Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Greece - 2023

Contents:

1. Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Greece (FOB) - 2022
2. Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Greece (CIF) - 2023
3. Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Greece
4. Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Greece

Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Greece (FOB) - 2022

The average export price for lac; natural gums, resins, gum-resins and balsamses stood at $79,498 per ton in 2022, shrinking by -9.1% against the previous year. In general, the export price continues to indicate a perceptible reduction. The growth pace was the most rapid in 2021 when the average export price increased by 14%. Over the period under review, the average export prices reached the maximum at $102,550 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($125,129 per ton), while the average price for exports to Romania ($7,475 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 the United Arab Emirates (+14.4%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Greece (CIF) - 2023

In October 2023, the average import price for lac; natural gums, resins, gum-resins and balsamses amounted to $13,091 per ton, picking up by 202% against the previous month. Over the period under review, the import price saw prominent growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($135K per ton), while the price for Egypt ($4,887 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Sudan (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Greece

Exports of lac; natural gums, resins, gum-resins and balsamses from Greece reached 251 tons in 2022, remaining stable against 2021. The total export volume increased at an average annual rate of +12.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 30% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of lac; natural gums, resins, gum-resins and balsamses fell to $20M in 2022. The total export value increased at an average annual rate of +8.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 25%. As a result, the exports reached the peak of $22M, and then declined in the following year.

Top Export Markets for Lac; Natural Gums, Resins, Gum-Resins and Balsams from Greece in 2022:

1. Romania (39.4 tons)
2. United States (32.9 tons)
3. United Arab Emirates (28.9 tons)
4. South Korea (28.4 tons)
5. France (15.9 tons)
6. Mauritania (13.0 tons)
7. Bulgaria (9.3 tons)
8. Mali (8.0 tons)
9. Cyprus (8.0 tons)
10. Egypt (6.7 tons)
11. Turkey (6.3 tons)
12. Saudi Arabia (4.9 tons)
13. Germany (4.6 tons)

Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Greece

Imports of lac; natural gums, resins, gum-resins and balsamses into Greece surged to 755 tons in 2022, picking up by 57% on 2021. In general, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +12.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +94.7% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of lac; natural gums, resins, gum-resins and balsamses soared to $3.2M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +8.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Lac; Natural Gums, Resins, Gum-Resins and Balsams to Greece in 2022:

1. Sudan (272.3 tons)
2. Ethiopia (99.9 tons)
3. France (86.1 tons)
4. Brazil (83.0 tons)
5. Italy (65.4 tons)
6. Egypt (49.7 tons)
7. Germany (36.8 tons)

Source: IndexBox Market Intelligence Platform