Gum Arabic Price in Romania - 2023

Contents:

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

Gum Arabic Price in Romania (CIF) - 2022

In 2022, the average gum arabic import price amounted to $3,352 per ton, reducing by -9.5% against the previous year. Over the period under review, the import price showed a perceptible setback. The most prominent rate of growth was recorded in 2018 an increase of 13% against the previous year. Over the period under review, average import prices attained the maximum at $5,034 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($6,331 per ton), while the price for Turkey ($2,616 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-0.2%), while the prices for the other major suppliers experienced a decline.

Gum Arabic Price in Romania (FOB) - 2022

In 2022, the average gum arabic export price amounted to $5,878 per ton, leveling off at the previous year. In general, the export price continues to indicate a noticeable setback. The pace of growth appeared the most rapid in 2015 an increase of 74%. The export price peaked at $8,832 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($16,308 per ton), while the average price for exports to Moldova ($2,791 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 Bulgaria (+19.7%), while the prices for the other major destinations experienced a decline.

Gum Arabic Imports in Romania

In 2022, approx. 103 tons of gum arabics were imported into Romania; growing by 8% against the previous year's figure. In general, imports enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 48% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, gum arabic imports shrank modestly to $345K in 2022. Overall, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 55% against the previous year.

Top Suppliers of Gum Arabic to Romania in 2022:

1. Turkey (48.5 tons)
2. France (30.4 tons)
3. Greece (12.2 tons)
4. Italy (4.5 tons)
5. Germany (3.5 tons)
6. United Kingdom (2.1 tons)

Gum Arabic Exports in Romania

In 2022, the amount of gum arabics exported from Romania rose significantly to 4.7 tons, picking up by 9.2% on 2021 figures. In general, exports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 24% against the previous year. As a result, the exports attained the peak of 6.8 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, gum arabic exports totaled $27K in 2022. Overall, exports showed a modest increase. The pace of growth was the most pronounced in 2020 with an increase of 108% against the previous year. As a result, the exports attained the peak of $55K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Gum Arabic from Romania in 2022:

1. Moldova (2.2 tons)
2. Belarus (2.2 tons)
3. Ireland (0.2 tons)

Source: IndexBox Market Intelligence Platform