Price for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in France - 2023

Contents:

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

Price for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in France (CIF) - 2023

In October 2023, the average import price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses amounted to $40,092 per ton, increasing by 28% against the previous month. In general, import price indicated a strong increase from October 2022 to October 2023: its price increased at an average monthly rate of +6.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses increased by +50.8% against August 2023 indices. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 53% m-o-m. Over the period under review, average import prices attained the maximum in October 2023.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Switzerland ($66,367 per ton), while the price for the UK ($17,151 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Spain (+7.9%), 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 France (FOB) - 2022

In December 2021, the average export price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses amounted to $36,432 per ton, waning by -26.2% against the previous month. Over the period under review, the export price, however, enjoyed a pronounced expansion. The pace of growth appeared the most rapid in April 2021 an increase of 303% m-o-m. Over the period under review, the average export prices hit record highs at $49,378 per ton in November 2021, and then plummeted in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($59,345 per ton), while the average price for exports to Vietnam ($9,547 per ton) was amongst the lowest.

From January 2021 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+6.1%), 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 France

In 2022, approx. 424 tons of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses were imported into France; increasing by 17% against the year before. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +6.4% 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 +56.7% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 34% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses expanded slightly to $9.8M in 2022. The total import value increased at an average annual rate of +2.9% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

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

1. Spain (191.3 tons)
2. Italy (89.1 tons)
3. Morocco (57.9 tons)
4. China (21.3 tons)
5. Belgium (21.0 tons)
6. Tunisia (14.0 tons)
7. Japan (8.6 tons)

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

In 2021, exports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses from France soared to 50 tons, jumping by 77% against the previous year. Overall, exports, however, saw a perceptible descent.

In value terms, exports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses surged to $1.3M in 2021. In general, exports, however, continue to indicate a drastic downturn.

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

1. Morocco (17.6 tons)
2. Italy (5.8 tons)
3. Egypt (4.5 tons)
4. Belgium (3.6 tons)
5. United Kingdom (3.1 tons)
6. Switzerland (2.0 tons)
7. South Korea (2.0 tons)
8. Turkey (1.8 tons)
9. Germany (1.5 tons)
10. Australia (1.0 tons)
11. Portugal (0.9 tons)
12. United States (0.8 tons)
13. French Polynesia (0.8 tons)

Source: IndexBox Market Intelligence Platform