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

Contents:

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

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

The average import price for lac; natural gums, resins, gum-resins and balsamses stood at $4,936 per ton in 2022, falling by -15.5% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 43%. The import price peaked at $7,600 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 Bulgaria ($12,586 per ton), while the price for Egypt ($2,380 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for lac; natural gums, resins, gum-resins and balsamses amounted to $5,016 per ton, reducing by -16.4% against the previous year. Overall, the export price continues to indicate a deep contraction. The growth pace was the most rapid in 2014 when the average export price increased by 208%. As a result, the export price attained the peak level of $21,709 per ton. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($14,274 per ton), while the average price for exports to Moldova ($2,336 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 Denmark (+15.6%), while the prices for the other major destinations experienced mixed trend patterns.

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

After three years of growth, purchases abroad of lac; natural gums, resins, gum-resins and balsamses decreased by -8.7% to 164 tons in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +16.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 60% against the previous year.

In value terms, imports of lac; natural gums, resins, gum-resins and balsamses shrank markedly to $809K in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +8.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +26.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 34% against the previous year. As a result, imports attained the peak of $1M, and then shrank markedly in the following year.

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

1. Turkey (48.3 tons)
2. France (30.4 tons)
3. Italy (27.9 tons)
4. Germany (22.1 tons)
5. Greece (12.0 tons)
6. Poland (10.3 tons)
7. Egypt (3.0 tons)
8. United Kingdom (2.1 tons)
9. China (2.0 tons)

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

After two years of decline, overseas shipments of lac; natural gums, resins, gum-resins and balsamses increased by 18% to 5.1 tons in 2022. Overall, exports, however, continue to indicate a drastic downturn.

In value terms, exports of lac; natural gums, resins, gum-resins and balsamses fell slightly to $26K in 2022. In general, exports, however, recorded a dramatic contraction.

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

1. Moldova (2.4 tons)
2. Belarus (2.4 tons)
3. Ireland (0.2 tons)

Source: IndexBox Market Intelligence Platform