Gum Arabic Price in Sri Lanka - 2021

Contents:

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

Gum Arabic Price in Sri Lanka (CIF) - 2022

In 2022, the average gum arabic import price amounted to $1,569 per ton, dropping by -3.4% against the previous year. Over the period under review, the import price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when the average import price increased by 49% against the previous year. Over the period under review, average import prices hit record highs at $3,564 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($7,270 per ton), while the price for Indonesia ($366 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sudan (+9.3%), while the prices for the other major suppliers experienced a decline.

Gum Arabic Price in Sri Lanka (FOB) - 2022

The average gum arabic export price stood at $4,029 per ton in 2022, which is down by -9.2% against the previous year. Over the period under review, the export price showed a abrupt slump. The pace of growth appeared the most rapid in 2020 when the average export price increased by 253%. Over the period under review, the average export prices attained the maximum at $10,200 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($4,473 per ton), while the average price for exports to the United States amounted to $4,029 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (-6.0%).

Gum Arabic Imports in Sri Lanka

In 2022, supplies from abroad of gum arabics decreased by -23.7% to 83 tons, falling for the second consecutive year after two years of growth. In general, imports showed a deep setback. The most prominent rate of growth was recorded in 2020 when imports increased by 22% against the previous year. As a result, imports reached the peak of 163 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, gum arabic imports dropped markedly to $130K in 2022. Over the period under review, imports showed a abrupt decrease. The pace of growth was the most pronounced in 2020 when imports increased by 6.2% against the previous year. As a result, imports reached the peak of $178K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Top Suppliers of Gum Arabic to Sri Lanka in 2022:

1. Indonesia (61.0 tons)
2. India (12.4 tons)
3. Thailand (7.7 tons)
4. Pakistan (0.5 tons)

Gum Arabic Exports in Sri Lanka

Gum arabic exports from Sri Lanka reduced to 1.2 tons in 2022, waning by -3.8% compared with the previous year's figure. In general, exports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2021 when exports increased by 149% against the previous year. As a result, the exports reached the peak of 1.2 tons, and then dropped in the following year.

In value terms, gum arabic exports dropped to $4.8K in 2022. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 85%.

Top Export Markets for Gum Arabic from Sri Lanka in 2022:

1. United States (1192.0 kg)
2. Maldives (2.0 kg)

Source: IndexBox Market Intelligence Platform