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

Contents:

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

Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Uzbekistan (FOB) - 2023

The average export price for lac; natural gums, resins, gum-resins and balsamses stood at $59,871 per ton in November 2023, with an increase of 50% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 111% m-o-m. As a result, the export price reached the peak level of $126K per ton. From January 2023 to November 2023, the the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From November 2022 to November 2023, the rate of growth in terms of prices for Afghanistan amounted to +7.7% per month.

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

The average import price for lac; natural gums, resins, gum-resins and balsamses stood at $4,480 per ton in 2022, approximately mirroring the previous year. In general, import price indicated a prominent expansion from 2017 to 2022: its price increased at an average annual rate of +5.8% over the last five years. 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 +59.3% against 2018 indices. The pace of growth was the most pronounced in 2020 an increase of 29%. Over the period under review, average import prices reached the maximum at $4,489 per ton in 2021, and then reduced slightly 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 Latvia ($8,410 per ton), while the price for China ($1,492 per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+28.3%), 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 Uzbekistan

Exports of lac; natural gums, resins, gum-resins and balsamses from Uzbekistan shrank to 135 tons in 2022, with a decrease of -6.8% on the previous year's figure. In general, exports saw a precipitous shrinkage.

In value terms, exports of lac; natural gums, resins, gum-resins and balsamses soared to $11M in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +11.3% 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 +70.1% 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 Uzbekistan in 2022:

1. India (113.4 tons)
2. Afghanistan (20.9 tons)

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

Imports of lac; natural gums, resins, gum-resins and balsamses into Uzbekistan surged to 50 tons in 2022, growing by 109% compared with 2021. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 152%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, imports of lac; natural gums, resins, gum-resins and balsamses surged to $224K in 2022. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 182% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the near future.

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

1. France (8.7 tons)
2. Turkey (7.6 tons)
3. Latvia (5.6 tons)
4. Sudan (5.0 tons)
5. Mongolia (5.0 tons)
6. United Kingdom (5.0 tons)
7. Germany (4.6 tons)
8. China (4.3 tons)
9. Malaysia (1.9 tons)
10. Russia (1.9 tons)

Source: IndexBox Market Intelligence Platform