Gum Arabic Price in Slovakia - 2023
Contents:
- Gum Arabic Price in Slovakia (CIF) - 2022
- Gum Arabic Price in Slovakia (FOB) - 2023
- Gum Arabic Imports in Slovakia
- Gum Arabic Exports in Slovakia
Gum Arabic Price in Slovakia (CIF) - 2022
The average gum arabic import price stood at $723 per ton in 2022, which is down by -2.2% against the previous year. Overall, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by 19% against the previous year. As a result, import price attained the peak level of $6,336 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($1,370 per ton), while the price for Belgium ($318 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-9.4%), while the prices for the other major suppliers experienced a decline.
Gum Arabic Price in Slovakia (FOB) - 2023
The average gum arabic export price stood at $2,519 per ton in May 2023, reducing by -4.3% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 18% m-o-m. The export price peaked at $2,675 per ton in February 2023; however, from March 2023 to May 2023, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Italy.
From May 2022 to May 2023, the rate of growth in terms of prices for Italy amounted to +0.5% per month.
Gum Arabic Imports in Slovakia
Gum arabic imports into Slovakia declined to 6K tons in 2022, dropping by -5.6% on 2021 figures. Over the period under review, imports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 110% against the previous year. As a result, imports attained the peak of 6.4K tons, and then dropped in the following year.
In value terms, gum arabic imports dropped to $4.3M in 2022. Overall, imports continue to indicate a dramatic downturn.
| Import of Gum Arabic in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sudan | 4.2 | 2.6 | 2.0 | 2.1 | -20.6% |
| Belgium | 2.2 | 2.1 | 1.6 | 1.1 | -20.6% |
| Italy | 1.6 | 0.4 | 0.9 | 1.0 | -14.5% |
| France | 1.0 | 0.2 | 0.3 | 0.2 | -41.5% |
| Netherlands | 0.9 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 10.0 | 5.3 | 4.7 | 4.3 | -24.5% |
Top Suppliers of Gum Arabic to Slovakia in 2022:
- Netherlands (undefinedK tons)
- Belgium (3.3K tons)
- Sudan (1.8K tons)
- Italy (0.7K tons)
- France (0.2K tons)
Gum Arabic Exports in Slovakia
In 2022, exports of gum arabics from Slovakia skyrocketed to 287 tons, with an increase of 19% against 2021 figures. Overall, exports, however, continue to indicate a deep setback.
In value terms, gum arabic exports stood at $704K in 2022. Over the period under review, exports, however, recorded a abrupt decrease.
| Export of Gum Arabic in Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 946 | 524 | 587 | 691 | -9.9% |
| Ireland | N/A | N/A | 64.1 | N/A | 0% |
| Denmark | N/A | 136 | N/A | N/A | 0% |
| Others | 11.3 | 1.1 | 0.1 | 12.5 | 3.4% |
| Total | 957 | 661 | 651 | 704 | -9.7% |
Top Export Markets for Gum Arabic from Slovakia in 2022:
- Italy (280.5 tons)
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