Ester Gums Price in Luxembourg - 2023
Contents:
Ester Gums Price in Luxembourg (CIF) - 2023
The average ester gums import price stood at $2,017 per ton in May 2023, remaining constant against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.5%. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 8.4% against the previous month. Over the period under review, average import prices hit record highs at $2,026 per ton in April 2023, and then declined slightly in the following month.
Average prices varied noticeably amongst the major supplying countries. In May 2023, the country with the highest price was the Netherlands ($2,024 per ton), while the price for France totaled $1,986 per ton.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by France (+2.8%).
Ester Gums Imports in Luxembourg
In 2022, the amount of ester gumses imported into Luxembourg expanded markedly to 4.6K tons, surging by 8.1% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, ester gums imports surged to $7.9M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +9.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Ester Gums in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 4.5 | 4.6 | 4.4 | 6.3 | 11.9% |
| France | 1.5 | 1.1 | 1.2 | 1.6 | 2.2% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 6.0 | 5.7 | 5.6 | 7.9 | 9.6% |
Top Suppliers of Ester Gums to Luxembourg in 2022:
- Netherlands (3.6K tons)
- France (1.0K tons)
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