Ester Gums Price in Brazil - 2023

Contents:

1. Ester Gums Price in Brazil (CIF) - 2023
2. Ester Gums Price in Brazil (FOB) - 2022
3. Ester Gums Imports in Brazil
4. Ester Gums Exports in Brazil

Ester Gums Price in Brazil (CIF) - 2023

The average ester gums import price stood at $6,814 per ton in July 2023, with a decrease of -33.1% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 when the average import price increased by 184% against the previous month. The import price peaked at $10,188 per ton in June 2023, and then shrank dramatically in the following month.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Mexico ($11,448 per ton), while the price for Portugal ($3,018 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the United States (+21.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Ester Gums Price in Brazil (FOB) - 2022

The average ester gums export price stood at $2,103 per ton in 2022, with an increase of 36% against the previous year. Over the period under review, the export price, however, showed a pronounced contraction. The export price peaked at $2,812 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($2,308 per ton) and Pakistan ($2,274 per ton), while the average price for exports to Argentina ($1,696 per ton) and Turkey ($2,140 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.

Ester Gums Imports in Brazil

In 2022, ester gums imports into Brazil skyrocketed to 715 tons, growing by 75% on the year before. Over the period under review, imports, however, recorded a abrupt curtailment.

In value terms, ester gums imports soared to $3M in 2022. In general, imports saw strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Ester Gums to Brazil in 2022:

1. United States (554.4 tons)
2. Netherlands (65.4 tons)
3. Portugal (60.0 tons)
4. Italy (19.3 tons)
5. Mexico (11.7 tons)

Ester Gums Exports in Brazil

Ester gums exports from Brazil soared to 610 tons in 2022, jumping by 22% against 2021 figures. Over the period under review, exports, however, recorded a relatively flat trend pattern.

In value terms, ester gums exports surged to $1.3M in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +13.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Ester Gums from Brazil in 2022:

1. Pakistan (197.6 tons)
2. Turkey (174.0 tons)
3. Argentina (139.7 tons)
4. Chile (61.0 tons)
5. United States (36.0 tons)

Source: IndexBox Market Intelligence Platform