Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Morocco - 2023
Contents:
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Morocco (CIF) - 2022
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Morocco (FOB) - 2022
- Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Morocco
- Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Morocco
Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Morocco (CIF) - 2022
In 2022, the average import price for lac; natural gums, resins, gum-resins and balsamses amounted to $4,695 per ton, dropping by -8.9% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% 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 decreased by -9.2% against 2020 indices. The pace of growth appeared the most rapid in 2019 an increase of 23%. The import price peaked at $5,174 per ton in 2020; however, from 2021 to 2022, import prices remained at a 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 Turkey ($59,000 per ton), while the price for Mali ($1,184 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+38.4%), 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 Morocco (FOB) - 2022
In 2022, the average export price for lac; natural gums, resins, gum-resins and balsamses amounted to $11,606 per ton, increasing by 107% against the previous year. In general, the export price saw resilient growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($81,227 per ton), while the average price for exports to Libya ($988 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 Pakistan (+12.1%), 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 Morocco
In 2022, the amount of lac; natural gums, resins, gum-resins and balsamses imported into Morocco reduced rapidly to 557 tons, waning by -21.2% against the previous year's figure. Over the period under review, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 157%. As a result, imports attained the peak of 707 tons, and then fell notably in the following year.
In value terms, imports of lac; natural gums, resins, gum-resins and balsamses fell rapidly to $2.6M in 2022. In general, imports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 156%. As a result, imports attained the peak of $3.6M, and then reduced notably in the following year.
| Import of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Somalia | 1,052 | 600 | 2,476 | 1,107 | 1.7% |
| Indonesia | 251 | 133 | 247 | 334 | 10.0% |
| France | 105 | 91.4 | 102 | 197 | 23.3% |
| Mali | 19.6 | 18.5 | 209 | 129 | 87.4% |
| Sudan | 75.5 | 41.4 | 62.2 | 106 | 12.0% |
| Philippines | N/A | 35.0 | N/A | 94.6 | 64.4% |
| Pakistan | 9.7 | 33.2 | 28.4 | 50.9 | 73.8% |
| China | 66.0 | 65.5 | 4.6 | 43.3 | -13.1% |
| United Arab Emirates | 239 | 10.7 | 177 | N/A | -13.9% |
| Others | 256 | 393 | 333 | 554 | 29.3% |
| Total | 2,074 | 1,422 | 3,640 | 2,615 | 8.0% |
Top Suppliers of Lac; Natural Gums, Resins, Gum-Resins and Balsams to Morocco in 2022:
- Somalia (125.0 tons)
- Indonesia (121.4 tons)
- Mali (109.3 tons)
- Sudan (50.5 tons)
- France (37.2 tons)
- Pakistan (25.3 tons)
- Philippines (20.0 tons)
- China (8.3 tons)
Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Morocco
In 2022, the amount of lac; natural gums, resins, gum-resins and balsamses exported from Morocco skyrocketed to 81 tons, jumping by 210% against 2021. Overall, exports showed significant growth. 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 skyrocketed to $934K in 2022. Over the period under review, exports saw 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 Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 9.5 | 5.1 | 3.7 | 557 | 288.5% |
| Somalia | N/A | N/A | N/A | 229 | 0% |
| France | 4.7 | 30.7 | 31.2 | 51.8 | 122.5% |
| United States | N/A | 99.6 | 46.0 | 50.3 | -28.9% |
| Algeria | 3.0 | 4.1 | 13.4 | 19.0 | 85.0% |
| Libya | 1.4 | 2.2 | 13.4 | 5.4 | 56.8% |
| Tunisia | 1.2 | 5.7 | 7.1 | 5.1 | 62.0% |
| China | N/A | 9.2 | N/A | 2.6 | -46.8% |
| Germany | 59.2 | N/A | 9.8 | N/A | -59.3% |
| Others | 9.6 | 20.0 | 20.6 | 14.7 | 15.3% |
| Total | 88.7 | 177 | 145 | 934 | 119.2% |
Top Export Markets for Lac; Natural Gums, Resins, Gum-Resins and Balsams from Morocco in 2022:
- Somalia (44.0 tons)
- France (8.0 tons)
- Spain (6.9 tons)
- Algeria (5.9 tons)
- Libya (5.5 tons)
- Tunisia (4.5 tons)
- United States (1.9 tons)
- China (1.9 tons)
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