Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Belarus - 2022
Contents:
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Belarus (CIF) - 2022
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Belarus (FOB) - 2022
- Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Belarus
- Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Belarus
Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Belarus (CIF) - 2022
In 2022, the average import price for lac; natural gums, resins, gum-resins and balsamses amounted to $14,480 per ton, rising by 10% against the previous year. Over the last decade, it increased at an average annual rate of +4.1%. The pace of growth appeared the most rapid in 2017 when the average import price increased by 19% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($9,837 per ton), while the price for Lithuania ($6,652 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+7.4%), 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 Belarus (FOB) - 2022
The average export price for lac; natural gums, resins, gum-resins and balsamses stood at $3,303 per ton in 2022, picking up by 51% against the previous year. Over the period under review, the export price showed a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Russia.
From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +6.9% per year.
Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Belarus
In 2022, the amount of lac; natural gums, resins, gum-resins and balsamses imported into Belarus skyrocketed to 6.7 tons, growing by 22% against the year before. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +15.8% 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 increased by +55.4% against 2019 indices. As a result, imports reached 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 skyrocketed to $97K in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.4% 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 increased by +79.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 2.0 | 1.5 | 1.8 | 16.2 | 100.8% |
| Lithuania | 0.5 | 0.5 | 0.3 | 13.9 | 202.9% |
| India | 0.2 | 0.3 | 0.2 | 2.8 | 141.0% |
| Poland | 0.6 | 10.9 | 0.5 | 1.6 | 38.7% |
| Russia | 47.1 | 32.6 | 63.3 | N/A | 15.9% |
| Others | 3.9 | 17.1 | 6.7 | 62.8 | 152.5% |
| Total | 54.4 | 62.9 | 72.8 | 97.4 | 21.4% |
Top Suppliers of Lac; Natural Gums, Resins, Gum-Resins and Balsams to Belarus in 2022:
- Lithuania (2.1 tons)
- Romania (1.7 tons)
- India (0.3 tons)
- Poland (0.1 tons)
Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Belarus
Exports of lac; natural gums, resins, gum-resins and balsamses from Belarus contracted notably to 4.1 tons in 2022, with a decrease of -28.6% compared with the previous year. Overall, exports showed a sharp contraction. The smallest decline of -22.2% was in 2021.
In value terms, exports of lac; natural gums, resins, gum-resins and balsamses rose remarkably to $14K in 2022. In general, exports continue to indicate a sharp shrinkage. The growth pace was the most rapid in 2021 when exports increased by 8.9%.
| Export of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 6.1 | 11.6 | 5.8 | 13.7 | 31.0% |
| Vietnam | 20.9 | N/A | N/A | N/A | 0% |
| Ukraine | N/A | N/A | 6.8 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 27.0 | 11.6 | 12.6 | 13.7 | -20.2% |
Top Export Markets for Lac; Natural Gums, Resins, Gum-Resins and Balsams from Belarus in 2022:
- Russia (4.1 tons)
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