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

Contents:

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

Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in New Zealand (CIF) - 2022

The average import price for lac; natural gums, resins, gum-resins and balsamses stood at $8,406 per ton in 2022, jumping by 130% against the previous year. Overall, the import price enjoyed a buoyant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($29,148 per ton), while the price for Pakistan ($3,001 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+18.3%), 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 New Zealand (FOB) - 2022

In 2022, the average export price for lac; natural gums, resins, gum-resins and balsamses amounted to $3,607 per ton, dropping by -52.5% against the previous year. In general, the export price recorded a abrupt downturn. The growth pace was the most rapid in 2020 when the average export price increased by 90% against the previous year. The export price peaked at $9,004 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($7,361 per ton), while the average price for exports to Norfolk Island ($611 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 States (+5.2%), 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 New Zealand

Imports of lac; natural gums, resins, gum-resins and balsamses into New Zealand dropped significantly to 99 tons in 2022, waning by -80.2% on the previous year's figure. In general, imports showed a sharp decline. The pace of growth appeared the most rapid in 2021 when imports increased by 112% against the previous year. As a result, imports attained the peak of 497 tons, and then reduced rapidly in the following year.

In value terms, imports of lac; natural gums, resins, gum-resins and balsamses reduced remarkably to $829K in 2022. Over the period under review, imports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 178% against the previous year. As a result, imports attained the peak of $1.8M, and then contracted notably in the following year.

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

1. France (49.5 tons)
2. India (23.5 tons)
3. United States (10.2 tons)
4. Pakistan (5.0 tons)
5. China (5.0 tons)
6. Australia (2.4 tons)

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

For the fourth consecutive year, New Zealand recorded growth in overseas shipments of lac; natural gums, resins, gum-resins and balsamses, which increased by 5% to 15 tons in 2022. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 2,866% against the previous year. The exports peaked 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 markedly to $52K in 2022. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 5,526%.

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

1. Samoa (5.5 tons)
2. Norfolk Island (5.3 tons)
3. Australia (3.5 tons)
4. Fiji (0.1 tons)

Source: IndexBox Market Intelligence Platform