What is the price of natural gum arabic per kilogram/pound in Somalia today?
The retail price range for Somalia natural gum arabic is between US$ 2.66 and US$ 4.57 per kilogram or between US$ 1.21 and US$ 2.07 per pound(lb). Click here to see today's exact prices of natural gum arabic in Somalia
The retail price range in Somali Shilling for natural gum arabic is between SOS 1,522.56 and SOS 2,610.10 per kilogram or between SOS 690.50 and SOS 1,183.72 per pound(lb) in Mogadishu and Kismayo.
Wholesale prices
In 2024, the approximate wholesale price range for Somalia natural gum arabic is between US$ 1.87 and US$ 3.20 per kilogram or between US$ 0.85 and US$ 1.45 per pound(lb).
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Somalia Natural Gum Arabic Export Prices - Historical, Trends and Prediction
The export price of Natural Gum Arabic from Somalia has seen a significant fluctuation over the last five years. In 2013, the price per kilogram was 2.30 US dollars, which dropped to 0.76 US dollars in 2014. In 2015, the price dropped to an all-time low of 0.01 US dollars. However, the price rose again in 2017 to 2.75 US dollars and then dropped to 0.05 US dollars in 2018. In 2019, the price rose to 3.80 US dollars and then dropped to 1.17 US dollars in 2020. The most recent data shows that the price per kilogram is 0.00 US dollars in 2021. Based on this data, it is predicted that the export price of Natural Gum Arabic from Somalia will be 0.50 US dollars in 2023 and 1.00 US dollars in 2024.Somalia Natural Gum Arabic Import Prices - Historical, Trends and Prediction
The import price of Natural Gum Arabic into Somalia over the last five years has been quite volatile. In 2013, the price was 2.30 US$ per kg, which dropped to 0.76 US$ per kg in 2014. In 2015, the price dropped to an all-time low of 0.01 US$ per kg. However, the price rose again in 2017 to 2.75 US$ per kg and then dropped to 0.05 US$ per kg in 2018. In 2019, the price rose to 3.80 US$ per kg and then dropped to 1.17 US$ per kg in 2020. The price remained at 0.00 US$ per kg in 2021. Based on the data, it is likely that the price of Natural Gum Arabic into Somalia will remain relatively stable in the next two years. We predict that the price will be around 1.17 US$ per kg in 2023 and 1.20 US$ per kg in 2024.Export values for Somalia natural gum arabic
The total values in export for natural gum arabic in Somalia were US$ 177, US$ 157 and US$ 8 in US dollar thousand for the years 2017, 2018 and 2019 in that order.
Prices of other produce in the Agro Commodities category in Somalia: Eggs, Wood Ear, Jelly Fungi Tremella, Coffee Husks & Skins, Coca leaf, Poppy Straw, Ephedra, Seaweed, Sugar Beet & Sugarcane.
See prices of natural gum arabic in other countries across Africa: Algeria natural gum arabic, Angola natural gum arabic, Botswana natural gum arabic, Burundi natural gum arabic, Cameroon natural gum arabic, Cape Verde natural gum arabic, Central African Republic natural gum arabic, Comoros natural gum arabic, DRC Congo natural gum arabic & Benin natural gum arabic.
Somalia natural gum arabic - Production, Exports, Imports, Seasons and HS Codes
In 2019 Somalia exported 5 tonnes of natural gum arabic. For the year 2019 alone, the demand for Somalia natural gum arabic (agro commodities category) has shrunk, recording a change of -97.354 % compared to the year 2018. Between 2017 and 2019, natural gum arabic's exports went down by -91.23 percent bringing Somalia US$0.01m for the year 2019. Somalia's natural gum arabic exports are classified as:
- Natural gum Arabic (HS code 130120)
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Somalia natural gum arabic export values
In 2019, Somalia sold natural gum arabic worth 0.01m USD, a decrease of -93.63% from 2018's total natural gum arabic export of 0.157m USD. The annual change in value of Somalia natural gum arabic between 2017 to 2018 was -11.299%.
The annual/yearly change in the volume of Somalia's natural gum arabic exports between 2017 and 2019 was -91.23 per cent compared to a variation of -97.354% in the period between 2018 and 2019.
Export markets for Somalia natural gum arabic ( in '000$ )
Somalia purchased 5 tonnes of natural gum arabic in 2019.