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

Contents:

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

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

In 2022, the average import price for lac; natural gums, resins, gum-resins and balsamses amounted to $2,743 per ton, picking up by 15% against the previous year. Over the period under review, the import price, however, saw a pronounced shrinkage. Over the period under review, average import prices hit record highs at $4,171 per ton in 2014; however, from 2015 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 Germany ($4,867 per ton), while the price for Sudan ($1,772 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+1.8%), while the prices for the other major suppliers experienced a decline.

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

The average export price for lac; natural gums, resins, gum-resins and balsamses stood at $5,163 per ton in 2022, surging by 9% against the previous year. Overall, the export price, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2013 an increase of 160%. As a result, the export price reached the peak level of $38,281 per ton. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($10,468 per ton), while the average price for exports to Georgia ($2,389 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 Germany (+4.2%), while the prices for the other major destinations experienced a decline.

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

For the fourth year in a row, Poland recorded growth in supplies from abroad of lac; natural gums, resins, gum-resins and balsamses, which increased by 23% to 3.2K tons in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.8% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 38%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, imports of lac; natural gums, resins, gum-resins and balsamses soared to $8.8M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +18.1% 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 +68.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. France (1672.0 tons)
2. India (616.8 tons)
3. Ireland (196.6 tons)
4. United Kingdom (175.6 tons)
5. Germany (167.4 tons)
6. Sudan (165.8 tons)
7. Netherlands (109.5 tons)

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

For the fourth year in a row, Poland recorded growth in overseas shipments of lac; natural gums, resins, gum-resins and balsamses, which increased by 12% to 223 tons in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +19.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 54% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of lac; natural gums, resins, gum-resins and balsamses surged to $1.1M in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 85% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

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

1. Russia (156.7 tons)
2. United Kingdom (19.7 tons)
3. Georgia (19.4 tons)
4. Switzerland (6.8 tons)
5. Czech Republic (6.5 tons)
6. Spain (1.7 tons)
7. Netherlands (0.7 tons)

Source: IndexBox Market Intelligence Platform