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

Contents:

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

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

The average import price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses stood at $25,044 per ton in 2022, declining by -29% against the previous year. Over the period under review, the import price saw a pronounced slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by 50%. The import price peaked at $39,744 per ton in 2015; however, from 2016 to 2022, 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 the UK ($127,387 per ton), while the price for China ($16,728 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+22.7%), 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 Kenya (FOB) - 2022

In 2020, the average export price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses amounted to $10,000 per ton, surging by 12% against the previous year. Overall, the export price posted a pronounced expansion. The most prominent rate of growth was recorded in 2013 an increase of 59%. The export price peaked at $13,742 per ton in 2014; however, from 2015 to 2020, the export prices remained at a lower figure.

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

From 2012 to 2020, the rate of growth in terms of prices for Rwanda amounted to +70.1% per year.

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

In 2022, approx. 2.1 tons of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses were imported into Kenya; picking up by 32% on 2021. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +23.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 65% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, imports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses fell to $54K in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +12.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. As a result, imports attained the peak of $57K, and then dropped in the following year.

Import of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Kenya (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India3.410.816.626.397.8%
NetherlandsN/A4.318.48.742.2%
United Kingdom16.46.11.67.9-21.6%
China8.36.19.54.0-21.6%
Belgium2.32.12.01.6-11.4%
United Arab Emirates0.30.40.50.732.6%
Others6.414.98.54.5-11.1%
Total37.244.657.053.612.9%

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

  1. India (1569.0 kg)
  2. China (239.0 kg)
  3. Netherlands (115.0 kg)
  4. Belgium (76.0 kg)
  5. United Kingdom (62.0 kg)
  6. United Arab Emirates (35.0 kg)

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

In 2020, exports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses from Kenya soared to 30 kg, increasing by 43% compared with the previous year's figure. In general, total exports indicated a significant expansion from 2019 to 2020: its volume increased at an average annual rate of +42.9% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 skyrocketed to $300 in 2020. Overall, total exports indicated a significant expansion from 2019 to 2020: its value increased at an average annual rate of +59.6% over the last one years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 Kenya (USD)
COUNTRY20192020CAGR,
2019-2020
United StatesN/A3000%
Canada123N/A0%
Others65.0N/A0%
Total18830059.6%

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

  1. United States (30.0 kg)

Source: IndexBox Market Intelligence Platform

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