Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Ireland - 2023
Contents:
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Ireland (CIF) - 2023
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Ireland (FOB) - 2022
- Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Ireland
- Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Ireland
Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Ireland (CIF) - 2023
The average import price for lac; natural gums, resins, gum-resins and balsamses stood at $6,206 per ton in October 2023, stabilizing at the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in April 2023 an increase of 10% month-to-month. The import price peaked at $6,404 per ton in June 2023; however, from July 2023 to October 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($10,189 per ton), while the price for France ($5,798 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 Germany (+6.4%), 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 Ireland (FOB) - 2022
In 2022, the average export price for lac; natural gums, resins, gum-resins and balsamses amounted to $4,727 per ton, reducing by -28.2% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 39%. As a result, the export price attained the peak level of $6,580 per ton, and then declined markedly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($12,825 per ton), while the average price for exports to the United Arab Emirates ($1,943 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 Brazil (+8.9%), 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 Ireland
In 2022, approx. 2.8K tons of lac; natural gums, resins, gum-resins and balsamses were imported into Ireland; picking up by 2.4% on the year before. The total import volume increased at an average annual rate of +5.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 18% against the previous year. As a result, imports reached the peak of 2.8K tons; afterwards, it flattened through to 2022.
In value terms, imports of lac; natural gums, resins, gum-resins and balsamses expanded slightly to $14M in 2022. The total import value increased at an average annual rate of +6.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 20% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.
| Import of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 5.5 | 6.6 | 5.9 | 6.6 | 6.3% |
| France | 4.4 | 5.4 | 6.1 | 6.0 | 10.9% |
| Germany | 0.3 | 1.4 | 0.8 | 0.7 | 32.6% |
| United States | 1.1 | 0.2 | 0.3 | 0.5 | -23.1% |
| Italy | 0.4 | 0.3 | 0.3 | 0.2 | -20.6% |
| Others | N/A | 0.1 | 0.2 | 0.1 | 0.0% |
| Total | 11.6 | 13.9 | 13.5 | 14.1 | 6.7% |
Top Suppliers of Lac; Natural Gums, Resins, Gum-Resins and Balsams to Ireland in 2022:
- France (1264.0 tons)
- United Kingdom (1223.8 tons)
- Germany (132.0 tons)
- United States (88.2 tons)
- Italy (41.9 tons)
Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Ireland
In 2022, after two years of decline, there was significant growth in overseas shipments of lac; natural gums, resins, gum-resins and balsamses, when their volume increased by 398% to 90 tons. In general, exports, however, continue to indicate a perceptible curtailment.
In value terms, exports of lac; natural gums, resins, gum-resins and balsamses soared to $427K in 2022. Over the period under review, exports, however, showed a pronounced contraction.
| Export of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 0.9 | 3.9 | 96.9 | 315 | 604.7% |
| France | N/A | 60.6 | 22.6 | 91.3 | 22.7% |
| United States | 5.5 | 20.4 | N/A | 10.7 | 24.8% |
| United Arab Emirates | N/A | N/A | N/A | 7.2 | 0% |
| Chile | 98.3 | 49.7 | N/A | N/A | -49.4% |
| Costa Rica | 98.3 | N/A | N/A | N/A | 0% |
| South Africa | 78.2 | N/A | N/A | N/A | 0% |
| Singapore | N/A | 198 | N/A | N/A | 0% |
| Brazil | 188 | 139 | N/A | N/A | -26.1% |
| Others | N/A | 3.4 | N/A | 3.5 | 1.5% |
| Total | 469 | 475 | 119 | 427 | -3.1% |
Top Export Markets for Lac; Natural Gums, Resins, Gum-Resins and Balsams from Ireland in 2022:
- United Kingdom (62.2 tons)
- France (20.0 tons)
- United States (4.3 tons)
- United Arab Emirates (3.7 tons)
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