Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Serbia - 2023
Contents:
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Serbia (CIF) - 2022
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Serbia (FOB) - 2022
- Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Serbia
- Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Serbia
Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Serbia (CIF) - 2022
The average import price for lac; natural gums, resins, gum-resins and balsamses stood at $7,716 per ton in 2022, which is down by -2.4% against the previous year. Over the period under review, the import price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2014 an increase of 54% against the previous year. As a result, import price attained the peak level of $14,021 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($17,976 per ton), while the price for Sudan ($3,694 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+18.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Serbia (FOB) - 2022
In 2022, the average export price for lac; natural gums, resins, gum-resins and balsamses amounted to $11,926 per ton, increasing by 22% against the previous year. In general, the export price continues to indicate a resilient increase. The pace of growth was the most pronounced in 2020 an increase of 68% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($57,798 per ton), while the average price for exports to France ($5,000 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 Romania (+46.6%), 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 Serbia
Imports of lac; natural gums, resins, gum-resins and balsamses into Serbia skyrocketed to 64 tons in 2022, increasing by 76% against the previous year's figure. Over the period under review, imports enjoyed a significant expansion. 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 surged to $496K in 2022. In general, imports recorded a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Somalia | 0.2 | N/A | 2.0 | 292 | 1034.4% |
| France | 71.1 | 45.5 | 103 | 52.2 | -9.8% |
| Ethiopia | N/A | N/A | 6.8 | 31.3 | 360.3% |
| Sudan | 64.1 | 75.6 | 50.9 | 29.7 | -22.6% |
| Greece | 9.2 | 38.9 | 40.4 | 26.4 | 42.1% |
| Oman | N/A | N/A | 24.7 | 15.4 | -37.7% |
| United Arab Emirates | N/A | N/A | 14.4 | 13.0 | -9.7% |
| Italy | 10.4 | 3.0 | 2.5 | 7.3 | -11.1% |
| India | 42.5 | 2.6 | 1.2 | 2.1 | -63.3% |
| China | 5.3 | 13.4 | 18.0 | N/A | 84.3% |
| United Kingdom | 114 | 33.5 | N/A | N/A | -70.6% |
| Others | 22.8 | 28.6 | 24.5 | 26.3 | 4.9% |
| Total | 339 | 241 | 288 | 496 | 13.5% |
Top Suppliers of Lac; Natural Gums, Resins, Gum-Resins and Balsams to Serbia in 2022:
- Somalia (35.6 tons)
- Sudan (8.1 tons)
- Ethiopia (5.5 tons)
- Greece (4.4 tons)
- France (4.2 tons)
- United Arab Emirates (1.9 tons)
- Italy (1.8 tons)
- Oman (1.0 tons)
- India (0.1 tons)
Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Serbia
In 2022, the amount of lac; natural gums, resins, gum-resins and balsamses exported from Serbia contracted significantly to 2.5 tons, with a decrease of -35% compared with 2021 figures. Over the period under review, exports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 88%. As a result, the exports reached the peak of 3.8 tons, and then reduced markedly in the following year.
In value terms, exports of lac; natural gums, resins, gum-resins and balsamses shrank sharply to $30K in 2022. Overall, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 145%. As a result, the exports attained the peak of $37K, and then declined notably in the following year.
| Export of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | N/A | N/A | 14.3 | 0% |
| Bosnia and Herzegovina | 5.6 | 8.1 | 10.0 | 9.6 | 19.7% |
| North Macedonia | 4.2 | 2.7 | 1.2 | 4.2 | 0.0% |
| Montenegro | 1.6 | 0.4 | 0.2 | 0.7 | -24.1% |
| Bulgaria | 2.6 | N/A | N/A | N/A | 0% |
| Germany | N/A | 1.4 | 2.1 | N/A | 50.0% |
| Austria | N/A | N/A | 0.7 | N/A | 0% |
| France | N/A | N/A | 22.8 | N/A | 0% |
| Others | 0.1 | 2.6 | 0.4 | 0.9 | 108.0% |
| Total | 14.1 | 15.3 | 37.4 | 29.8 | 28.3% |
Top Export Markets for Lac; Natural Gums, Resins, Gum-Resins and Balsams from Serbia in 2022:
- Bosnia and Herzegovina (1295.0 kg)
- North Macedonia (720.0 kg)
- Russia (247.0 kg)
- Montenegro (148.0 kg)
- France (1.0 kg)
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