Price for Mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable products in Hong Kong SAR - 2023
Contents:
- Price for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Hong Kong SAR (CIF) - 2022
- Price for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Hong Kong SAR (FOB) - 2022
- Imports of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Hong Kong SAR
- Exports of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Hong Kong SAR
Price for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Hong Kong SAR (CIF) - 2022
The average import price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses stood at $21,099 per ton in 2022, declining by -5.8% against the previous year. Overall, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses decreased by -18.3% against 2020 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 53%. The import price peaked at $25,829 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 Spain ($62,542 per ton), while the price for China ($16,570 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+8.9%), 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 Hong Kong SAR (FOB) - 2022
The average export price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses stood at $29,140 per ton in 2022, stabilizing at the previous year. In general, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses increased by +7.9% against 2018 indices. The pace of growth was the most pronounced in 2013 an increase of 56% against the previous year. Over the period under review, the average export prices hit record highs at $29,522 per ton in 2021, and then shrank modestly in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($46,214 per ton), while the average price for exports to Macao SAR ($17,727 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 Oman (+28.7%), 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 Hong Kong SAR
Imports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses into Hong Kong SAR surged to 4.7 tons in 2022, growing by 73% compared with 2021 figures. Over the period under review, imports continue to indicate prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses skyrocketed to $100K in 2022. In general, imports continue to indicate a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 17.0 | 9.4 | 34.2 | 31.7 | 23.1% |
| China | 1.4 | 4.4 | 16.8 | 27.4 | 169.5% |
| South Korea | 24.9 | 25.1 | N/A | 26.9 | 2.6% |
| Spain | N/A | N/A | 1.7 | 6.0 | 252.9% |
| Indonesia | 11.9 | 12.1 | 4.8 | 4.2 | -29.3% |
| United States | 3.0 | 2.2 | 3.4 | 3.5 | 5.3% |
| Others | 1.5 | 0.3 | 0.2 | N/A | -63.5% |
| Total | 59.7 | 53.5 | 61.0 | 99.7 | 18.6% |
Top Suppliers of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products to Hong Kong SAR in 2022:
- Japan (1865.0 kg)
- China (1654.0 kg)
- South Korea (907.0 kg)
- Indonesia (142.0 kg)
- Spain (96.0 kg)
- United States (60.0 kg)
Exports of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Hong Kong SAR
For the third year in a row, Hong Kong SAR recorded decline in overseas shipments of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses, which decreased by -16.1% to 1.7 tons in 2022. In general, exports showed a sharp reduction.
In value terms, exports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses fell significantly to $50K in 2022. Overall, exports faced a sharp descent.
| Export of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 58.7 | 61.6 | 31.0 | 25.1 | -24.7% |
| Australia | 13.7 | 2.4 | 5.9 | 7.6 | -17.8% |
| Madagascar | 3.8 | 3.0 | 3.9 | 6.3 | 18.4% |
| Canada | 4.7 | 9.4 | 1.8 | 4.0 | -5.2% |
| Macao SAR | 5.2 | 9.0 | 5.6 | 3.2 | -14.9% |
| Netherlands | N/A | N/A | N/A | 1.5 | 0% |
| Spain | 18.2 | N/A | 10.8 | 1.3 | -58.5% |
| United Kingdom | 2.5 | 0.9 | 1.8 | 1.2 | -21.7% |
| Norway | 14.2 | 15.2 | N/A | N/A | 7.0% |
| Peru | 8.3 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 129 | 101 | 60.8 | 50.3 | -26.9% |
Top Export Markets for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products from Hong Kong SAR in 2022:
- United States (716.0 kg)
- Australia (386.0 kg)
- Macao SAR (183.0 kg)
- Canada (174.0 kg)
- Madagascar (151.0 kg)
- United Kingdom (49.0 kg)
- Netherlands (40.0 kg)
- Spain (28.0 kg)
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