Gum Arabic Price in Spain - 2023

Contents:

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

Gum Arabic Price in Spain (CIF) - 2022

The average gum arabic import price stood at $4,917 per ton in 2022, surging by 31% against the previous year. Overall, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, gum arabic import price increased by +50.7% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($14,708 per ton), while the price for Italy ($1,844 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Gum Arabic Price in Spain (FOB) - 2023

In June 2023, the average gum arabic export price amounted to $5,534 per ton, with an increase of 71% against the previous month. Overall, the export price continues to indicate strong growth. The growth pace was the most rapid in April 2023 an increase of 382% m-o-m. As a result, the export price attained the peak level of $18,200 per ton. From May 2023 to June 2023, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was Italy ($37,560 per ton), while the average price for exports to France ($2,382 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+42.3%), while the prices for the other major destinations experienced more modest paces of growth.

Gum Arabic Imports in Spain

In 2022, imports of gum arabics into Spain surged to 2.3K tons, jumping by 24% compared with the year before. The total import volume increased at an average annual rate of +9.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, gum arabic imports surged to $11M in 2022. Overall, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Gum Arabic to Spain in 2022:

1. France (1286.8 tons)
2. Italy (675.6 tons)
3. Germany (261.6 tons)
4. Ireland (42.0 tons)
5. United Kingdom (2.0 tons)

Gum Arabic Exports in Spain

For the fourth year in a row, Spain recorded growth in shipments abroad of gum arabics, which increased by 53% to 632 tons in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, gum arabic exports soared to $1.7M in 2022. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Gum Arabic from Spain in 2022:

1. France (322.5 tons)
2. Chile (102.0 tons)
3. Argentina (91.8 tons)
4. Portugal (54.0 tons)
5. Mexico (37.1 tons)
6. Brazil (10.2 tons)

Source: IndexBox Market Intelligence Platform