Gum Arabic Price in Portugal - 2023

Contents:

1. Gum Arabic Price in Portugal (CIF) - 2022
2. Gum Arabic Price in Portugal (FOB) - 2022
3. Gum Arabic Imports in Portugal
4. Gum Arabic Exports in Portugal

Gum Arabic Price in Portugal (CIF) - 2022

In 2022, the average gum arabic import price amounted to $2,888 per ton, reducing by -2.7% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 15% against the previous year. Over the period under review, average import prices hit record highs at $3,132 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 Germany ($3,615 per ton) and Spain ($3,593 per ton), while the price for France ($2,678 per ton) and Italy ($2,918 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.9%), while the prices for the other major suppliers experienced a decline.

Gum Arabic Price in Portugal (FOB) - 2022

In 2022, the average gum arabic export price amounted to $6,007 per ton, dropping by -3.5% against the previous year. Overall, the export price continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2013 when the average export price increased by 74%. As a result, the export price attained the peak level of $11,753 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 export markets. In 2022, amid the top suppliers, the country with the highest price was Morocco ($10,727 per ton), while the average price for exports to Spain ($5,689 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 Uruguay (+40.7%), while the prices for the other major destinations experienced more modest paces of growth.

Gum Arabic Imports in Portugal

In 2022, approx. 881 tons of gum arabics were imported into Portugal; declining by -4.4% compared with the previous year's figure. In general, imports showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 12% against the previous year.

In value terms, gum arabic imports fell to $2.5M in 2022. Overall, imports showed a pronounced decline. The most prominent rate of growth was recorded in 2021 when imports increased by 12% against the previous year.

Top Suppliers of Gum Arabic to Portugal in 2022:

1. Italy (512.0 tons)
2. France (299.7 tons)
3. Spain (40.8 tons)
4. Germany (27.2 tons)

Gum Arabic Exports in Portugal

Gum arabic exports from Portugal surged to 7.2 tons in 2022, picking up by 165% compared with 2021. Over the period under review, exports, however, continue to indicate a slight descent.

In value terms, gum arabic exports skyrocketed to $43K in 2022. In general, exports posted prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Gum Arabic from Portugal in 2022:

1. Angola (4.3 tons)
2. Spain (2.5 tons)
3. Morocco (0.3 tons)

Source: IndexBox Market Intelligence Platform