Ester Gums Price in Australia - 2023

Contents:

1. Ester Gums Price in Australia (CIF) - 2023
2. Ester Gums Price in Australia (FOB) - 2022
3. Ester Gums Imports in Australia
4. Ester Gums Exports in Australia

Ester Gums Price in Australia (CIF) - 2023

In July 2023, the average ester gums import price amounted to $2,069 per ton, waning by -26.8% against the previous month. Overall, the import price showed a abrupt downturn. The pace of growth was the most pronounced in October 2022 an increase of 52% against the previous month. Over the period under review, average import prices reached the maximum at $4,394 per ton in July 2022; however, from August 2022 to July 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was China ($2,109 per ton), while the price for New Zealand stood at $1,773 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the United States (-0.9%), while the prices for the other major suppliers experienced a decline.

Ester Gums Price in Australia (FOB) - 2022

In 2022, the average ester gums export price amounted to $6,637 per ton, with a decrease of -11.7% against the previous year. Overall, the export price, however, showed a pronounced increase. The growth pace was the most rapid in 2017 when the average export price increased by 7.7%. The export price peaked at $169,493 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($55,814 per ton), while the average price for exports to New Zealand ($6,553 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 India (+624.1%), while the prices for the other major destinations experienced more modest paces of growth.

Ester Gums Imports in Australia

Ester gums imports into Australia skyrocketed to 913 tons in 2022, picking up by 49% compared with the previous year's figure. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +6.7% 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 +61.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ester gums imports soared to $2.8M in 2022. In general, imports posted resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Ester Gums to Australia in 2022:

1. China (434.8 tons)
2. New Zealand (393.6 tons)
3. United States (59.9 tons)
4. Turkey (8.0 tons)

Ester Gums Exports in Australia

In 2022, the amount of ester gumses exported from Australia skyrocketed to 1.9 tons, increasing by 191% against the year before. Over the period under review, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 2,513%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, ester gums exports skyrocketed to $13K in 2022. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 1,317% against the previous year. As a result, the exports attained the peak of $20K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Top Export Markets for Ester Gums from Australia in 2022:

1. New Zealand (1870.0 kg)

Source: IndexBox Market Intelligence Platform