Gum Arabic Price in Sweden - 2023

Contents:

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

Gum Arabic Price in Sweden (CIF) - 2022

The average gum arabic import price stood at $4,802 per ton in 2022, reducing by -2.5% against the previous year. Over the period under review, the import price, however, enjoyed a notable increase. The pace of growth was the most pronounced in 2014 an increase of 104% against the previous year. The import price peaked at $11,336 per ton in 2016; however, from 2017 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 Germany ($7,818 per ton), while the price for France totaled $3,689 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sudan (+4.3%), while the prices for the other major suppliers experienced a decline.

Gum Arabic Price in Sweden (FOB) - 2022

The average gum arabic export price stood at $4,580 per ton in 2022, with a decrease of -20.4% against the previous year. In general, the export price, however, posted a notable expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 281%. The export price peaked at $12,546 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($5,950 per ton), while the average price for exports to Belgium ($3,774 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 Netherlands (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Gum Arabic Imports in Sweden

In 2022, gum arabic imports into Sweden rose notably to 123 tons, growing by 12% on 2021 figures. The total import volume increased at an average annual rate of +1.9% from 2019 to 2022; 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.

In value terms, gum arabic imports stood at $592K in 2022. The total import value increased at an average annual rate of +7.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 12%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Top Suppliers of Gum Arabic to Sweden in 2022:

1. France (90.5 tons)
2. Germany (28.7 tons)

Gum Arabic Exports in Sweden

In 2022, exports of gum arabics from Sweden soared to 3.6 tons, surging by 75% against the year before. Over the period under review, exports, however, recorded a sharp downturn. The pace of growth was the most pronounced in 2021 when exports increased by 190%.

In value terms, gum arabic exports skyrocketed to $16K in 2022. Overall, exports, however, faced a significant decrease. The pace of growth was the most pronounced in 2021 with an increase of 155% against the previous year.

Top Export Markets for Gum Arabic from Sweden in 2022:

1. Norway (2305.0 kg)
2. Denmark (503.0 kg)
3. Finland (376.0 kg)
4. Netherlands (243.0 kg)
5. Belgium (105.0 kg)

Source: IndexBox Market Intelligence Platform