Gum Arabic Price in Bolivia - 2023

Contents:

1. Gum Arabic Price in Bolivia (CIF) - 2022
2. Gum Arabic Imports in Bolivia

Gum Arabic Price in Bolivia (CIF) - 2022

In 2022, the average gum arabic import price amounted to $3,516 per ton, reducing by -21.7% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 20%. The import price peaked at $4,869 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Argentina ($3,480 per ton), while the price for India ($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 Argentina (-0.1%), while the prices for the other major suppliers experienced a decline.

Gum Arabic Imports in Bolivia

In 2022, imports of gum arabics into Bolivia skyrocketed to 16 tons, with an increase of 139% compared with 2021. Overall, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, gum arabic imports surged to $58K in 2022. Over the period under review, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Gum Arabic to Bolivia in 2022:

1. India (6.4 tons)
2. France (6.3 tons)
3. Argentina (3.6 tons)
4. China (0.1 tons)

Source: IndexBox Market Intelligence Platform