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

Contents:

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

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

In 2022, the average import price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses amounted to $28,897 per ton, rising by 25% against the previous year. Over the period under review, the import price saw a prominent increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 77%. The import price peaked in 2022 and is likely to see steady growth in years to come.

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 the United States ($72,231 per ton), while the price for China ($13,090 per ton) was amongst the lowest.

From 2016 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.4%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses amounted to $11,750 per ton, increasing by 104% against the previous year. Overall, the export price, however, continues to indicate a drastic downturn. The export price peaked at $40,646 per ton in 2015; however, from 2016 to 2022, 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 Guatemala.

From 2012 to 2022, the rate of growth in terms of prices for Guatemala amounted to -6.4% per year.

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

In 2022, approx. 145 kg of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses were imported into Panama; picking up by 9% against the year before. In general, imports recorded a significant increase. The growth pace was the most rapid in 2021 when imports increased by 189% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, imports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses skyrocketed to $4.2K in 2022. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 411% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

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

1. China (67.0 kg)
2. India (52.0 kg)
3. United States (26.0 kg)

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

In 2022, the amount of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses exported from Panama plummeted to 4 kg, waning by -50% against 2021 figures. Overall, exports showed a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 60% against the previous year. As a result, the exports reached the peak of 8 kg, and then dropped rapidly in the following year.

In value terms, exports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses rose slightly to $47 in 2022. Over the period under review, exports showed a abrupt shrinkage.

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

1. Guatemala (4.0 kg)

Source: IndexBox Market Intelligence Platform