Price for Mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable products in Azerbaijan - 2023
Contents:
- Price for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Azerbaijan (CIF) - 2022
- Imports of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Azerbaijan
Price for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Azerbaijan (CIF) - 2022
In 2022, the average import price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses amounted to $16,964 per ton, growing by 23% against the previous year. Over the period under review, the import price posted a resilient increase. The most prominent rate of growth was recorded in 2016 an increase of 212%. The import price peaked in 2022 and is expected to retain growth in the near future.
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 China ($17,241 per ton), while the price for Turkey ($7,600 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+22.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Azerbaijan
In 2022, after three years of growth, there was significant decline in purchases abroad of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses, when their volume decreased by -32.5% to 18 tons. Over the period under review, imports continue to indicate a perceptible setback. The growth pace was the most rapid in 2021 with an increase of 13% against the previous year. As a result, imports reached the peak of 27 tons, and then declined remarkably in the following year.
In value terms, imports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses contracted significantly to $313K in 2022. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 11% against the previous year.
| Import of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 168 | 180 | 119 | 123 | -9.9% |
| Indonesia | 82.3 | 53.3 | 128 | 103 | 7.8% |
| Italy | 9.9 | 15.7 | 59.1 | 44.5 | 65.0% |
| India | 20.9 | 26.9 | 26.2 | 28.0 | 10.2% |
| Russia | 17.1 | 50.2 | 19.3 | 3.4 | -41.6% |
| United Arab Emirates | 4.9 | 12.8 | 24.3 | N/A | 122.7% |
| Others | 2.7 | 0.4 | 1.4 | 11.6 | 62.6% |
| Total | 306 | 340 | 377 | 313 | 0.8% |
Top Suppliers of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products to Azerbaijan in 2022:
- China (7.1 tons)
- Indonesia (6.0 tons)
- Italy (3.0 tons)
- India (2.0 tons)
- Russia (0.2 tons)
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