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

Contents:

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

Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in South Africa (CIF) - 2022

In 2022, the average import price for lac; natural gums, resins, gum-resins and balsamses amounted to $5,442 per ton, standing approx. at the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for lac; natural gums, resins, gum-resins and balsamses increased by +98.0% against 2016 indices. The growth pace was the most rapid in 2020 an increase of 29% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($13,404 per ton), while the price for Pakistan ($2,333 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.9%), 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 South Africa (FOB) - 2023

The average export price for lac; natural gums, resins, gum-resins and balsamses stood at $996 per ton in December 2023, surging by 7.7% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2023 an increase of 24% m-o-m. As a result, the export price reached the peak level of $1,442 per ton. From October 2023 to December 2023, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Namibia ($2,239 per ton), while the average price for exports to Vietnam ($839 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+2.4%), while the prices for the other major destinations experienced a decline.

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

In 2022, the amount of lac; natural gums, resins, gum-resins and balsamses imported into South Africa skyrocketed to 1.3K tons, picking up by 19% against the year before. Over the period under review, imports continue to indicate a relatively flat trend pattern. 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 skyrocketed to $7.3M in 2022. The total import value increased at an average annual rate of +10.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. France (500.7 tons)
2. India (302.1 tons)
3. China (201.7 tons)
4. Italy (76.5 tons)
5. Singapore (63.0 tons)
6. Germany (59.1 tons)
7. Sudan (58.1 tons)

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

In 2022, exports of lac; natural gums, resins, gum-resins and balsamses from South Africa surged to 2.1K tons, picking up by 29% on 2021 figures. Overall, exports, however, continue to indicate a perceptible setback.

In value terms, exports of lac; natural gums, resins, gum-resins and balsamses soared to $2.8M in 2022. Over the period under review, exports, however, continue to indicate a deep downturn.

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

1. Vietnam (739.9 tons)
2. China (575.2 tons)
3. Lithuania (263.5 tons)
4. Portugal (179.7 tons)
5. Namibia (132.4 tons)
6. United Arab Emirates (45.0 tons)
7. Swaziland (14.6 tons)

Source: IndexBox Market Intelligence Platform