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

Contents:

1. Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Slovakia (CIF) - 2022
2. Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Slovakia (FOB) - 2023
3. Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Slovakia
4. Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Slovakia

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

In 2022, the average import price for lac; natural gums, resins, gum-resins and balsamses amounted to $2,106 per ton, shrinking by -20.3% against the previous year. In general, the import price saw a deep slump. The most prominent rate of growth was recorded in 2020 when the average import price increased by 29%. The import price peaked at $7,594 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Netherlands ($2,145 per ton) and Sudan ($2,091 per ton), while the price for Belgium ($1,588 per ton) and France ($1,816 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-1.7%), while the prices for the other major suppliers experienced a decline.

Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Slovakia (FOB) - 2023

In August 2023, the average export price for lac; natural gums, resins, gum-resins and balsamses amounted to $36,224 per ton, surging by 1,263% against the previous month. In general, the export price recorded a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was India ($98,484 per ton), while the average price for exports to the Czech Republic stood at $17,767 per ton.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+1.2%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, approx. 2.1K tons of lac; natural gums, resins, gum-resins and balsamses were imported into Slovakia; picking up by 4.9% compared with the previous year's figure. Overall, imports, however, showed a sharp slump.

In value terms, imports of lac; natural gums, resins, gum-resins and balsamses shrank remarkably to $4.3M in 2022. In general, imports, however, faced a dramatic contraction. The smallest decline of -10.9% was in 2021.

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

1. Sudan (900.8 tons)
2. Belgium (608.4 tons)
3. Italy (429.6 tons)
4. France (104.3 tons)
5. Netherlands (3.2 tons)

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

In 2022, shipments abroad of lac; natural gums, resins, gum-resins and balsamses decreased by -31.7% to 21 tons, falling for the second year in a row after two years of growth. In general, exports recorded a precipitous decline. The most prominent rate of growth was recorded in 2020 with an increase of 7.1% against the previous year. As a result, the exports reached the peak of 392 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of lac; natural gums, resins, gum-resins and balsamses reached $1.1M in 2022. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 3.2% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

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

1. Italy (8.8 tons)
2. Turkey (7.4 tons)
3. Netherlands (4.0 tons)
4. Czech Republic (0.5 tons)

Source: IndexBox Market Intelligence Platform