Gum Arabic Price in Thailand - 2023

Contents:

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

Gum Arabic Price in Thailand (CIF) - 2022

In 2022, the average gum arabic import price amounted to $1,845 per ton, waning by -9.6% against the previous year. In general, the import price saw a abrupt decrease. The pace of growth was the most pronounced in 2014 an increase of 59%. As a result, import price reached the peak level of $5,642 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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 the United States ($15,998 per ton), while the price for Chad ($1,569 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Gum Arabic Price in Thailand (FOB) - 2022

The average gum arabic export price stood at $2,923 per ton in 2022, with a decrease of -9.4% against the previous year. In general, the export price showed a perceptible decrease. The growth pace was the most rapid in 2015 an increase of 129%. As a result, the export price attained the peak level of $7,463 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Myanmar ($5,181 per ton), while the average price for exports to China ($1,418 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 South Korea (+15.8%), while the prices for the other major destinations experienced a decline.

Gum Arabic Imports in Thailand

In 2022, gum arabic imports into Thailand surged to 4.3K tons, growing by 160% on 2021. Overall, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, gum arabic imports soared to $8M in 2022. Over the period under review, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Gum Arabic to Thailand in 2022:

1. Sudan (3557.5 tons)
2. Chad (300.0 tons)
3. France (286.6 tons)
4. Germany (148.2 tons)
5. United States (7.8 tons)

Gum Arabic Exports in Thailand

After three years of growth, shipments abroad of gum arabics decreased by -71.3% to 140 tons in 2022. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 179%. As a result, the exports reached the peak of 486 tons, and then shrank dramatically in the following year.

In value terms, gum arabic exports declined notably to $408K in 2022. Overall, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 196%. As a result, the exports attained the peak of $1.6M, and then shrank remarkably in the following year.

Top Export Markets for Gum Arabic from Thailand in 2022:

1. Vietnam (45.3 tons)
2. Russia (38.8 tons)
3. China (20.9 tons)
4. Malaysia (15.4 tons)
5. Indonesia (9.7 tons)
6. Myanmar (5.3 tons)
7. Australia (4.0 tons)

Source: IndexBox Market Intelligence Platform