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

Contents:

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

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

The average import price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses stood at $27,112 per ton in December 2023, surging by 11% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.4%. The most prominent rate of growth was recorded in April 2023 an increase of 60% m-o-m. As a result, import price attained the peak level of $32,914 per ton. From May 2023 to December 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($48,680 per ton), while the price for Italy ($24,760 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Spain (+4.1%), 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 Turkey (FOB) - 2022

In 2022, the average export price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses amounted to $3,434 per ton, with an increase of 117% against the previous year. In general, the export price, however, continues to indicate a deep slump. The export price peaked at $9,019 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($12,946 per ton), while the average price for exports to Bulgaria ($302 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkmenistan (-3.6%), while the prices for the other major destinations experienced a decline.

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

In 2022, imports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses into Turkey skyrocketed to 143 tons, growing by 19% on the previous year. In general, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 48% against the previous year. Imports peaked 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 surged to $2.8M in 2022. Overall, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Italy (49.2 tons)
2. Spain (38.4 tons)
3. Indonesia (22.0 tons)
4. India (12.2 tons)
5. China (9.8 tons)
6. Belgium (7.1 tons)

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

In 2022, after three years of growth, there was significant decline in overseas shipments of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses, when their volume decreased by -56% to 47 tons. Over the period under review, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 3,406% against the previous year. As a result, the exports reached the peak of 108 tons, and then fell notably in the following year.

In value terms, exports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses reduced to $163K in 2022. In general, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 1,666%. As a result, the exports reached the peak of $170K, and then declined in the following year.

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

1. Iraq (11.9 tons)
2. Bulgaria (11.3 tons)
3. Iran (5.2 tons)
4. China (5.0 tons)
5. Turkmenistan (4.4 tons)
6. Ukraine (2.4 tons)
7. Serbia (1.6 tons)
8. Uzbekistan (0.4 tons)

Source: IndexBox Market Intelligence Platform