What is the price of natural gum arabic per kilogram/pound in Turkey today?
The retail price range for Turkey natural gum arabic is between US$ 7.20 and US$ 20.17 per kilogram or between US$ 3.27 and US$ 9.15 per pound(lb). Click here to see today's exact prices of natural gum arabic in Turkey
The retail price range in Turkish Lira for natural gum arabic is between TRY 142.71 and TRY 399.57 per kilogram or between TRY 64.72 and TRY 181.21 per pound(lb) in Ankara and Istanbul.
Wholesale prices
In 2024, the approximate wholesale price range for Turkey natural gum arabic is between US$ 5.04 and US$ 14.12 per kilogram or between US$ 2.29 and US$ 6.40 per pound(lb).
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Turkey Natural Gum Arabic Export Prices - Historical, Trends and Prediction
The export price of Natural Gum Arabic from Turkey over the last five years has seen a steady decline. In 2017, the price was 3.52 US$ per kg, and in 2021 it had dropped to 3.04 US$ per kg. This represents a decrease of 13.7%. The lowest price was in 2020, when it was 3.08 US$ per kg. However, in 2018, the price rose to 4.41 US$ per kg, representing an increase of 43.3%. The current price is 3.25 US$ per kg. Based on this data, it is predicted that the export price of Natural Gum Arabic from Turkey in 2023 will be 3.17 US$ per kg, and in 2024 it will be 3.09 US$ per kg.Turkey Natural Gum Arabic Import Prices - Historical, Trends and Prediction
The import price of Natural Gum Arabic into Turkey has seen a steady decline over the past five years. In 2012, the price per kilogram was 6.06 US dollars, but by 2021, it had dropped to 3.04 US dollars. This represents a decrease of 49.8%. The lowest price was recorded in 2020, when the price per kilogram was 3.08 US dollars. Since then, the price has increased slightly to 3.25 US dollars in 2022. Looking ahead, it is likely that the price of Natural Gum Arabic will remain relatively stable in the next two years. Based on the data, we can predict that the price per kilogram in 2023 will be around 3.25 US dollars, and in 2024 it will be around 3.30 US dollars.Export values for Turkey natural gum arabic
The total values in export for natural gum arabic in Turkey were US$ 96, US$ 109, US$ 225 and US$ 218 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Agro Commodities category in Turkey: 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 Middle East: Bahrain natural gum arabic, Cyprus natural gum arabic, Iraq natural gum arabic, Israel natural gum arabic, Jordan natural gum arabic, Kuwait natural gum arabic, Lebanon natural gum arabic, Palestine natural gum arabic, Oman natural gum arabic & Qatar natural gum arabic.
Turkey natural gum arabic - Production, Exports, Imports, Seasons and HS Codes
The quantity of natural gum arabic shipped by Turkey in 2020 was 102 metric tonnes. In 2019 Turkey exported 57 tonnes of natural gum arabic. For 2019 alone, the demand for Turkey natural gum arabic (agro commodities category) has climbed, recording a change of 11.765 percent compared to the year 2018. Between 2017 and 2019, natural gum arabic's exports grew by 83.87 percent netting the nation US$0.22m for the year 2019. Turkey's natural gum arabic exports are classified as:
- Natural gum Arabic (HS code 130120)
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Turkey natural gum arabic export values
In 2019, Turkey shipped natural gum arabic with a value of 0.22m USD, a decrease of -2.22% from 2018's total natural gum arabic export of 0.225m USD. The yearly reduction in value of Turkey natural gum arabic between 2017 to 2018 was 106.422 pc.
The yearly change in the quantity of Turkey's natural gum arabic exports between 2017 and 2019 was 83.87 per cent in comparison to a variation of 11.765% in the period between 2018 and 2019.
Export markets for Turkey natural gum arabic ( in '000$ )
Turkey ordered 1,253 tonnes of natural gum arabic in 2019.