Gum Arabic Price in Nepal - 2021

Gum Arabic Price in Nepal (CIF) - 2022

In 2022, the average gum arabic import price amounted to $1,625 per ton, approximately mirroring the previous year. Overall, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, gum arabic import price increased by +67.3% against 2016 indices. The pace of growth appeared the most rapid in 2017 an increase of 37%. The import price peaked at $1,878 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Pakistan amounted to +4.2% per year.

Gum Arabic Imports in Nepal

In 2022, the amount of gum arabics imported into Nepal reduced markedly to 47 tons, which is down by -46.5% on the year before. Overall, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 40% against the previous year. As a result, imports attained the peak of 87 tons, and then declined notably in the following year.

In value terms, gum arabic imports declined sharply to $76K in 2022. Over the period under review, imports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 when imports increased by 44%. As a result, imports attained the peak of $141K, and then contracted rapidly in the following year.