Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Uruguay - 2022

Contents:

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

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

The average import price for lac; natural gums, resins, gum-resins and balsamses stood at $6,899 per ton in 2022, surging by 34% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 the UK ($18,503 per ton), while the price for Italy ($2,075 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+11.7%), 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 Uruguay (FOB) - 2022

The average export price for lac; natural gums, resins, gum-resins and balsamses stood at $1,214 per ton in 2022, with a decrease of -27.6% against the previous year. In general, the export price saw a noticeable downturn. The growth pace was the most rapid in 2013 an increase of 27% against the previous year. Over the period under review, the average export prices hit record highs at $2,191 per ton in 2014; however, from 2015 to 2022, the 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 Poland ($2,267 per ton), while the average price for exports to Brazil ($1,066 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 Spain (+30.2%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, approx. 30 tons of lac; natural gums, resins, gum-resins and balsamses were imported into Uruguay; reducing by -89.3% on 2021 figures. In general, imports saw a significant decline. The most prominent rate of growth was recorded in 2021 when imports increased by 56%. As a result, imports attained the peak of 279 tons, and then shrank rapidly in the following year.

In value terms, imports of lac; natural gums, resins, gum-resins and balsamses declined remarkably to $206K in 2022. Overall, imports saw a dramatic contraction. The pace of growth was the most pronounced in 2021 when imports increased by 49% against the previous year. As a result, imports attained the peak of $1.4M, and then fell notably in the following year.

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

1. Spain (6.3 tons)
2. United Kingdom (5.6 tons)
3. France (4.6 tons)
4. Germany (4.3 tons)
5. Argentina (2.8 tons)
6. India (2.6 tons)
7. Italy (2.2 tons)

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

In 2022, after two years of decline, there was significant growth in overseas shipments of lac; natural gums, resins, gum-resins and balsamses, when their volume increased by 104% to 167 tons. Overall, exports, however, continue to indicate a abrupt setback.

In value terms, exports of lac; natural gums, resins, gum-resins and balsamses soared to $203K in 2022. In general, exports, however, recorded a abrupt slump.

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

1. Brazil (107.7 tons)
2. Argentina (44.0 tons)
3. Poland (15.1 tons)

Source: IndexBox Market Intelligence Platform