Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Tanzania - 2022
Contents:
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Tanzania (FOB) - 2022
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Tanzania (CIF) - 2022
- Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Tanzania
- Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Tanzania
Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Tanzania (FOB) - 2022
The average export price for lac; natural gums, resins, gum-resins and balsamses stood at $600 per ton in 2022, reducing by -95.2% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 292% against the previous year. The export price peaked at $12,579 per ton in 2021, and then shrank notably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($851 per ton), while the average price for exports to Egypt ($280 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 India (+4.9%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Tanzania (CIF) - 2022
The average import price for lac; natural gums, resins, gum-resins and balsamses stood at $2,431 per ton in 2022, jumping by 51% against the previous year. In general, the import price, however, saw a slight setback. The pace of growth was the most pronounced in 2014 an increase of 54% against the previous year. The import price peaked at $2,822 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($2,492 per ton), while the price for India stood at $1,242 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+20.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Tanzania
In 2022, overseas shipments of lac; natural gums, resins, gum-resins and balsamses were finally on the rise to reach 2.4K tons after two years of decline. In general, exports posted significant growth. As a result, the exports reached 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 surged to $1.4M in 2022. Overall, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 384 | 596 | 605 | 1,200 | 46.2% |
| Pakistan | 98.3 | 120 | 87.5 | 134 | 10.9% |
| India | N/A | 4.5 | N/A | 46.8 | 222.5% |
| Egypt | N/A | 29.6 | N/A | 34.4 | 7.8% |
| Others | 32.2 | 2.7 | 9.1 | 1.8 | -61.8% |
| Total | 515 | 753 | 702 | 1,416 | 40.1% |
Top Export Markets for Lac; Natural Gums, Resins, Gum-Resins and Balsams from Tanzania in 2022:
- China (1993.3 tons)
- Pakistan (186.0 tons)
- Egypt (123.0 tons)
- India (55.0 tons)
Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Tanzania
In 2022, supplies from abroad of lac; natural gums, resins, gum-resins and balsamses decreased by -35.6% to 151 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2020 when imports increased by 115% against the previous year. As a result, imports reached the peak of 243 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of lac; natural gums, resins, gum-resins and balsamses declined to $366K in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value 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, imports decreased by -7.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 86%. As a result, imports reached the peak of $397K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 145 | 271 | 223 | 354 | 34.7% |
| India | 2.7 | 40.9 | 3.0 | 10.6 | 57.8% |
| United Arab Emirates | 19.3 | 17.9 | 130 | N/A | 159.5% |
| Egypt | 9.3 | 56.6 | 19.4 | N/A | 44.4% |
| Pakistan | 24.3 | 1.0 | N/A | N/A | -95.9% |
| Others | 13.1 | 9.2 | 0.4 | 2.1 | -45.7% |
| Total | 213 | 397 | 376 | 366 | 19.8% |
Top Suppliers of Lac; Natural Gums, Resins, Gum-Resins and Balsams to Tanzania in 2022:
- China (142.0 tons)
- India (8.5 tons)
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