Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Spain - 2023
Contents:
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Spain (CIF) - 2022
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Spain (FOB) - 2022
- Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Spain
- Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Spain
Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Spain (CIF) - 2022
The average import price for lac; natural gums, resins, gum-resins and balsamses stood at $5,998 per ton in 2022, increasing by 25% against the previous year. Overall, the import price saw a resilient expansion. The pace of growth was the most pronounced in 2018 when the average import price increased by 117%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($14,764 per ton), while the price for Portugal ($1,383 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Somalia (+10.7%), 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 Spain (FOB) - 2022
The average export price for lac; natural gums, resins, gum-resins and balsamses stood at $4,688 per ton in 2022, with a decrease of -7.3% against the previous year. Over the period under review, the export price continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2018 when the average export price increased by 45%. The export price peaked at $8,475 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($19,632 per ton), while the average price for exports to Argentina ($2,343 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 (+3.9%), 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 Spain
In 2022, the amount of lac; natural gums, resins, gum-resins and balsamses imported into Spain reduced to 4K tons, shrinking by -8.1% compared with 2021 figures. Over the period under review, imports continue to indicate a deep reduction.
In value terms, imports of lac; natural gums, resins, gum-resins and balsamses expanded notably to $24M in 2022. The total import value increased at an average annual rate of +5.4% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. 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 Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 5.0 | 5.5 | 6.0 | 7.9 | 16.5% |
| Germany | 2.7 | 3.2 | 3.9 | 5.1 | 23.6% |
| Italy | 2.8 | 4.3 | 3.8 | 3.9 | 11.7% |
| Somalia | 1.9 | 2.3 | 3.1 | 1.1 | -16.7% |
| China | 1.0 | 1.1 | 0.7 | 1.0 | 0.0% |
| Brazil | 4.2 | 0.7 | 0.2 | 0.9 | -40.2% |
| India | 1.1 | 2.4 | 0.9 | 0.8 | -10.1% |
| Others | 1.6 | 2.2 | 2.2 | 3.1 | 24.7% |
| Total | 20.3 | 21.8 | 20.8 | 23.8 | 5.4% |
Top Suppliers of Lac; Natural Gums, Resins, Gum-Resins and Balsams to Spain in 2022:
- France (1373.9 tons)
- Italy (898.3 tons)
- Germany (886.4 tons)
- Brazil (326.6 tons)
- Somalia (92.8 tons)
- India (89.1 tons)
- China (68.2 tons)
Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Spain
In 2022, exports of lac; natural gums, resins, gum-resins and balsamses from Spain surged to 998 tons, growing by 16% against the year before. In general, exports enjoyed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 125% against the previous year. As a result, the exports reached the peak of 1.2K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of lac; natural gums, resins, gum-resins and balsamses expanded notably to $4.7M in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +76.4% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 68% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 699 | 724 | 385 | 1,241 | 21.1% |
| Portugal | 124 | 1,846 | 718 | 454 | 54.1% |
| Somalia | N/A | N/A | N/A | 369 | 0% |
| India | 277 | 267 | 398 | 313 | 4.2% |
| Chile | 177 | 260 | 426 | 267 | 14.7% |
| Mexico | 23.4 | 15.5 | 10.3 | 218 | 110.4% |
| Argentina | 169 | 229 | 577 | 215 | 8.4% |
| Others | 1,182 | 1,103 | 1,817 | 1,598 | 10.6% |
| Total | 2,651 | 4,446 | 4,332 | 4,676 | 20.8% |
Top Export Markets for Lac; Natural Gums, Resins, Gum-Resins and Balsams from Spain in 2022:
- France (434.4 tons)
- Portugal (179.6 tons)
- Chile (102.0 tons)
- Argentina (91.8 tons)
- Mexico (37.8 tons)
- Somalia (36.7 tons)
- India (15.9 tons)
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