Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Sudan - 2022

Contents:

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

Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Sudan (FOB) - 2022

The average export price for lac; natural gums, resins, gum-resins and balsamses stood at $1,571 per ton in 2022, with an increase of 4.9% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 15%. Over the period under review, the average export prices attained the maximum at $2,594 per ton in 2020; however, from 2021 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 the United States ($2,984 per ton), while the average price for exports to India ($786 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 the United States (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for lac; natural gums, resins, gum-resins and balsamses stood at $1,389 per ton in 2022, shrinking by -25.9% against the previous year. In general, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.3% 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 +54.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 48%. Over the period under review, average import prices hit record highs at $1,874 per ton in 2021, and then dropped remarkably in the following year.

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 United Arab Emirates ($9,585 per ton), while the price for China ($613 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+30.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, approx. 191K tons of lac; natural gums, resins, gum-resins and balsamses were exported from Sudan; with an increase of 54% against the year before. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 76%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of lac; natural gums, resins, gum-resins and balsamses soared to $300M in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +16.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.1% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. France (94.3K tons)
2. India (25.7K tons)
3. United States (19.4K tons)
4. Germany (9.6K tons)
5. United Kingdom (8.6K tons)
6. China (7.6K tons)
7. Ethiopia (7.0K tons)
8. Japan (4.4K tons)
9. United Arab Emirates (3.7K tons)

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

Imports of lac; natural gums, resins, gum-resins and balsamses into Sudan surged to 534 tons in 2022, picking up by 21% against the year before. Over the period under review, imports posted a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 153%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, imports of lac; natural gums, resins, gum-resins and balsamses reduced to $742K in 2022. Overall, imports enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 257% against the previous year. As a result, imports reached the peak of $829K, and then dropped in the following year.

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

1. Indonesia (297.4 tons)
2. Somalia (92.6 tons)
3. China (86.0 tons)
4. Saudi Arabia (29.9 tons)
5. United Kingdom (10.2 tons)
6. United Arab Emirates (9.4 tons)

Source: IndexBox Market Intelligence Platform