Gum Arabic Price in Italy - 2023
Contents:
- Gum Arabic Price in Italy (CIF) - 2023
- Gum Arabic Price in Italy (FOB) - 2023
- Gum Arabic Imports in Italy
- Gum Arabic Exports in Italy
Gum Arabic Price in Italy (CIF) - 2023
In June 2023, the average gum arabic import price amounted to $4,155 per ton, with an increase of 18% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 43% against the previous month. The import price peaked at $4,159 per ton in June 2022; afterwards, it flattened through to June 2023.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the UK ($7,907 per ton), while the price for Slovakia ($2,519 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 Slovakia (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Gum Arabic Price in Italy (FOB) - 2023
The average gum arabic export price stood at $3,323 per ton in June 2023, rising by 40% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was Germany ($6,281 per ton), while the average price for exports to Spain ($1,750 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.
Gum Arabic Imports in Italy
In 2022, approx. 4.6K tons of gum arabics were imported into Italy; growing by 37% against the previous year. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +11.8% 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 +41.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, gum arabic imports skyrocketed to $14M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +17.8% 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 +71.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Gum Arabic in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 4.8 | 4.2 | 6.4 | 9.8 | 26.9% |
| Sudan | 1.9 | 2.4 | 1.6 | 2.5 | 9.6% |
| Germany | 0.6 | 0.3 | 0.4 | 0.8 | 10.1% |
| Slovakia | N/A | 0.3 | 0.5 | 0.5 | 29.1% |
| United Kingdom | 0.5 | 0.4 | 0.1 | 0.3 | -15.7% |
| Spain | 0.1 | N/A | 0.1 | 0.3 | 44.2% |
| Belgium | 0.5 | 0.6 | N/A | N/A | 20.0% |
| Others | 0.3 | N/A | N/A | 0.1 | -30.7% |
| Total | 8.7 | 8.3 | 9.1 | 14.2 | 17.7% |
Top Suppliers of Gum Arabic to Italy in 2022:
- Belgium (undefined tons)
- France (2880.8 tons)
- Sudan (1188.0 tons)
- Slovakia (197.8 tons)
- Germany (180.7 tons)
- Spain (130.8 tons)
- United Kingdom (32.1 tons)
Gum Arabic Exports in Italy
In 2022, the amount of gum arabics exported from Italy dropped slightly to 3.4K tons, waning by -1.9% on the year before. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 0.1%. As a result, the exports reached the peak of 3.5K tons, and then fell slightly in the following year.
In value terms, gum arabic exports shrank to $8.7M in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 0.9% against the previous year. As a result, the exports attained the peak of $8.7M; afterwards, it flattened through to 2022.
| Export of Gum Arabic in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 1,047 | 954 | 1,443 | 1,585 | 14.8% |
| Portugal | 1,343 | 1,328 | 1,218 | 1,251 | -2.3% |
| Spain | 1,866 | 1,508 | 1,545 | 1,234 | -12.9% |
| United States | 489 | 762 | 801 | 886 | 21.9% |
| France | 919 | 963 | 814 | 786 | -5.1% |
| Germany | 258 | 376 | 446 | 336 | 9.2% |
| Chile | 316 | 812 | 343 | 243 | -8.4% |
| Austria | 137 | 110 | 121 | 149 | 2.8% |
| South Africa | 319 | 313 | 253 | 122 | -27.4% |
| Others | 1,911 | 1,557 | 1,681 | 2,066 | 2.6% |
| Total | 8,607 | 8,683 | 8,666 | 8,657 | 0.2% |
Top Export Markets for Gum Arabic from Italy in 2022:
- France (720.9 tons)
- Spain (719.4 tons)
- Portugal (485.2 tons)
- Argentina (463.6 tons)
- United States (316.1 tons)
- Germany (129.5 tons)
- South Africa (72.6 tons)
- Chile (58.0 tons)
- Austria (51.8 tons)
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