Gum Arabic Price in Malaysia - 2021
Contents:
- Gum Arabic Price in Malaysia (CIF) - 2021
- Gum Arabic Price in Malaysia (FOB) - 2022
- Gum Arabic Imports in Malaysia
- Gum Arabic Exports in Malaysia
Gum Arabic Price in Malaysia (CIF) - 2021
The average gum arabic import price stood at $5,458 per ton in December 2021, with an increase of 76% against the previous month. In general, the import price saw a measured expansion. The most prominent rate of growth was recorded in May 2021 an increase of 121% against the previous month. The import price peaked in December 2021.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was China ($35,629 per ton), while the price for Germany ($4,233 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by China (+27.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Gum Arabic Price in Malaysia (FOB) - 2022
In 2022, the average gum arabic export price amounted to $4,222 per ton, picking up by 11% against the previous year. Overall, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, gum arabic export price increased by +24.0% against 2020 indices. The pace of growth appeared the most rapid in 2014 an increase of 65% against the previous year. Over the period under review, the average export prices reached the peak figure at $4,850 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($5,728 per ton), while the average price for exports to Sri Lanka ($560 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 Saudi Arabia (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.
Gum Arabic Imports in Malaysia
Gum arabic imports into Malaysia declined rapidly to 403 tons in 2022, which is down by -16.7% against 2021. In general, imports, however, recorded resilient growth. The growth pace was the most rapid in 2021 when imports increased by 92% against the previous year. As a result, imports reached the peak of 483 tons, and then shrank sharply in the following year.
In value terms, gum arabic imports fell sharply to $1.2M in 2022. Overall, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 101% against the previous year. As a result, imports reached the peak of $1.5M, and then reduced notably in the following year.
| Import of Gum Arabic in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 208 | 216 | 301 | 239 | 4.7% |
| Sudan | 50.7 | 38.5 | 185 | 147 | 42.6% |
| United Arab Emirates | 5.2 | 24.8 | 153 | 131 | 193.1% |
| China | 159 | 57.1 | 159 | 126 | -7.5% |
| United States | 67.5 | 96.4 | 91.1 | 86.2 | 8.5% |
| Germany | 70.8 | 71.2 | 121 | 69.7 | -0.5% |
| Thailand | 11.2 | 30.8 | 61.1 | 48.5 | 63.0% |
| United Kingdom | 141 | 143 | 11.0 | 6.3 | -64.5% |
| Kenya | 190 | N/A | N/A | N/A | 0% |
| Others | 80.9 | 92.1 | 467 | 306 | 55.8% |
| Total | 984 | 770 | 1,550 | 1,160 | 5.6% |
Top Suppliers of Gum Arabic to Malaysia in 2022:
- United Arab Emirates (111.3 tons)
- France (65.2 tons)
- Sudan (42.0 tons)
- China (29.1 tons)
- Germany (21.7 tons)
- United States (16.3 tons)
- Thailand (14.3 tons)
- United Kingdom (2.2 tons)
Gum Arabic Exports in Malaysia
In 2022, exports of gum arabics from Malaysia surged to 8.6 tons, growing by 33% against the year before. In general, exports posted a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 958%. As a result, the exports attained the peak of 14 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, gum arabic exports surged to $36K in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 792% against the previous year. As a result, the exports reached the peak of $48K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Gum Arabic in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 0.7 | 19.3 | 8.2 | 14.3 | 173.4% |
| United Arab Emirates | 0.5 | 6.4 | 2.9 | 6.3 | 132.7% |
| Singapore | 0.9 | 0.8 | 3.3 | 5.8 | 86.1% |
| India | 1.4 | 12.8 | 3.0 | 3.6 | 37.0% |
| Taiwan (Chinese) | 0.5 | 2.4 | 0.7 | 1.1 | 30.1% |
| Sri Lanka | 0.3 | 1.5 | 0.4 | 0.5 | 18.6% |
| United Kingdom | N/A | N/A | 2.6 | N/A | 0% |
| Others | 1.2 | 5.2 | 3.6 | 4.7 | 57.6% |
| Total | 5.4 | 48.2 | 24.6 | 36.4 | 88.9% |
Top Export Markets for Gum Arabic from Malaysia in 2022:
- Saudi Arabia (2.5 tons)
- United Arab Emirates (2.0 tons)
- Singapore (1.3 tons)
- India (1.2 tons)
- Sri Lanka (0.9 tons)
- Taiwan (Chinese) (0.7 tons)
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