Gum Arabic Price in Poland - 2023

Contents:

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

Gum Arabic Price in Poland (CIF) - 2023

In June 2023, the average gum arabic import price amounted to $4,500 per ton, rising by 19% against the previous month. Over the period under review, import price indicated a noticeable expansion from June 2022 to June 2023: its price increased at an average monthly rate of +3.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, gum arabic import price increased by +67.1% against August 2022 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was France ($4,188 per ton), while the price for Germany totaled $3,566 per ton.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Ireland (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Gum Arabic Price in Poland (FOB) - 2022

The average gum arabic export price stood at $3,786 per ton in 2022, growing by 4.1% against the previous year. Over the period under review, the export price, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 28% against the previous year. The export price peaked at $8,206 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($7,679 per ton), while the average price for exports to Georgia ($2,584 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 Switzerland (+23.9%), while the prices for the other major destinations experienced mixed trend patterns.

Gum Arabic Imports in Poland

In 2022, gum arabic imports into Poland rose remarkably to 2.1K tons, surging by 9% against 2021 figures. The total import volume increased at an average annual rate of +8.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 22% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, gum arabic imports surged to $6.4M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +16.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Gum Arabic to Poland in 2022:

1. France (1564.4 tons)
2. Ireland (185.1 tons)
3. Sudan (156.5 tons)
4. Germany (101.1 tons)
5. United Kingdom (43.1 tons)

Gum Arabic Exports in Poland

Gum arabic exports from Poland totaled 229 tons in 2022, rising by 3.5% against the previous year's figure. In general, exports showed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 463% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, gum arabic exports rose significantly to $867K in 2022. Overall, exports saw significant growth. The growth pace was the most rapid in 2021 when exports increased by 165%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Top Export Markets for Gum Arabic from Poland in 2022:

1. Russia (145.2 tons)
2. United Kingdom (40.5 tons)
3. Switzerland (19.1 tons)
4. Georgia (18.8 tons)

Source: IndexBox Market Intelligence Platform