Price for Mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable products in Australia - 2023

Contents:

  1. Price for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Australia (CIF) - 2022
  2. Price for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Australia (FOB) - 2022
  3. Imports of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Australia
  4. Exports of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Australia

Price for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Australia (CIF) - 2022

The average import price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses stood at $23,392 per ton in 2022, with an increase of 2.6% against the previous year. Overall, the import price saw a resilient increase. The growth pace was the most rapid in 2016 an increase of 72%. The import price peaked at $23,531 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Portugal ($146,061 per ton), while the price for Taiwan (Chinese) ($3,290 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+33.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Australia (FOB) - 2022

In 2022, the average export price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses amounted to $10,010 per ton, shrinking by -54% against the previous year. Over the period under review, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2020 when the average export price increased by 43%. The export price peaked at $68,118 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the Philippines.

From 2012 to 2022, the rate of growth in terms of prices for New Zealand amounted to -9.6% per year.

Imports of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Australia

For the third consecutive year, Australia recorded decline in overseas purchases of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses, which decreased by -6.5% to 41 tons in 2022. Over the period under review, imports recorded a abrupt slump.

In value terms, imports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses shrank to $962K in 2022. In general, imports continue to indicate a deep setback.

Import of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Australia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Thailand2372572022481.5%
China263211162159-15.4%
Italy124163210118-1.6%
Spain12283.928.6100-6.4%
France10.27.245.372.091.8%
Germany27.291.771.071.337.9%
Japan99.976.480.849.8-20.7%
Chile93.730.462.134.0-28.7%
Taiwan (Chinese)3.710.917.025.690.6%
India10622.08.718.1-44.5%
Others95.015911565.3-11.7%
Total1,1811,1131,002962-6.6%

Top Suppliers of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products to Australia in 2022:

  1. Italy (8.0 tons)
  2. Taiwan (Chinese) (7.8 tons)
  3. China (7.7 tons)
  4. Thailand (7.3 tons)
  5. Germany (3.6 tons)
  6. Japan (1.3 tons)
  7. France (1.2 tons)
  8. Chile (1.0 tons)
  9. India (0.8 tons)
  10. Spain (0.8 tons)

Exports of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Australia

Exports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses from Australia soared to 821 kg in 2022, increasing by 584% on the year before. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses soared to $8.2K in 2022. Overall, exports showed temperate growth.

Export of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Australia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
PhilippinesN/AN/AN/A7.90%
Papua New GuineaN/A13.2N/A0.1-91.3%
New Zealand7.65.52.2N/A-46.2%
New CaledoniaN/AN/A0.4N/A0%
OthersN/AN/AN/A0.20%
Total7.618.72.68.22.6%

Top Export Markets for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products from Australia in 2022:

  1. Philippines (816.0 kg)
  2. Papua New Guinea (1.0 kg)

Source: IndexBox Market Intelligence Platform

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