Gum Arabic Price in Slovenia - 2023

Contents:

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

Gum Arabic Price in Slovenia (CIF) - 2022

In 2022, the average gum arabic import price amounted to $3,895 per ton, picking up by 4.9% against the previous year. In general, the import price, however, saw a perceptible decline. The growth pace was the most rapid in 2017 an increase of 6.3% against the previous year. Over the period under review, average import prices attained the peak figure at $5,635 per ton in 2012; however, from 2013 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 Austria ($5,383 per ton), while the price for Germany ($3,372 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (-1.0%), while the prices for the other major suppliers experienced a decline.

Gum Arabic Price in Slovenia (FOB) - 2022

The average gum arabic export price stood at $5,670 per ton in 2022, waning by -15.2% against the previous year. In general, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.3% 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 +86.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 120%. As a result, the export price attained the peak level of $6,688 per ton, and then plummeted in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($8,291 per ton), while the average price for exports to Germany ($3,999 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 the United States (+142.3%), while the prices for the other major destinations experienced more modest paces of growth.

Gum Arabic Imports in Slovenia

After three years of growth, supplies from abroad of gum arabics decreased by -2.2% to 435 tons in 2022. Over the period under review, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 49%.

In value terms, gum arabic imports rose to $1.7M in 2022. Overall, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 39% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Gum Arabic to Slovenia in 2022:

1. France (398.9 tons)
2. Germany (15.5 tons)
3. Italy (8.3 tons)
4. Austria (6.0 tons)

Gum Arabic Exports in Slovenia

In 2022, approx. 5.7 tons of gum arabics were exported from Slovenia; growing by 321% on 2021. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 10,722% against the previous year. As a result, the exports attained the peak of 5.8 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, gum arabic exports soared to $32K in 2022. In general, exports showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 5,029%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Gum Arabic from Slovenia in 2022:

1. United Kingdom (2000.0 kg)
2. Serbia (1197.0 kg)
3. United States (1000.0 kg)
4. Germany (900.0 kg)
5. Croatia (382.0 kg)
6. North Macedonia (200.0 kg)
7. Kosovo (22.0 kg)

Source: IndexBox Market Intelligence Platform