Gum Arabic Price in Serbia - 2023

Contents:

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

Gum Arabic Price in Serbia (CIF) - 2022

The average gum arabic import price stood at $5,505 per ton in 2022, declining by -33.5% against the previous year. Overall, the import price showed a deep reduction. The growth pace was the most rapid in 2017 an increase of 142% against the previous year. Over the period under review, average import prices attained the peak figure at $14,952 per ton in 2013; however, from 2014 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 Germany ($7,160 per ton), while the price for Italy ($3,421 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.1%), while the prices for the other major suppliers experienced a decline.

Gum Arabic Price in Serbia (FOB) - 2022

In 2022, the average gum arabic export price amounted to $6,284 per ton, which is down by -43.2% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 127%. Over the period under review, the average export prices attained the peak figure at $11,053 per ton in 2021, and then fell notably in the following year.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($7,357 per ton), while the average price for exports to Montenegro ($4,973 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 North Macedonia (+2.1%), while the prices for the other major destinations experienced a decline.

Gum Arabic Imports in Serbia

Gum arabic imports into Serbia declined dramatically to 11 tons in 2022, waning by -22.1% compared with the previous year. In general, imports, however, posted a perceptible expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 138%. As a result, imports attained the peak of 14 tons, and then shrank markedly in the following year.

In value terms, gum arabic imports shrank remarkably to $59K in 2022. Overall, imports recorded a abrupt setback. The growth pace was the most rapid in 2021 when imports increased by 125% against the previous year. As a result, imports attained the peak of $114K, and then dropped markedly in the following year.

Top Suppliers of Gum Arabic to Serbia in 2022:

1. France (8.4 tons)
2. Italy (1.8 tons)
3. Germany (0.3 tons)

Gum Arabic Exports in Serbia

In 2022, overseas shipments of gum arabics decreased by -41.4% to 1.6 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 768%.

In value terms, gum arabic exports declined remarkably to $10K in 2022. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 519% against the previous year.

Top Export Markets for Gum Arabic from Serbia in 2022:

1. Bosnia and Herzegovina (775.0 kg)
2. North Macedonia (700.0 kg)
3. Montenegro (147.0 kg)

Source: IndexBox Market Intelligence Platform