt - 2023
Contents:
- Gum Arabic Price in Egypt (CIF) - 2022
- Gum Arabic Price in Egypt (FOB) - 2022
- Gum Arabic Imports in Egypt
- Gum Arabic Exports in Egypt
Gum Arabic Price in Egypt (CIF) - 2022
In 2021, the average gum arabic import price amounted to $3,147 per ton, reducing by -4.4% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 56% against the previous year. As a result, import price attained the peak level of $4,626 per ton. From 2018 to 2021, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Sudan ($3,147 per ton), while the price for Germany ($3,147 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sudan (+9.5%), while the prices for the other major suppliers experienced a decline.
Gum Arabic Price in Egypt (FOB) - 2022
In 2021, the average gum arabic export price amounted to $3,701 per ton, approximately mirroring the previous year. In general, the export price recorded a mild descent. The pace of growth was the most pronounced in 2016 an increase of 216%. Over the period under review, the average export prices hit record highs at $4,104 per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Ecuador ($3,701 per ton), while the average price for exports to Malaysia totaled $3,700 per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Zambia (+4.1%).
Gum Arabic Imports in Egypt
For the third consecutive year, Egypt recorded decline in purchases abroad of gum arabics, which decreased by -12.5% to 146 tons in 2022. Overall, imports faced a sharp decline.
In value terms, gum arabic imports fell slightly to $508K in 2022. Over the period under review, imports saw a precipitous contraction.
Import of Gum Arabic in Egypt (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
France | 935 | 530 | 457 | -30.1% | |
Sudan | N/A | N/A | 57.1 | 0% | |
Germany | 50.3 | 85.6 | 10.0 | -55.4% | |
Pakistan | 20.3 | N/A | N/A | 0% | |
Others | 12.0 | 31.0 | N/A | 158.3% | |
Total | 1,018 | 646 | 524 | -28.3% |
Top Suppliers of Gum Arabic to Egypt in 2022:
- France (145.3 tons)
- Sudan (18.1 tons)
- Germany (3.2 tons)
Gum Arabic Exports in Egypt
In 2022, approx. 1.8K tons of gum arabics were exported from Egypt; growing by 11,116% compared with 2021. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 24,100% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, gum arabic exports soared to $4.8M in 2022. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 23,998%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
Export of Gum Arabic in Egypt (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
Ecuador | N/A | N/A | N/A | 0% | |
Swaziland | 4.2 | 4.6 | N/A | 9.5% | |
Malaysia | N/A | N/A | N/A | 0% | |
Others | -4.2 | -4.6 | N/A | 9.5% | |
Total | N/A | N/A | 0.1 | 0% |
Top Export Markets for Gum Arabic from Egypt in 2022:
- Malaysia (9.8 tons)
- Ecuador (6.4 tons)
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