Gum Arabic Price in Uzbekistan - 2023
Contents:
- Gum Arabic Price in Uzbekistan (CIF) - 2022
- Gum Arabic Price in Uzbekistan (FOB) - 2022
- Gum Arabic Imports in Uzbekistan
- Gum Arabic Exports in Uzbekistan
Gum Arabic Price in Uzbekistan (CIF) - 2022
The average gum arabic import price stood at $3,652 per ton in 2022, growing by 8.4% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 14%. Over the period under review, average import prices reached the peak figure at $3,802 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Latvia ($6,757 per ton), while the price for China ($900 per ton) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Gum Arabic Price in Uzbekistan (FOB) - 2022
The average gum arabic export price stood at $6,016 per ton in 2022, flattening at the previous year. In general, the export price faced a dramatic setback. The most prominent rate of growth was recorded in 2020 when the average export price decreased by -14.2% against the previous year. Over the period under review, the average export prices hit record highs at $11,730 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Tajikistan.
From 2019 to 2022, the rate of growth in terms of prices for Indonesia amounted to -14.2% per year.
Gum Arabic Imports in Uzbekistan
In 2022, the amount of gum arabics imported into Uzbekistan soared to 39 tons, growing by 148% compared with the previous year. In general, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, gum arabic imports soared to $141K in 2022. Overall, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Gum Arabic in Uzbekistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 0.8 | 0.9 | 7.6 | 31.1 | 238.8% |
| France | 1.4 | 0.6 | 0.5 | 27.2 | 168.8% |
| Turkey | 15.6 | 9.0 | 15.0 | 25.1 | 17.2% |
| United Kingdom | 0.2 | 0.3 | 1.2 | 17.7 | 345.6% |
| Germany | 8.2 | 5.2 | 9.9 | 17.2 | 28.0% |
| Sudan | 7.1 | 2.7 | 2.4 | 10.3 | 13.2% |
| Russia | 3.2 | 1.6 | 4.9 | 10.3 | 47.6% |
| China | 1.3 | 0.7 | 3.7 | 1.8 | 11.5% |
| Lithuania | 3.5 | 2.3 | 4.6 | N/A | 14.6% |
| Others | 2.8 | 0.3 | 2.7 | 0.3 | -52.5% |
| Total | 44.1 | 23.6 | 52.4 | 141 | 47.3% |
Top Suppliers of Gum Arabic to Uzbekistan in 2022:
- France (8.7 tons)
- Turkey (7.5 tons)
- Sudan (5.0 tons)
- United Kingdom (5.0 tons)
- Latvia (4.6 tons)
- Germany (4.6 tons)
- China (2.0 tons)
- Russia (1.1 tons)
Gum Arabic Exports in Uzbekistan
In 2022, overseas shipments of gum arabics decreased by 0% to 500 kg, falling for the second consecutive year after two years of growth. Overall, exports recorded a resilient expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 117% against the previous year. As a result, the exports reached the peak of 650 kg. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, gum arabic exports totaled $3K in 2022. Over the period under review, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2020 with an increase of 86%. As a result, the exports reached the peak of $6.5K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Gum Arabic in Uzbekistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tajikistan | N/A | N/A | N/A | 3.0 | 0% |
| Indonesia | 3.5 | 6.5 | N/A | N/A | 85.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.5 | 6.5 | N/A | 3.0 | -5.0% |
Top Export Markets for Gum Arabic from Uzbekistan in 2022:
- Tajikistan (500.0 kg)
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