Gum Arabic Price in the United States - 2023
Contents:
- Gum Arabic Price in the United States (CIF) - 2023
- Gum Arabic Price in the United States (FOB) - 2023
- Gum Arabic Imports in the United States
- Gum Arabic Exports in the United States
Gum Arabic Price in the United States (CIF) - 2023
The average gum arabic import price stood at $3,014 per ton in August 2023, dropping by -11.7% against the previous month. Overall, the import price saw a noticeable contraction. The pace of growth was the most pronounced in January 2023 an increase of 41% month-to-month. The import price peaked at $4,401 per ton in June 2023; however, from July 2023 to August 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($6,142 per ton), while the price for Sudan ($637 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 Germany (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Gum Arabic Price in the United States (FOB) - 2023
The average gum arabic export price stood at $5,606 per ton in August 2023, with an increase of 17% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in November 2022 when the average export price increased by 20% month-to-month. Over the period under review, the average export prices hit record highs in August 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Brazil ($19,084 per ton), while the average price for exports to Argentina ($3,520 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.
Gum Arabic Imports in the United States
For the fourth year in a row, the United States recorded growth in purchases abroad of gum arabics, which increased by 52% to 31K tons in 2022. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 62%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, gum arabic imports skyrocketed to $100M in 2022. Overall, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 68%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.
| Import of Gum Arabic in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 12.0 | 32.7 | 34.6 | 48.8 | 59.6% |
| Sudan | 7.1 | 9.8 | 18.0 | 36.5 | 72.6% |
| Chad | 4.8 | 3.1 | 3.4 | 4.3 | -3.6% |
| United Kingdom | 4.7 | 4.1 | 2.9 | 4.1 | -4.5% |
| Germany | 2.0 | 1.9 | 1.8 | 2.2 | 3.2% |
| Thailand | N/A | N/A | 0.7 | 2.0 | 185.7% |
| Others | 0.9 | 1.2 | 1.2 | 1.8 | 26.0% |
| Total | 31.4 | 52.8 | 62.6 | 99.7 | 47.0% |
Top Suppliers of Gum Arabic to the United States in 2022:
- France (13.2K tons)
- Sudan (12.0K tons)
- Chad (3.2K tons)
- United Kingdom (1.0K tons)
- Thailand (0.6K tons)
- Germany (0.5K tons)
Gum Arabic Exports in the United States
In 2022, the amount of gum arabics exported from the United States skyrocketed to 2.4K tons, jumping by 23% compared with 2021. Overall, exports, however, recorded a relatively flat trend pattern.
In value terms, gum arabic exports skyrocketed to $12M in 2022. In general, total exports indicated a perceptible expansion from 2019 to 2022: its value increased at an average annual rate of +3.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 34% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Export of Gum Arabic in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 2,251 | 2,147 | 3,397 | 4,108 | 22.2% |
| Mexico | 1,578 | 1,042 | 1,521 | 1,838 | 5.2% |
| China | 640 | 167 | 358 | 990 | 15.7% |
| Netherlands | 419 | 532 | 571 | 586 | 11.8% |
| Costa Rica | 204 | 45.4 | N/A | 476 | 32.6% |
| Swaziland | 234 | N/A | 137 | 473 | 26.4% |
| Argentina | 156 | 103 | 101 | 410 | 38.0% |
| Australia | 220 | 44.5 | 326 | 385 | 20.5% |
| Brazil | 109 | 151 | 438 | 383 | 52.0% |
| Chile | 130 | 281 | 274 | 378 | 42.7% |
| Uruguay | 1,003 | 660 | 956 | 345 | -29.9% |
| Ireland | 811 | 176 | 150 | 345 | -24.8% |
| Singapore | 370 | N/A | 85.6 | 342 | -2.6% |
| Others | 2,880 | 1,819 | 1,307 | 1,053 | -28.5% |
| Total | 11,006 | 7,169 | 9,621 | 12,112 | 3.2% |
Top Export Markets for Gum Arabic from the United States in 2022:
- Canada (725.6 tons)
- Mexico (361.7 tons)
- China (246.3 tons)
- Argentina (110.5 tons)
- Swaziland (107.8 tons)
- Costa Rica (100.3 tons)
- Brazil (91.2 tons)
- Netherlands (82.9 tons)
- Singapore (79.8 tons)
- Ireland (74.5 tons)
- Chile (72.9 tons)
- Uruguay (56.9 tons)
- Australia (56.6 tons)
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