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

Contents:

1. Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Denmark (CIF) - 2023
2. Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Denmark (FOB) - 2022
3. Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Denmark
4. Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Denmark

Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Denmark (CIF) - 2023

The average import price for lac; natural gums, resins, gum-resins and balsamses stood at $5,239 per ton in October 2023, reducing by -11.1% against the previous month. Overall, the import price showed a mild descent. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 34% month-to-month. The import price peaked at $9,199 per ton in August 2023; however, from September 2023 to October 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was France ($5,075 per ton), while the price for Germany stood at $5,061 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by France (+0.4%).

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

The average export price for lac; natural gums, resins, gum-resins and balsamses stood at $20,704 per ton in 2022, picking up by 103% against the previous year. Overall, the export price, however, saw a perceptible curtailment. The export price peaked at $32,830 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($26,533 per ton), while the average price for exports to Hungary ($8,566 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 Hungary (+31.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, imports of lac; natural gums, resins, gum-resins and balsamses into Denmark contracted notably to 805 tons, shrinking by -29.9% on 2021. Over the period under review, imports saw a abrupt decline. The pace of growth was the most pronounced in 2021 when imports increased by 23%. As a result, imports reached the peak of 1.1K tons, and then reduced notably in the following year.

In value terms, imports of lac; natural gums, resins, gum-resins and balsamses declined remarkably to $4.4M in 2022. In general, total imports indicated a mild increase from 2019 to 2022: its value increased at an average annual rate of +1.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +10.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 62% against the previous year. As a result, imports attained the peak of $6.4M, and then declined remarkably in the following year.

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

1. France (452.4 tons)
2. Germany (205.0 tons)
3. United Kingdom (138.8 tons)
4. Ireland (0.8 tons)

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

For the third year in a row, Denmark recorded decline in shipments abroad of lac; natural gums, resins, gum-resins and balsamses, which decreased by -32.2% to 13 tons in 2022. Overall, exports faced a sharp descent. The smallest decline of -17.7% was in 2021.

In value terms, exports of lac; natural gums, resins, gum-resins and balsamses surged to $271K in 2022. In general, exports saw a dramatic shrinkage.

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

1. Sweden (6.3 tons)
2. Norway (1.4 tons)
3. Germany (1.3 tons)
4. Oman (1.1 tons)
5. Tunisia (0.8 tons)
6. France (0.5 tons)
7. Iceland (0.4 tons)
8. Hungary (0.3 tons)

Source: IndexBox Market Intelligence Platform