Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Bolivia - 2023

Contents:

1. Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Bolivia (CIF) - 2022
2. Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Bolivia (FOB) - 2022
3. Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Bolivia
4. Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Bolivia

Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Bolivia (CIF) - 2022

The average import price for lac; natural gums, resins, gum-resins and balsamses stood at $9,542 per ton in 2022, waning by -18.3% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 74%. Over the period under review, average import prices attained the peak figure at $14,597 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Thailand ($9,864 per ton), while the price for France ($3,480 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Bolivia (FOB) - 2022

The average export price for lac; natural gums, resins, gum-resins and balsamses stood at $11,707 per ton in 2022, jumping by 22% against the previous year. In general, the export price posted a buoyant increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 166% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to +17.2% per year.

Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Bolivia

In 2022, imports of lac; natural gums, resins, gum-resins and balsamses into Bolivia soared to 277 tons, picking up by 175% against 2021 figures. Overall, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of lac; natural gums, resins, gum-resins and balsamses soared to $2.6M in 2022. Over the period under review, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Lac; Natural Gums, Resins, Gum-Resins and Balsams to Bolivia in 2022:

1. India (257.2 tons)
2. Thailand (8.5 tons)
3. France (6.3 tons)
4. China (0.9 tons)

Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Bolivia

For the third consecutive year, Bolivia recorded decline in shipments abroad of lac; natural gums, resins, gum-resins and balsamses, which decreased by -13.8% to 280 kg in 2022. Over the period under review, exports faced a deep slump.

In value terms, exports of lac; natural gums, resins, gum-resins and balsamses expanded to $3.3K in 2022. The total export value increased at an average annual rate of +5.0% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 5%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Top Export Markets for Lac; Natural Gums, Resins, Gum-Resins and Balsams from Bolivia in 2022:

1. Spain (280.0 kg)

Source: IndexBox Market Intelligence Platform