Gum Arabic Price in Jordan - 2022

Contents:

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

Gum Arabic Price in Jordan (CIF) - 2022

The average gum arabic import price stood at $3,612 per ton in 2022, which is down by -16.3% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 73% against the previous year. Over the period under review, average import prices hit record highs at $7,377 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Egypt ($3,612 per ton) and Germany ($3,612 per ton), while the price for Sudan ($3,611 per ton) and Nigeria ($3,611 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+12.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Gum Arabic Price in Jordan (FOB) - 2022

In 2022, the average gum arabic export price amounted to $3,980 per ton, waning by -45.2% against the previous year. In general, the export price continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 69%. The export price peaked at $9,794 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($3,980 per ton), while the average price for exports to Palestine stood at $3,980 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+12.7%).

Gum Arabic Imports in Jordan

Gum arabic imports into Jordan contracted rapidly to 129 tons in 2022, with a decrease of -22.4% against the previous year. Over the period under review, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 111% against the previous year. As a result, imports attained the peak of 166 tons, and then plummeted in the following year.

In value terms, gum arabic imports declined dramatically to $465K in 2022. In general, imports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2021 with an increase of 62%.

Top Suppliers of Gum Arabic to Jordan in 2022:

1. Greece (65.7 tons)
2. Sudan (34.8 tons)
3. Germany (22.2 tons)
4. Nigeria (2.9 tons)
5. Egypt (1.4 tons)

Gum Arabic Exports in Jordan

Gum arabic exports from Jordan surged to 271 tons in 2022, jumping by 1,004,163% on 2021. In general, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, gum arabic exports soared to $1.1M in 2022. Over the period under review, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Gum Arabic from Jordan in 2022:

1. France (259.9 tons)
2. Palestine (11.3 tons)

Source: IndexBox Market Intelligence Platform