Gum Arabic Price in Switzerland - 2023
Contents:
- Gum Arabic Price in Switzerland (CIF) - 2023
- Gum Arabic Price in Switzerland (FOB) - 2022
- Gum Arabic Imports in Switzerland
- Gum Arabic Exports in Switzerland
Gum Arabic Price in Switzerland (CIF) - 2023
In August 2023, the average gum arabic import price amounted to $5,062 per ton, picking up by 9.9% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in November 2022 an increase of 32% against the previous month. Over the period under review, average import prices reached the maximum at $5,120 per ton in June 2023; afterwards, it flattened through to August 2023.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($15,039 per ton), while the price for France ($4,608 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the UK (+9.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Gum Arabic Price in Switzerland (FOB) - 2022
The average gum arabic export price stood at $7,759 per ton in 2022, reducing by -31.7% against the previous year. Over the period under review, the export price, however, continues to indicate a measured increase. The pace of growth appeared the most rapid in 2018 an increase of 199%. The export price peaked at $13,140 per ton in 2020; however, from 2021 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 Germany ($9,895 per ton), while the average price for exports to the Netherlands ($2,482 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 France (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.
Gum Arabic Imports in Switzerland
In 2022, approx. 1.8K tons of gum arabics were imported into Switzerland; growing by 23% against 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern.
In value terms, gum arabic imports soared to $6.3M in 2022. Overall, imports saw a relatively flat trend pattern.
| Import of Gum Arabic in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 4.3 | 3.8 | 3.6 | 4.6 | 2.3% |
| Germany | 1.7 | 2.4 | 1.4 | 1.5 | -4.1% |
| Sudan | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| United Kingdom | 0.2 | 0.5 | 0.1 | N/A | -29.3% |
| Others | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Total | 6.3 | 6.7 | 5.3 | 6.3 | 0.0% |
Top Suppliers of Gum Arabic to Switzerland in 2022:
- France (1352.3 tons)
- Germany (341.3 tons)
- Sudan (32.8 tons)
- United Kingdom (5.4 tons)
Gum Arabic Exports in Switzerland
Gum arabic exports from Switzerland soared to 100 tons in 2022, picking up by 988% on the year before. Overall, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, gum arabic exports surged to $772K in 2022. In general, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Gum Arabic in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 86.7 | 31.3 | 11.2 | 522 | 81.9% |
| Germany | 23.9 | 43.4 | 34.9 | 70.5 | 43.4% |
| United Kingdom | 0.4 | 1.2 | 8.0 | 48.5 | 394.9% |
| United States | 11.5 | 29.7 | 14.5 | 37.6 | 48.4% |
| Belgium | N/A | N/A | N/A | 36.0 | 0% |
| Italy | N/A | 44.8 | 6.6 | 8.8 | -55.7% |
| Others | 37.8 | 83.9 | 28.8 | 49.1 | 9.1% |
| Total | 160 | 234 | 104 | 772 | 69.0% |
Top Export Markets for Gum Arabic from Switzerland in 2022:
- France (67.2 tons)
- United Kingdom (11.9 tons)
- Germany (7.1 tons)
- United States (5.2 tons)
- Belgium (3.8 tons)
- Italy (1.3 tons)
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