Gum Arabic Price in the Czech Republic - 2023
Contents:
- Gum Arabic Price in the Czech Republic (CIF) - 2022
- Gum Arabic Price in the Czech Republic (FOB) - 2022
- Gum Arabic Imports in the Czech Republic
- Gum Arabic Exports in the Czech Republic
Gum Arabic Price in the Czech Republic (CIF) - 2022
In 2022, the average gum arabic import price amounted to $8,073 per ton, rising by 40% against the previous year. In general, the import price continues to indicate resilient growth. The pace of growth appeared the most rapid in 2020 an increase of 48%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
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 Sudan ($34,335 per ton), while the price for Italy ($3,864 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sudan (+20.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Gum Arabic Price in the Czech Republic (FOB) - 2022
In 2022, the average gum arabic export price amounted to $9,309 per ton, dropping by -39.7% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 121% against the previous year. As a result, the export price attained the peak level of $15,428 per ton, and then fell significantly in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($27,799 per ton), while the average price for exports to the Netherlands ($6,337 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 Germany (+27.5%), while the prices for the other major destinations experienced mixed trend patterns.
Gum Arabic Imports in the Czech Republic
In 2022, overseas purchases of gum arabics were finally on the rise to reach 86 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a deep reduction.
In value terms, gum arabic imports skyrocketed to $695K in 2022. Over the period under review, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Gum Arabic in the Czech Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 187 | 216 | 210 | 473 | 36.3% |
| Germany | 67.6 | 61.1 | 41.3 | 72.8 | 2.5% |
| Slovakia | 17.8 | 20.7 | 4.1 | 66.7 | 55.3% |
| Italy | 66.4 | 54.5 | 35.5 | 49.5 | -9.3% |
| United Kingdom | 5.8 | 8.1 | 12.5 | 12.7 | 29.9% |
| Poland | 0.1 | 0.7 | 70.7 | 9.8 | 361.0% |
| Others | 3.5 | 2.4 | 9.5 | 11.2 | 47.4% |
| Total | 348 | 364 | 384 | 695 | 25.9% |
Top Suppliers of Gum Arabic to the Czech Republic in 2022:
- France (52.7 tons)
- Italy (12.8 tons)
- Germany (12.4 tons)
- Slovakia (4.8 tons)
- Poland (1.3 tons)
- United Kingdom (1.2 tons)
Gum Arabic Exports in the Czech Republic
In 2022, gum arabic exports from the Czech Republic skyrocketed to 4.7 tons, jumping by 165% against 2021 figures. Over the period under review, exports posted buoyant growth.
In value terms, gum arabic exports skyrocketed to $44K in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +11.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -10.4% against 2020 indices.
| Export of Gum Arabic in the Czech Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | 24.0 | 26.7 | 11.9 | 24.7 | 1.0% |
| Netherlands | N/A | N/A | N/A | 12.7 | 0% |
| Germany | 3.8 | 0.1 | 0.9 | 2.8 | -9.7% |
| Austria | 2.5 | N/A | 0.2 | 1.7 | -12.1% |
| Poland | 1.1 | 0.5 | 12.4 | 1.2 | 2.9% |
| Georgia | N/A | 20.4 | N/A | N/A | 0% |
| Others | 0.9 | 1.6 | 2.3 | 1.1 | 6.9% |
| Total | 32.3 | 49.3 | 27.6 | 44.2 | 11.0% |
Top Export Markets for Gum Arabic from the Czech Republic in 2022:
- Slovakia (2379.0 kg)
- Netherlands (2000.0 kg)
- Poland (175.0 kg)
- Germany (100.0 kg)
- Austria (67.0 kg)
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