Gum Arabic Price in New Zealand - 2023

Contents:

1. Gum Arabic Price in New Zealand (CIF) - 2023
2. Gum Arabic Price in New Zealand (FOB) - 2022
3. Gum Arabic Imports in New Zealand
4. Gum Arabic Exports in New Zealand

Gum Arabic Price in New Zealand (CIF) - 2023

The average gum arabic import price stood at $5,551 per ton in July 2023, rising by 21% against the previous month. In general, the import price, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in February 2023 an increase of 101% month-to-month. The import price peaked at $15,638 per ton in July 2022; however, from August 2022 to July 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the United States ($9,496 per ton), while the price for France amounted to $4,931 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by France (+1.6%), while the prices for the other major suppliers experienced a decline.

Gum Arabic Price in New Zealand (FOB) - 2022

In 2022, the average gum arabic export price amounted to $3,058 per ton, falling by -36% against the previous year. Over the period under review, the export price saw a pronounced contraction. The pace of growth was the most pronounced in 2015 an increase of 55%. As a result, the export price reached the peak level of $7,118 per ton. From 2016 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Vanuatu.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +10.9% per year.

Gum Arabic Imports in New Zealand

After three years of growth, supplies from abroad of gum arabics decreased by -54.5% to 65 tons in 2022. Over the period under review, imports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 218%. As a result, imports reached the peak of 143 tons, and then dropped significantly in the following year.

In value terms, gum arabic imports shrank markedly to $330K in 2022. Overall, imports, however, showed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 150%. As a result, imports reached the peak of $485K, and then declined significantly in the following year.

Top Suppliers of Gum Arabic to New Zealand in 2022:

1. France (43.6 tons)
2. United States (17.1 tons)
3. Italy (2.0 tons)
4. Thailand (1.0 tons)
5. Germany (0.8 tons)

Gum Arabic Exports in New Zealand

In 2022, overseas shipments of gum arabics decreased by -95.7% to 17 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a dramatic downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 1,798% against the previous year. As a result, the exports attained the peak of 3.2 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, gum arabic exports plummeted to $52 in 2022. In general, exports continue to indicate a dramatic curtailment. The growth pace was the most rapid in 2020 when exports increased by 1,376%. As a result, the exports attained the peak of $15K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Top Export Markets for Gum Arabic from New Zealand in 2022:

1. Vanuatu (17.0 kg)

Source: IndexBox Market Intelligence Platform