Gum Arabic Price in Iran - 2021

Contents:

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

Gum Arabic Price in Iran (CIF) - 2022

In 2022, the average gum arabic import price amounted to $5,256 per ton, waning by -17.5% against the previous year. Overall, the import price saw a pronounced slump. The most prominent rate of growth was recorded in 2019 when the average import price increased by 26% against the previous year. The import price peaked at $6,722 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($5,980 per ton), while the price for Germany ($2,652 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-1.4%), while the prices for the other major suppliers experienced a decline.

Gum Arabic Price in Iran (FOB) - 2022

The average gum arabic export price stood at $4,470 per ton in 2022, rising by 80% against the previous year. In general, the export price showed strong growth. Over the period under review, the average export prices reached the peak figure at $4,639 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($89,130 per ton), while the average price for exports to India ($993 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 France (+29.0%), while the prices for the other major destinations experienced more modest paces of growth.

Gum Arabic Imports in Iran

In 2022, supplies from abroad of gum arabics increased by 79% to 376 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total imports indicated slight growth from 2019 to 2022: its volume increased at an average annual rate of +1.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, gum arabic imports surged to $2M in 2022. Overall, imports showed slight growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Gum Arabic to Iran in 2022:

1. France (139.0 tons)
2. Germany (28.2 tons)
3. Turkey (16.9 tons)
4. United Arab Emirates (14.5 tons)
5. India (7.5 tons)

Gum Arabic Exports in Iran

In 2022, shipments abroad of gum arabics decreased by -88.7% to 8.6 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a significant contraction. The most prominent rate of growth was recorded in 2020 with an increase of 256% against the previous year. As a result, the exports attained the peak of 110 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, gum arabic exports shrank remarkably to $38K in 2022. Overall, exports saw a precipitous decrease. The most prominent rate of growth was recorded in 2020 with an increase of 283%. As a result, the exports attained the peak of $510K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Gum Arabic from Iran in 2022:

1. United Arab Emirates (6.7 tons)
2. India (1.0 tons)
3. Oman (0.5 tons)
4. Canada (0.2 tons)
5. France (0.1 tons)

Source: IndexBox Market Intelligence Platform