Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Estonia - 2023
Contents:
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Estonia (CIF) - 2022
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Estonia (FOB) - 2022
- Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Estonia
- Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Estonia
Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Estonia (CIF) - 2022
In 2022, the average import price for lac; natural gums, resins, gum-resins and balsamses amounted to $4,273 per ton, with an increase of 51% against the previous year. Over the period under review, the import price, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 an increase of 163%. As a result, import price reached the peak level of $34,292 per ton. From 2021 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 Germany ($9,805 per ton), while the price for Russia ($3,152 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-6.7%), while the prices for the other major suppliers experienced a decline.
Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Estonia (FOB) - 2022
In 2022, the average export price for lac; natural gums, resins, gum-resins and balsamses amounted to $2,968 per ton, which is down by -30.5% against the previous year. Overall, the export price showed a deep reduction. The pace of growth was the most pronounced in 2019 when the average export price increased by 67% against the previous year. The export price peaked at $21,956 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Russia.
From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -16.4% per year.
Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Estonia
In 2022, after three years of growth, there was significant decline in supplies from abroad of lac; natural gums, resins, gum-resins and balsamses, when their volume decreased by -76.7% to 45 tons. Over the period under review, imports, however, showed significant growth. The growth pace was the most rapid in 2021 with an increase of 11,302%. As a result, imports attained the peak of 191 tons, and then dropped dramatically in the following year.
In value terms, imports of lac; natural gums, resins, gum-resins and balsamses declined sharply to $191K in 2022. Overall, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 841%. As a result, imports reached the peak of $541K, and then reduced rapidly in the following year.
| Import of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | N/A | 55.0 | 528 | 123 | 49.5% |
| Russia | 0.1 | 0.7 | 3.9 | 50.8 | 697.9% |
| Germany | 0.1 | 0.1 | 0.6 | 8.9 | 346.5% |
| Others | 5.9 | 1.6 | 8.6 | 7.5 | 8.3% |
| Total | 6.1 | 57.5 | 541 | 191 | 215.2% |
Top Suppliers of Lac; Natural Gums, Resins, Gum-Resins and Balsams to Estonia in 2022:
- Hungary (27.5 tons)
- Russia (16.1 tons)
- Germany (0.9 tons)
Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Estonia
In 2022, overseas shipments of lac; natural gums, resins, gum-resins and balsamses decreased by -65.8% to 42 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 3,833% against the previous year.
In value terms, exports of lac; natural gums, resins, gum-resins and balsamses declined notably to $126K in 2022. Over the period under review, exports, however, showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 1,547% against the previous year.
| Export of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | 54.9 | 526 | 123 | 49.7% |
| Others | 3.5 | 3.5 | 3.6 | 2.9 | -6.1% |
| Total | 3.5 | 58.4 | 530 | 126 | 230.2% |
Top Export Markets for Lac; Natural Gums, Resins, Gum-Resins and Balsams from Estonia in 2022:
- Russia (42.2 tons)
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