Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Bulgaria - 2023
Contents:
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Bulgaria (CIF) - 2022
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Bulgaria (FOB) - 2022
- Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Bulgaria
- Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Bulgaria
Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Bulgaria (CIF) - 2022
In 2022, the average import price for lac; natural gums, resins, gum-resins and balsamses amounted to $16,905 per ton, growing by 3.7% against the previous year. In general, the import price recorded a prominent increase. The pace of growth was the most pronounced in 2017 an increase of 85% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
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 Somalia ($17,638 per ton), while the price for France ($6,131 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Somalia (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Bulgaria (FOB) - 2022
The average export price for lac; natural gums, resins, gum-resins and balsamses stood at $7,858 per ton in 2022, picking up by 13% against the previous year. Overall, the export price, however, recorded a noticeable curtailment. The pace of growth was the most pronounced in 2014 when the average export price increased by 52%. As a result, the export price attained the peak level of $16,484 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
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 Iran ($28,111 per ton), while the average price for exports to Kyrgyzstan ($3,095 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 Italy (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Bulgaria
After two years of decline, purchases abroad of lac; natural gums, resins, gum-resins and balsamses increased by 70% to 1.2K tons in 2022. Overall, imports, however, recorded a abrupt shrinkage.
In value terms, imports of lac; natural gums, resins, gum-resins and balsamses surged to $20M in 2022. Over the period under review, imports, however, recorded a mild decline.
| Import of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Somalia | 16.5 | 11.9 | 10.2 | 18.9 | 4.6% |
| Germany | 0.3 | 0.2 | 0.1 | 0.1 | -30.7% |
| Djibouti | N/A | 0.3 | 0.2 | N/A | -33.3% |
| Ethiopia | 0.5 | N/A | N/A | N/A | 0% |
| United Kingdom | 2.8 | N/A | N/A | N/A | 0% |
| Others | 0.3 | 0.2 | 0.6 | 0.4 | 10.1% |
| Total | 20.3 | 12.7 | 11.1 | 19.5 | -1.3% |
Top Suppliers of Lac; Natural Gums, Resins, Gum-Resins and Balsams to Bulgaria in 2022:
- Somalia (1073.4 tons)
- Germany (18.0 tons)
- United Kingdom (6.0 tons)
- Ethiopia (2.0 tons)
Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Bulgaria
After two years of decline, overseas shipments of lac; natural gums, resins, gum-resins and balsamses increased by 55% to 29 tons in 2022. In general, total exports indicated perceptible growth from 2019 to 2022: its volume increased at an average annual rate of +4.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of lac; natural gums, resins, gum-resins and balsamses soared to $226K in 2022. Overall, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | N/A | 2.2 | 70.8 | 3118.2% |
| Iran | N/A | N/A | N/A | 48.4 | 0% |
| Kyrgyzstan | N/A | N/A | N/A | 30.8 | 0% |
| Greece | 2.1 | 18.1 | 55.9 | 24.1 | 125.6% |
| Russia | 38.4 | 32.2 | 25.9 | 19.0 | -20.9% |
| Armenia | 4.3 | N/A | 1.5 | 5.7 | 9.9% |
| Georgia | 41.8 | 48.5 | 11.2 | 4.5 | -52.4% |
| Bosnia and Herzegovina | 9.6 | 11.5 | 6.8 | N/A | -15.8% |
| Estonia | N/A | N/A | 7.7 | N/A | 0% |
| Others | 3.9 | 2.2 | 17.6 | 22.3 | 78.8% |
| Total | 100 | 112 | 129 | 226 | 31.2% |
Top Export Markets for Lac; Natural Gums, Resins, Gum-Resins and Balsams from Bulgaria in 2022:
- Kyrgyzstan (9.9 tons)
- Russia (6.1 tons)
- Italy (5.9 tons)
- Iran (1.7 tons)
- Armenia (1.6 tons)
- Georgia (1.3 tons)
- Greece (1.2 tons)
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