Price for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in China - 2023
Contents:
- Price for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in China (FOB) - 2023
- Price for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in China (CIF) - 2022
- Exports of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in China
- Imports of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in China
Price for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in China (FOB) - 2023
In December 2023, the average export price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses amounted to $14,924 per ton, growing by 2.5% against the previous month. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in February 2023 when the average export price increased by 25% against the previous month. The export price peaked at $16,609 per ton in March 2023; however, from April 2023 to December 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In December 2023, the highest price was recorded for prices to Thailand ($17,758 per ton) and Japan ($17,623 per ton), while the average price for exports to Russia ($12,893 per ton) and the United States ($13,477 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in China (CIF) - 2022
In 2022, the average import price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses amounted to $14,484 per ton, approximately reflecting the previous year. In general, the import price, however, continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2015 an increase of 12%. As a result, import price reached the peak level of $28,794 per ton. From 2016 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($35,772 per ton), while the price for Germany ($6,144 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in China
Exports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses from China expanded significantly to 6.8K tons in 2022, increasing by 9.7% on 2021. The total export volume increased at an average annual rate of +6.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 16% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses surged to $104M in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +10.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.5% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 6.7 | 8.6 | 10.4 | 16.7 | 35.6% |
| Italy | 7.6 | 8.3 | 10.3 | 15.6 | 27.1% |
| Russia | 9.0 | 9.9 | 12.5 | 12.5 | 11.6% |
| Thailand | 10.1 | 8.9 | 8.6 | 11.2 | 3.5% |
| United States | 4.6 | 3.8 | 5.0 | 6.9 | 14.5% |
| Japan | 3.5 | 3.0 | 2.8 | 6.1 | 20.3% |
| South Korea | 5.2 | 2.5 | 3.6 | 5.4 | 1.3% |
| Germany | 5.8 | 3.2 | 6.0 | 4.4 | -8.8% |
| India | 2.6 | 2.4 | 2.7 | 3.4 | 9.4% |
| Malaysia | 4.0 | 3.9 | 3.7 | 3.1 | -8.1% |
| Chile | 0.2 | 0.3 | 3.5 | 3.0 | 146.6% |
| Indonesia | 0.7 | 0.3 | N/A | 2.0 | 41.9% |
| Argentina | 2.7 | 2.3 | 1.5 | 1.5 | -17.8% |
| Others | 13.3 | 10.6 | 11.1 | 11.8 | -3.9% |
| Total | 75.9 | 67.9 | 81.9 | 104 | 11.1% |
Top Export Markets for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products from China in 2022:
- Italy (1109.6 tons)
- Spain (1108.9 tons)
- Russia (776.1 tons)
- Thailand (648.2 tons)
- United States (514.9 tons)
- Japan (393.9 tons)
- South Korea (373.1 tons)
- Germany (265.1 tons)
- India (222.5 tons)
- Indonesia (212.2 tons)
- Malaysia (194.6 tons)
- Chile (176.5 tons)
- Argentina (95.0 tons)
Imports of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in China
In 2022, the amount of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses imported into China contracted significantly to 1.1K tons, waning by -27.9% on the previous year's figure. Over the period under review, total imports indicated a notable expansion from 2019 to 2022: its volume increased at an average annual rate of +2.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.6% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 95% against the previous year. As a result, imports reached the peak of 1.5K tons, and then shrank notably in the following year.
In value terms, imports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses fell significantly to $16M in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 64% against the previous year. As a result, imports reached the peak of $22M, and then contracted sharply in the following year.
| Import of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 6.9 | 7.1 | 9.0 | 7.3 | 1.9% |
| Spain | 2.7 | 2.8 | 3.6 | 3.4 | 8.0% |
| Italy | 3.2 | N/A | 0.5 | 1.6 | -20.6% |
| Indonesia | 0.6 | 1.3 | 5.9 | 1.6 | 38.7% |
| South Korea | 1.9 | 1.2 | 2.1 | 1.6 | -5.6% |
| Germany | 0.2 | 0.1 | 0.2 | 0.2 | 0.0% |
| Others | 0.9 | 0.9 | 0.6 | 0.4 | -23.7% |
| Total | 16.4 | 13.4 | 22.0 | 16.1 | -0.6% |
Top Suppliers of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products to China in 2022:
- Vietnam (580.6 tons)
- Indonesia (138.9 tons)
- Italy (137.4 tons)
- South Korea (120.4 tons)
- Spain (94.8 tons)
- Germany (26.4 tons)
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