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

Contents:

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

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

The average import price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses stood at $37,778 per ton in October 2023, surging by 57% against the previous month. Overall, import price indicated prominent growth from October 2022 to October 2023: its price increased at an average monthly rate of +5.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses increased by +56.8% against September 2023 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Indonesia ($83,990 per ton), while the price for China ($18,648 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+17.4%), 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 Germany (FOB) - 2022

The average export price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses stood at $22,784 per ton in 2022, which is down by -8.9% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 17% against the previous year. The export price peaked at $25,713 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($34,058 per ton), while the average price for exports to Poland ($16,831 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 France (+2.4%), 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 Germany

In 2022, imports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses into Germany shrank remarkably to 612 tons, with a decrease of -15.1% compared with the previous year. Overall, imports continue to indicate a pronounced setback. The pace of growth appeared the most rapid in 2021 with an increase of 50% against the previous year. As a result, imports reached the peak of 721 tons, and then shrank remarkably in the following year.

In value terms, imports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses reduced to $12M in 2022. Over the period under review, imports showed a deep setback. The pace of growth was the most pronounced in 2021 when imports increased by 36% against the previous year.

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

1. China (303.6 tons)
2. Italy (131.1 tons)
3. Spain (89.8 tons)
4. Morocco (44.7 tons)
5. Indonesia (13.0 tons)
6. Netherlands (9.1 tons)

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

In 2022, approx. 410 tons of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses were exported from Germany; surging by 8.8% against 2021 figures. Over the period under review, exports, however, continue to indicate a noticeable curtailment.

In value terms, exports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses dropped to $9.4M in 2022. Overall, exports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 5.1%.

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

1. United States (103.4 tons)
2. Austria (80.7 tons)
3. Poland (34.1 tons)
4. Italy (26.5 tons)
5. Turkey (21.9 tons)
6. United Kingdom (19.7 tons)
7. France (17.3 tons)
8. Russia (12.5 tons)
9. Spain (12.2 tons)
10. Serbia (12.1 tons)
11. Israel (11.1 tons)
12. Denmark (10.4 tons)
13. Switzerland (6.9 tons)

Source: IndexBox Market Intelligence Platform