Gum Arabic Price in Vietnam - 2021
Contents:
- Gum Arabic Price in Vietnam (CIF) - 2022
- Gum Arabic Price in Vietnam (FOB) - 2022
- Gum Arabic Imports in Vietnam
- Gum Arabic Exports in Vietnam
Gum Arabic Price in Vietnam (CIF) - 2022
In 2022, the average gum arabic import price amounted to $3,274 per ton, remaining constant against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 18% against the previous year. As a result, import price reached the peak level of $3,431 per ton. From 2017 to 2022, the average 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 Germany ($4,614 per ton), while the price for the UK ($2,466 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+35.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Gum Arabic Price in Vietnam (FOB) - 2022
In 2022, the average gum arabic export price amounted to $489 per ton, dropping by -9.4% against the previous year. In general, the export price faced a deep downturn. The pace of growth appeared the most rapid in 2013 when the average export price increased by 90% against the previous year. As a result, the export price reached the peak level of $3,526 per ton. From 2014 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 Senegal ($668 per ton), while the average price for exports to Gambia totaled $398 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Gambia (-2.7%).
Gum Arabic Imports in Vietnam
Gum arabic imports into Vietnam reduced to 230 tons in 2022, shrinking by -9.4% compared with the year before. Over the period under review, imports recorded a perceptible decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 23%. As a result, imports reached the peak of 254 tons, and then shrank in the following year.
In value terms, gum arabic imports fell to $753K in 2022. The total import value increased at an average annual rate of +2.4% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 22% against the previous year. As a result, imports attained the peak of $828K, and then shrank in the following year.
Import of Gum Arabic in Vietnam (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 375 | 416 | 342 | 277 | -9.6% |
Thailand | 170 | 108 | 98.2 | 79.5 | -22.4% |
United States | 75.2 | 79.7 | 52.9 | 33.5 | -23.6% |
Germany | 16.0 | 29.8 | 5.3 | 22.3 | 11.7% |
United Kingdom | 24.3 | 5.1 | 9.7 | 11.9 | -21.2% |
Sudan | 13.3 | 14.0 | 8.8 | 7.1 | -18.9% |
Singapore | 10.5 | 8.5 | 3.4 | 6.2 | -16.1% |
Others | 16.1 | 17.1 | 307 | 315 | 169.5% |
Total | 701 | 678 | 828 | 753 | 2.4% |
Top Suppliers of Gum Arabic to Vietnam in 2022:
- France (82.3 tons)
- Thailand (23.9 tons)
- United States (8.6 tons)
- United Kingdom (4.8 tons)
- Germany (4.8 tons)
- Sudan (2.4 tons)
- Singapore (2.0 tons)
Gum Arabic Exports in Vietnam
In 2022, shipments abroad of gum arabics decreased by -10.2% to 17 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +8.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 41% against the previous year.
In value terms, gum arabic exports dropped significantly to $8.4K in 2022. Over the period under review, exports saw a deep downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 59%.
Export of Gum Arabic in Vietnam (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Gambia | 5.1 | 4.2 | 3.4 | 4.6 | -3.4% |
Senegal | 3.6 | 2.2 | 5.1 | 3.7 | 0.9% |
Others | 4.3 | 0.1 | 1.9 | 0.1 | -71.5% |
Total | 13.0 | 6.5 | 10.3 | 8.4 | -13.5% |
Top Export Markets for Gum Arabic from Vietnam in 2022:
- Gambia (11.6 tons)
- Senegal (5.6 tons)
Nothing found. Please try again.
Nothing found. Please try again.
Nothing found. Please try again.