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

Contents:

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

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

The average import price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses stood at $15,927 per ton in November 2023, declining by -22.8% against the previous month. Over the period under review, the import price continues to indicate a mild descent. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 107% m-o-m. As a result, import price attained the peak level of $35,825 per ton. From February 2023 to November 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Vietnam ($22,291 per ton), while the price for China ($13,469 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Morocco (+5.3%), 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 India (FOB) - 2023

In November 2023, the average export price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses amounted to $17,528 per ton, falling by -16.7% against the previous month. Overall, the export price saw a noticeable shrinkage. The most prominent rate of growth was recorded in October 2023 when the average export price increased by 14% month-to-month. The export price peaked at $25,232 per ton in November 2022; however, from December 2022 to November 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was the United States ($24,269 per ton), while the average price for exports to Taiwan (Chinese) ($15,202 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+0.0%), 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 India

Imports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses into India surged to 463 tons in 2022, rising by 20% against the previous year. The total import volume increased at an average annual rate of +3.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports reached 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 totaled $8M in 2022. Over the period under review, imports, however, continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2020 with an increase of 16%. As a result, imports attained the peak of $10M. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. China (243.5 tons)
2. Indonesia (109.6 tons)
3. Spain (56.4 tons)
4. Vietnam (48.1 tons)

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

In 2022, approx. 154 tons of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses were exported from India; rising by 19% against the year before. The total export volume increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, the exports reached the peak 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 skyrocketed to $2.8M in 2022. The total export value increased at an average annual rate of +1.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. United Arab Emirates (38.8 tons)
2. Spain (18.0 tons)
3. Oman (17.1 tons)
4. Iran (13.0 tons)
5. Turkey (7.0 tons)
6. Malaysia (6.0 tons)
7. United States (5.6 tons)
8. Japan (5.6 tons)
9. Netherlands (5.0 tons)
10. Taiwan (Chinese) (5.0 tons)
11. Thailand (4.4 tons)
12. South Africa (3.8 tons)
13. Chile (3.0 tons)

Source: IndexBox Market Intelligence Platform