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

Contents:

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

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

In November 2023, the average import price for lac; natural gums, resins, gum-resins and balsamses amounted to $5,196 per ton, picking up by 7.5% against the previous month. Over the period under review, import price indicated a perceptible expansion from November 2022 to November 2023: its price increased at an average monthly rate of +4.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for lac; natural gums, resins, gum-resins and balsamses increased by +19.3% against September 2023 indices. The pace of growth appeared the most rapid in December 2022 an increase of 58% against the previous month. The import price peaked at $7,120 per ton in May 2023; however, from June 2023 to November 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was India ($8,789 per ton), while the price for Indonesia ($3,014 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Sudan (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for lac; natural gums, resins, gum-resins and balsamses amounted to $23,138 per ton, dropping by -6.5% against the previous year. Over the period under review, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for lac; natural gums, resins, gum-resins and balsamses decreased by -26.0% against 2020 indices. The most prominent rate of growth was recorded in 2019 an increase of 42%. The export price peaked at $31,258 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($60,054 per ton), while the average price for exports to Thailand ($5,920 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 China (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, after two years of decline, there was significant growth in supplies from abroad of lac; natural gums, resins, gum-resins and balsamses, when their volume increased by 78% to 4K tons. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +5.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of lac; natural gums, resins, gum-resins and balsamses surged to $15M in 2022. The total import value increased at an average annual rate of +5.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Sudan (2758.2 tons)
2. France (568.7 tons)
3. India (205.1 tons)
4. Thailand (140.3 tons)
5. Indonesia (101.5 tons)
6. Mali (80.0 tons)

Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Japan

Exports of lac; natural gums, resins, gum-resins and balsamses from Japan fell sharply to 17 tons in 2022, which is down by -24.5% on the year before. Overall, exports showed a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. As a result, the exports reached the peak of 22 tons, and then fell notably in the following year.

In value terms, exports of lac; natural gums, resins, gum-resins and balsamses shrank remarkably to $393K in 2022. In general, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 21%. As a result, the exports reached the peak of $596K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Lac; Natural Gums, Resins, Gum-Resins and Balsams from Japan in 2022:

1. Philippines (4.8 tons)
2. Thailand (3.6 tons)
3. Singapore (2.5 tons)
4. South Korea (2.2 tons)
5. Taiwan (Chinese) (1.6 tons)
6. Indonesia (0.8 tons)
7. China (0.6 tons)

Source: IndexBox Market Intelligence Platform