Gum Arabic Price in the Dominican Republic - 2023

Contents:

1. Gum Arabic Price in the Dominican Republic (CIF) - 2022
2. Gum Arabic Price in the Dominican Republic (FOB) - 2022
3. Gum Arabic Imports in the Dominican Republic
4. Gum Arabic Exports in the Dominican Republic

Gum Arabic Price in the Dominican Republic (CIF) - 2022

In 2022, the average gum arabic import price amounted to $7,192 per ton, remaining constant against the previous year. In general, the import price saw a buoyant expansion. The pace of growth was the most pronounced in 2016 when the average import price increased by 86%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain 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 Brazil ($33,820 per ton), while the price for the UK ($2,348 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+187.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Gum Arabic Price in the Dominican Republic (FOB) - 2022

In 2022, the average gum arabic export price amounted to $3,380 per ton, with a decrease of -9.6% against the previous year. Overall, the export price continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2015 when the average export price increased by 132%. The export price peaked at $35,866 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Cuba.

From 2012 to 2022, the rate of growth in terms of prices for Cuba amounted to -12.2% per year.

Gum Arabic Imports in the Dominican Republic

In 2022, after three years of growth, there was significant decline in purchases abroad of gum arabics, when their volume decreased by -20.6% to 1.8 tons. Over the period under review, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 66%. As a result, imports attained the peak of 2.3 tons, and then fell notably in the following year.

In value terms, gum arabic imports shrank rapidly to $13K in 2022. Overall, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 66%. As a result, imports attained the peak of $16K, and then declined notably in the following year.

Top Suppliers of Gum Arabic to the Dominican Republic in 2022:

1. Colombia (1249.0 kg)
2. United Kingdom (194.0 kg)
3. Germany (123.0 kg)
4. Spain (41.0 kg)
5. China (40.0 kg)
6. Brazil (35.0 kg)

Gum Arabic Exports in the Dominican Republic

Gum arabic exports from the Dominican Republic surged to 171 kg in 2022, with an increase of 18% on 2021 figures. Overall, exports, however, continue to indicate a dramatic setback.

In value terms, gum arabic exports expanded significantly to $578 in 2022. Over the period under review, exports, however, faced a abrupt decline.

Top Export Markets for Gum Arabic from the Dominican Republic in 2022:

1. Cuba (171.0 kg)

Source: IndexBox Market Intelligence Platform