Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Thailand - 2024
Contents:
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Thailand (FOB) - 2022
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Thailand (CIF) - 2022
- Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Thailand
- Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Thailand
Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Thailand (FOB) - 2022
In 2022, the average export price for lac; natural gums, resins, gum-resins and balsamses amounted to $4,433 per ton, growing by 45% against the previous year. Over the period under review, the export price continues to indicate a notable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($17,054 per ton), while the average price for exports to Taiwan (Chinese) ($706 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 (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Thailand (CIF) - 2022
In 2022, the average import price for lac; natural gums, resins, gum-resins and balsamses amounted to $1,386 per ton, dropping by -2.5% against the previous year. Overall, the import price continues to indicate a slight slump. The pace of growth appeared the most rapid in 2019 when the average import price increased by 33%. The import price peaked at $1,936 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 India ($9,682 per ton), while the price for Lao People's Democratic Republic ($348 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+10.7%), 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 Thailand
In 2022, the amount of lac; natural gums, resins, gum-resins and balsamses exported from Thailand surged to 11K tons, growing by 34% compared with the year before. In general, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +13.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.5% against 2020 indices. 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 $47M in 2022. Overall, exports enjoyed a significant expansion. 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 Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 8.7 | 8.9 | 11.2 | 27.6 | 46.9% |
| United States | N/A | 0.1 | 2.3 | 5.7 | 655.0% |
| Germany | 2.5 | 2.1 | 3.6 | 3.8 | 15.0% |
| China | 0.4 | 0.2 | 1.2 | 3.2 | 100.0% |
| Japan | 2.1 | 1.7 | 2.3 | 2.6 | 7.4% |
| Philippines | 0.6 | 0.7 | 0.5 | 0.8 | 10.1% |
| Taiwan (Chinese) | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Others | 2.1 | 2.0 | 2.8 | 2.8 | 10.1% |
| Total | 16.6 | 15.8 | 24.0 | 46.6 | 41.1% |
Top Export Markets for Lac; Natural Gums, Resins, Gum-Resins and Balsams from Thailand in 2022:
- India (5.8K tons)
- Japan (1.3K tons)
- United States (1.0K tons)
- Philippines (0.8K tons)
- China (0.5K tons)
- Germany (0.2K tons)
- Taiwan (Chinese) (0.1K tons)
Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Thailand
In 2022, approx. 7.8K tons of lac; natural gums, resins, gum-resins and balsamses were imported into Thailand; with an increase of 79% against 2021 figures. Overall, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of lac; natural gums, resins, gum-resins and balsamses soared to $11M in 2022. In general, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sudan | 370 | 765 | 1,249 | 5,280 | 142.6% |
| France | 639 | 986 | 1,051 | 1,020 | 16.9% |
| Indonesia | 572 | 669 | 1,062 | 977 | 19.5% |
| Lao People's Democratic Republic | 699 | 590 | 726 | 859 | 7.1% |
| Chad | N/A | N/A | N/A | 459 | 0% |
| Cambodia | 299 | 91.9 | 149 | 322 | 2.5% |
| Italy | 64.8 | 95.2 | 123 | 264 | 59.7% |
| Others | 1,322 | 1,678 | 1,794 | 1,560 | 5.7% |
| Total | 3,967 | 4,876 | 6,154 | 10,741 | 39.4% |
Top Suppliers of Lac; Natural Gums, Resins, Gum-Resins and Balsams to Thailand in 2022:
- Sudan (3556.9 tons)
- Lao People's Democratic Republic (2470.3 tons)
- Indonesia (413.3 tons)
- Cambodia (323.7 tons)
- Chad (300.0 tons)
- France (286.8 tons)
- Italy (150.6 tons)
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