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

Contents:

1. Price for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Belgium (CIF) - 2022
2. Price for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Belgium (FOB) - 2023
3. Imports of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Belgium
4. Exports of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Belgium

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

The average import price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses stood at $9,347 per ton in 2022, shrinking by -39.8% against the previous year. Over the period under review, the import price recorded a abrupt setback. The pace of growth was the most pronounced in 2021 when the average import price increased by 53% against the previous year. The import price peaked at $30,335 per ton in 2013; however, from 2014 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 Spain ($39,447 per ton), while the price for Germany ($4,867 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+5.2%), 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 Belgium (FOB) - 2023

The average export price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses stood at $47,883 per ton in October 2023, declining by -6% against the previous month. In general, the export price, however, showed a measured expansion. The most prominent rate of growth was recorded in September 2023 when the average export price increased by 94% against the previous month. Over the period under review, the average export prices reached the peak figure at $51,285 per ton in June 2023; however, from July 2023 to October 2023, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In October 2023, the countries with the highest prices were Iran ($47,898 per ton) and Mexico ($47,761 per ton), while the average price for exports to Turkey ($43,085 per ton) and India ($43,347 per ton) were amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+63.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, imports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses into Belgium skyrocketed to 362 tons, with an increase of 72% compared with the previous year's figure. Overall, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 138% against the previous year. As a result, imports reached the peak of 395 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses stood at $3.4M in 2022. The total import value increased at an average annual rate of +8.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 53% against the previous year. As a result, imports reached the peak of $4M. From 2021 to 2022, the growth of imports of failed to regain momentum.

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

1. Germany (292.4 tons)
2. Chile (20.6 tons)
3. Morocco (18.0 tons)
4. Italy (12.2 tons)
5. France (5.7 tons)
6. Netherlands (4.8 tons)
7. Spain (3.2 tons)

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

In 2022, shipments abroad of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses decreased by -4.6% to 70 tons, falling for the second year in a row after two years of growth. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 11%. As a result, the exports reached the peak of 77 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses fell to $1.9M in 2022. In general, exports continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2021 with an increase of 4.1% against the previous year.

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

1. France (26.2 tons)
2. Turkey (7.1 tons)
3. Iran (7.1 tons)
4. Chile (3.6 tons)
5. Russia (3.6 tons)
6. India (3.3 tons)
7. United Kingdom (2.5 tons)
8. Brazil (2.2 tons)
9. Mexico (2.2 tons)
10. Netherlands (1.6 tons)
11. Portugal (1.3 tons)
12. Germany (1.3 tons)
13. Canada (1.3 tons)

Source: IndexBox Market Intelligence Platform