Gum Arabic Price in Vietnam - 2021

Contents:

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

Top Suppliers of Gum Arabic to Vietnam in 2022:

1. France (82.3 tons)
2. Thailand (23.9 tons)
3. United States (8.6 tons)
4. United Kingdom (4.8 tons)
5. Germany (4.8 tons)
6. Sudan (2.4 tons)
7. 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%.

Top Export Markets for Gum Arabic from Vietnam in 2022:

1. Gambia (11.6 tons)
2. Senegal (5.6 tons)

Source: IndexBox Market Intelligence Platform