Gum Arabic Price in Brazil - 2023
Contents:
- Gum Arabic Price in Brazil (CIF) - 2023
- Gum Arabic Price in Brazil (FOB) - 2022
- Gum Arabic Imports in Brazil
- Gum Arabic Exports in Brazil
Gum Arabic Price in Brazil (CIF) - 2023
The average gum arabic import price stood at $4,328 per ton in July 2023, with an increase of 1.5% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +2.1%. The pace of growth was the most pronounced in March 2023 when the average import price increased by 42% against the previous month. Over the period under review, average import prices attained the maximum at $5,286 per ton in December 2022; however, from January 2023 to July 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for France.
From July 2022 to July 2023, the rate of growth in terms of prices for France amounted to +1.4% per month.
Gum Arabic Price in Brazil (FOB) - 2022
The average gum arabic export price stood at $15,712 per ton in 2022, increasing by 90% against the previous year. Over the period under review, the export price posted prominent growth. The pace of growth was the most pronounced in 2020 an increase of 194% against the previous year. Over the period under review, the average export prices attained the peak figure at $16,129 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($25,686 per ton), while the average price for exports to Germany ($2,723 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 (+29.7%), while the prices for the other major destinations experienced more modest paces of growth.
Gum Arabic Imports in Brazil
In 2022, gum arabic imports into Brazil reached 1.6K tons, increasing by 13% against the year before. The total import volume increased at an average annual rate of +8.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 17%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, gum arabic imports skyrocketed to $6.4M in 2022. Over the period under review, imports recorded 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 Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 3.3 | 3.2 | 3.6 | 5.6 | 19.3% |
| United States | 0.1 | 0.1 | 0.3 | 0.5 | 71.0% |
| Sudan | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Germany | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 3.7 | 3.4 | 4.1 | 6.4 | 20.0% |
Top Suppliers of Gum Arabic to Brazil in 2022:
- France (1446.1 tons)
- United States (100.2 tons)
- Germany (28.2 tons)
- Sudan (25.5 tons)
Gum Arabic Exports in Brazil
After two years of decline, overseas shipments of gum arabics increased by 60% to 7.5 tons in 2022. Over the period under review, exports, however, continue to indicate a precipitous decrease.
In value terms, gum arabic exports surged to $118K in 2022. Overall, exports, however, continue to indicate a drastic downturn.
| Export of Gum Arabic in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 3.9 | 3.6 | 13.8 | 36.4 | 110.5% |
| Indonesia | N/A | N/A | N/A | 33.7 | 0% |
| Spain | 2.1 | N/A | 2.4 | 19.0 | 108.4% |
| United States | 37.8 | 38.0 | 0.7 | 10.3 | -35.2% |
| Peru | 3.1 | 1.5 | 3.4 | 6.9 | 30.6% |
| Chile | N/A | N/A | N/A | 5.0 | 0% |
| Germany | 0.1 | 3.0 | 0.3 | 0.8 | 100.0% |
| Argentina | N/A | 52.0 | 11.9 | 0.2 | -93.8% |
| Uruguay | 123 | N/A | N/A | N/A | 0% |
| Others | 5.5 | 14.2 | 6.3 | 6.1 | 3.5% |
| Total | 176 | 112 | 38.9 | 118 | -12.5% |
Top Export Markets for Gum Arabic from Brazil in 2022:
- Indonesia (2650.0 kg)
- Colombia (1975.0 kg)
- United States (825.0 kg)
- Spain (740.0 kg)
- Chile (500.0 kg)
- Germany (304.0 kg)
- Peru (270.0 kg)
- Argentina (43.0 kg)
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