Price for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Bangladesh - 2022

Contents:

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

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

The average import price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses stood at $14,260 per ton in 2022, shrinking by -4.5% against the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses increased by +14.5% against 2019 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by 46%. Over the period under review, average import prices attained the maximum at $23,083 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($148,222 per ton), while the price for Taiwan (Chinese) ($1,142 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+17.2%), 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 Bangladesh (FOB) - 2022

The average export price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses stood at $17,010 per ton in 2022, rising by 36% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The export price peaked at $20,767 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($22,291 per ton), while the average price for exports to Saudi Arabia ($1,650 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+11.3%), while the prices for the other major destinations experienced a decline.

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

Imports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses into Bangladesh reduced to 34 tons in 2022, declining by -12.5% against 2021. Overall, imports faced a deep slump.

In value terms, imports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses dropped rapidly to $481K in 2022. Over the period under review, imports showed a abrupt curtailment. The smallest decline of -0.5% was in 2021.

Import of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Bangladesh (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China501565547454-3.2%
India5.14.812.313.237.3%
Taiwan (Chinese)7.72.34.26.2-7.0%
Singapore1852.02.32.7-75.6%
Others6.65.310.15.2-7.6%
Total705579576481-12.0%

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

  1. China (27.6 tons)
  2. Taiwan (Chinese) (5.4 tons)
  3. India (0.6 tons)

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

Exports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses from Bangladesh contracted dramatically to 5.8 tons in 2022, dropping by -28.7% on 2021 figures. Over the period under review, exports, however, continue to indicate a slight increase. The most prominent rate of growth was recorded in 2021 with an increase of 160%. As a result, the exports reached the peak of 8.1 tons, and then reduced remarkably in the following year.

In value terms, exports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses declined slightly to $98K in 2022. In general, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by 107%. As a result, the exports reached the peak of $101K, and then contracted modestly in the following year.

Export of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Bangladesh (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates43.415.187.682.523.9%
Kuwait16.110.210.410.5-13.3%
Saudi Arabia8.04.13.12.5-32.1%
OthersN/A19.5N/A2.8-62.1%
Total67.548.910198.313.3%

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

  1. United Arab Emirates (3.7 tons)
  2. Saudi Arabia (1.5 tons)
  3. Kuwait (0.5 tons)

Source: IndexBox Market Intelligence Platform

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