Gum Arabic Price in Egypt - 2023

Contents:

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

Gum Arabic Price in Egypt (CIF) - 2022

In 2021, the average gum arabic import price amounted to $3,147 per ton, reducing by -4.4% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 56% against the previous year. As a result, import price attained the peak level of $4,626 per ton. From 2018 to 2021, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Sudan ($3,147 per ton), while the price for Germany ($3,147 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sudan (+9.5%), while the prices for the other major suppliers experienced a decline.

Gum Arabic Price in Egypt (FOB) - 2022

In 2021, the average gum arabic export price amounted to $3,701 per ton, approximately mirroring the previous year. In general, the export price recorded a mild descent. The pace of growth was the most pronounced in 2016 an increase of 216%. Over the period under review, the average export prices hit record highs at $4,104 per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Ecuador ($3,701 per ton), while the average price for exports to Malaysia totaled $3,700 per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Zambia (+4.1%).

Gum Arabic Imports in Egypt

For the third consecutive year, Egypt recorded decline in purchases abroad of gum arabics, which decreased by -12.5% to 146 tons in 2022. Overall, imports faced a sharp decline.

In value terms, gum arabic imports fell slightly to $508K in 2022. Over the period under review, imports saw a precipitous contraction.

Top Suppliers of Gum Arabic to Egypt in 2022:

1. France (145.3 tons)
2. Sudan (18.1 tons)
3. Germany (3.2 tons)

Gum Arabic Exports in Egypt

In 2022, approx. 1.8K tons of gum arabics were exported from Egypt; growing by 11,116% compared with 2021. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 24,100% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, gum arabic exports soared to $4.8M in 2022. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 23,998%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Gum Arabic from Egypt in 2022:

1. Malaysia (9.8 tons)
2. Ecuador (6.4 tons)

Source: IndexBox Market Intelligence Platform