Gum Arabic Price in South Africa - 2023

Contents:

1. Gum Arabic Price in South Africa (CIF) - 2022
2. Gum Arabic Price in South Africa (FOB) - 2022
3. Gum Arabic Imports in South Africa
4. Gum Arabic Exports in South Africa

Gum Arabic Price in South Africa (CIF) - 2022

In 2022, the average gum arabic import price amounted to $4,406 per ton, which is down by -4.8% against the previous year. In general, the import price continues to indicate a mild decrease. The pace of growth appeared the most rapid in 2018 an increase of 9.6%. The import price peaked at $5,154 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($4,676 per ton), while the price for Italy ($2,370 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Gum Arabic Price in South Africa (FOB) - 2022

The average gum arabic export price stood at $2,615 per ton in 2022, with a decrease of -41.6% against the previous year. In general, the export price continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2018 when the average export price increased by 24% against the previous year. As a result, the export price attained the peak level of $5,875 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Zimbabwe ($7,440 per ton), while the average price for exports to China ($1,015 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 Zimbabwe (-1.5%), while the prices for the other major destinations experienced a decline.

Gum Arabic Imports in South Africa

In 2022, purchases abroad of gum arabics was finally on the rise to reach 739 tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +5.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. 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 $3.3M in 2022. The total import value increased at an average annual rate of +5.6% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Gum Arabic to South Africa in 2022:

1. France (492.1 tons)
2. Italy (73.3 tons)
3. Sudan (58.1 tons)
4. Germany (56.3 tons)
5. United Kingdom (49.7 tons)

Gum Arabic Exports in South Africa

In 2022, shipments abroad of gum arabics was finally on the rise to reach 79 tons after two years of decline. In general, exports, however, continue to indicate a significant decrease.

In value terms, gum arabic exports skyrocketed to $207K in 2022. Over the period under review, exports, however, recorded a dramatic curtailment.

Top Export Markets for Gum Arabic from South Africa in 2022:

1. China (26.2 tons)
2. Lithuania (24.1 tons)
3. Finland (14.0 tons)
4. Zambia (3.8 tons)
5. Indonesia (2.1 tons)
6. Saint Helena, Ascension and Tristan da Cunha (2.1 tons)
7. Zimbabwe (1.3 tons)
8. Namibia (1.1 tons)
9. Swaziland (0.9 tons)

Source: IndexBox Market Intelligence Platform