Gum Arabic Price in Japan - 2023

Contents:

1. Gum Arabic Price in Japan (CIF) - 2023
2. Gum Arabic Price in Japan (FOB) - 2022
3. Gum Arabic Imports in Japan
4. Gum Arabic Exports in Japan

Gum Arabic Price in Japan (CIF) - 2023

In July 2023, the average gum arabic import price amounted to $5,246 per ton, picking up by 8.1% against the previous month. Overall, the import price continues to indicate a resilient expansion. The growth pace was the most rapid in February 2023 when the average import price increased by 30% against the previous month. Over the period under review, average import prices attained the peak figure in July 2023.

Average prices varied somewhat amongst the major supplying countries. In July 2023, the country with the highest price was India ($5,991 per ton), while the price for Sudan ($4,240 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Sudan (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Gum Arabic Price in Japan (FOB) - 2022

In 2022, the average gum arabic export price amounted to $7,360 per ton, declining by -2.4% against the previous year. Over the period under review, the export price continues to indicate a abrupt descent. The growth pace was the most rapid in 2019 an increase of 24%. Over the period under review, the average export prices reached the maximum at $16,022 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($26,447 per ton), while the average price for exports to Thailand ($4,847 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 China (+4.9%), while the prices for the other major destinations experienced a decline.

Gum Arabic Imports in Japan

After two years of decline, overseas purchases of gum arabics increased by 117% to 3.5K tons in 2022. Over the period under review, imports posted prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, gum arabic imports skyrocketed to $11M in 2022. In general, total imports indicated tangible growth from 2019 to 2022: its value increased at an average annual rate of +4.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Gum Arabic to Japan in 2022:

1. Sudan (2758.0 tons)
2. France (568.7 tons)
3. Mali (80.0 tons)
4. Germany (55.8 tons)
5. Chad (46.5 tons)

Gum Arabic Exports in Japan

In 2022, the amount of gum arabics exported from Japan shrank dramatically to 7.1 tons, declining by -43.1% on the previous year's figure. Overall, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2021 when exports increased by 55%. As a result, the exports reached the peak of 12 tons, and then reduced notably in the following year.

In value terms, gum arabic exports dropped sharply to $52K in 2022. In general, exports showed a sharp decrease. The most prominent rate of growth was recorded in 2021 with an increase of 2.8%.

Top Export Markets for Gum Arabic from Japan in 2022:

1. Thailand (3.5 tons)
2. Singapore (2.4 tons)
3. South Korea (0.7 tons)
4. Taiwan (Chinese) (0.3 tons)
5. China (0.2 tons)

Source: IndexBox Market Intelligence Platform