Ester Gums Price in Sweden - 2023
Contents:
- Ester Gums Price in Sweden (FOB) - 2023
- Ester Gums Price in Sweden (CIF) - 2023
- Ester Gums Exports in Sweden
- Ester Gums Imports in Sweden
Ester Gums Price in Sweden (FOB) - 2023
In June 2023, the average ester gums export price amounted to $2,552 per ton, increasing by 2.6% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 8.1% m-o-m. The export price peaked at $2,838 per ton in December 2022; however, from January 2023 to June 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was China ($4,062 per ton), while the average price for exports to India ($2,048 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.
Ester Gums Price in Sweden (CIF) - 2023
The average ester gums import price stood at $2,705 per ton in May 2023, rising by 4.4% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.8%. The pace of growth appeared the most rapid in June 2022 when the average import price increased by 26% month-to-month. The import price peaked at $3,455 per ton in January 2023; however, from February 2023 to May 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was the Netherlands ($4,516 per ton), while the price for France ($2,523 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Denmark (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Ester Gums Exports in Sweden
After three years of growth, shipments abroad of ester gumses decreased by -8.5% to 27K tons in 2022. The total export volume increased at an average annual rate of +4.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 15% against the previous year. As a result, the exports reached the peak of 29K tons, and then contracted in the following year.
In value terms, ester gums exports surged to $68M in 2022. In general, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.8% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Ester Gums in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 6.0 | 8.0 | 9.3 | 13.2 | 30.1% |
| Germany | 9.7 | 10.0 | 11.5 | 11.9 | 7.1% |
| Italy | 6.7 | 5.8 | 7.8 | 9.2 | 11.1% |
| United States | 1.0 | 0.6 | 0.8 | 8.0 | 100.0% |
| India | 4.2 | 4.6 | 3.4 | 6.1 | 13.2% |
| United Kingdom | 3.0 | 2.6 | 3.8 | 3.9 | 9.1% |
| Turkey | 2.0 | 1.6 | 1.7 | 2.4 | 6.3% |
| Norway | 0.5 | 1.3 | 1.5 | 2.4 | 68.7% |
| Spain | 0.7 | 0.4 | 1.1 | 1.6 | 31.7% |
| China | 0.3 | 0.2 | 0.9 | 1.4 | 67.1% |
| Russia | 1.1 | 1.2 | 1.4 | 1.4 | 8.4% |
| Poland | 0.7 | 0.5 | 1.0 | 1.2 | 19.7% |
| Others | 3.3 | 3.0 | 5.7 | 5.1 | 15.6% |
| Total | 39.2 | 39.8 | 49.9 | 67.7 | 20.0% |
Top Export Markets for Ester Gums from Sweden in 2022:
- Germany (5.3K tons)
- France (5.0K tons)
- Italy (3.7K tons)
- India (2.5K tons)
- United States (2.2K tons)
- United Kingdom (1.8K tons)
- Turkey (0.9K tons)
- Norway (0.9K tons)
- Spain (0.6K tons)
- Poland (0.5K tons)
- China (0.5K tons)
- Russia (0.5K tons)
Ester Gums Imports in Sweden
In 2022, supplies from abroad of ester gumses decreased by -10.4% to 3.4K tons, falling for the second year in a row after two years of growth. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +19.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -14.6% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 98% against the previous year. As a result, imports attained the peak of 3.9K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, ester gums imports surged to $9.8M in 2022. Overall, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 77%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Ester Gums in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | N/A | N/A | 0.1 | 4.1 | 4000.0% |
| Belgium | 1.2 | 1.6 | 1.8 | 1.6 | 10.1% |
| Portugal | 1.2 | 1.4 | 0.7 | 1.2 | 0.0% |
| Denmark | 0.7 | 3.2 | 3.9 | 1.2 | 19.7% |
| Netherlands | 0.3 | 1.1 | 1.4 | 1.0 | 49.4% |
| Germany | 0.6 | 0.1 | 0.2 | 0.4 | -12.6% |
| Others | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Total | 4.2 | 7.5 | 8.3 | 9.8 | 32.6% |
Top Suppliers of Ester Gums to Sweden in 2022:
- France (1662.1 tons)
- Denmark (444.5 tons)
- Belgium (442.7 tons)
- Portugal (384.7 tons)
- Netherlands (253.1 tons)
- Germany (104.3 tons)
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