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

Contents:

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

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

The average import price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses stood at $25,943 per ton in 2022, falling by -16.6% against the previous year. In general, the import price, however, showed a perceptible increase. The pace of growth appeared the most rapid in 2016 an increase of 39% against the previous year. The import price peaked at $50,516 per ton in 2020; however, from 2021 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 United States ($32,100 per ton), while the price for Spain ($9,682 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 States (+4.9%), 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 the Dominican Republic (FOB) - 2022

In 2022, the average export price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses amounted to $11,448 per ton, picking up by 1.9% against the previous year. Overall, the export price, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2019 an increase of 33% against the previous year. Over the period under review, the average export prices hit record highs at $26,902 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Haiti ($11,581 per ton), while the average price for exports to Canada stood at $5,200 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+16.1%).

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

In 2022, overseas purchases of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses decreased by -52.1% to 1.1 tons, falling for the second year in a row after two years of growth. Overall, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 46%. As a result, imports reached the peak of 2.8 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses shrank markedly to $29K in 2022. Over the period under review, imports continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2020 with an increase of 67% against the previous year. As a result, imports reached the peak of $141K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in the Dominican Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States77.213466.215.4-41.6%
China1.81.61.112.590.8%
Spain0.30.90.71.571.0%
Belgium1.41.51.5N/A3.5%
Others3.63.24.1N/A6.7%
Total84.514173.729.4-29.7%

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

  1. China (498.0 kg)
  2. United States (479.0 kg)
  3. Spain (157.0 kg)

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

In 2022, exports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses from the Dominican Republic surged to 717 kg, picking up by 16% against the previous year. Overall, exports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 125%. The exports peaked in 2022 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 surged to $8.2K in 2022. Over the period under review, exports posted a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by 94%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Export of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in the Dominican Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Haiti5.63.66.98.113.1%
Canada0.1N/AN/A0.10.0%
OthersN/AN/A0.1N/A0%
Total5.73.67.08.212.9%

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

  1. Haiti (702.0 kg)
  2. Canada (15.0 kg)

Source: IndexBox Market Intelligence Platform

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