Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Iraq - 2022
Contents:
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Iraq (CIF) - 2022
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Iraq (FOB) - 2022
- Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Iraq
- Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Iraq
Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Iraq (CIF) - 2022
The average import price for lac; natural gums, resins, gum-resins and balsamses stood at $5,977 per ton in 2022, surging by 4.4% against the previous year. Overall, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for lac; natural gums, resins, gum-resins and balsamses increased by +68.6% against 2017 indices. The growth pace was the most rapid in 2013 an increase of 51% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($14,759 per ton), while the price for Indonesia ($638 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+10.2%), 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 Iraq (FOB) - 2022
In 2022, the average export price for lac; natural gums, resins, gum-resins and balsamses amounted to $3,020 per ton, waning by -34% against the previous year. Over the period under review, the export price saw a abrupt contraction. The pace of growth was the most pronounced in 2015 when the average export price increased by 13% against the previous year. The export price peaked at $17,656 per ton in 2016; however, from 2017 to 2022, the export prices remained at a 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 Saudi Arabia ($13,027 per ton), while the average price for exports to Tunisia ($682 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 Tunisia (+7.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Iraq
In 2022, imports of lac; natural gums, resins, gum-resins and balsamses into Iraq was estimated at 947 tons, with an increase of 11% compared with 2021 figures. Overall, imports posted noticeable growth. The most prominent rate of growth was recorded in 2020 when imports increased by 75%. As a result, imports reached the peak of 1.5K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of lac; natural gums, resins, gum-resins and balsamses soared to $5.7M in 2022. Over the period under review, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 125%. As a result, imports reached the peak of $6.9M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1,781 | 4,281 | 2,888 | 3,219 | 21.8% |
| United Arab Emirates | 526 | 1,612 | 1,001 | 1,215 | 32.2% |
| Iran | 67.4 | 369 | 454 | 702 | 118.4% |
| Sudan | 229 | 352 | 276 | 270 | 5.6% |
| Ethiopia | 338 | 115 | 221 | 195 | -16.8% |
| Indonesia | 43.6 | 10.8 | 5.9 | 16.4 | -27.8% |
| Others | 91.5 | 187 | 44.5 | 40.5 | -23.8% |
| Total | 3,077 | 6,927 | 4,889 | 5,658 | 22.5% |
Top Suppliers of Lac; Natural Gums, Resins, Gum-Resins and Balsams to Iraq in 2022:
- United Arab Emirates (370.4 tons)
- Sudan (242.1 tons)
- India (218.1 tons)
- Iran (50.1 tons)
- Ethiopia (26.5 tons)
- Indonesia (25.7 tons)
Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Iraq
In 2022, exports of lac; natural gums, resins, gum-resins and balsamses from Iraq shrank significantly to 169 tons, waning by -29.1% on the previous year. In general, exports faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 46%. As a result, the exports attained the peak of 238 tons, and then reduced rapidly in the following year.
In value terms, exports of lac; natural gums, resins, gum-resins and balsamses fell notably to $509K in 2022. Overall, exports saw a dramatic contraction. The pace of growth was the most pronounced in 2021 when exports increased by 2%.
| Export of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 1,450 | 756 | 736 | 336 | -38.6% |
| United Arab Emirates | 246 | 258 | 316 | 139 | -17.3% |
| Tunisia | 7.9 | 16.8 | 26.3 | 22.0 | 40.7% |
| Others | 4.0 | 34.9 | 8.3 | 12.4 | 45.8% |
| Total | 1,708 | 1,066 | 1,087 | 509 | -33.2% |
Top Export Markets for Lac; Natural Gums, Resins, Gum-Resins and Balsams from Iraq in 2022:
- United Arab Emirates (107.6 tons)
- Tunisia (32.3 tons)
- Saudi Arabia (25.8 tons)
Nothing found. Please try again.
Nothing found. Please try again.
Nothing found. Please try again.
