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

Contents:

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

Price for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Portugal (CIF) - 2022

The average import price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses stood at $26,988 per ton in 2022, surging by 9.7% against the previous year. Overall, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the average import price increased by 42% against the previous year. Over the period under review, average import prices hit record highs at $28,336 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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 France ($57,443 per ton), while the price for Italy ($11,636 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.3%), 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 Portugal (FOB) - 2022

In 2022, the average export price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses amounted to $26,931 per ton, waning by -12.4% against the previous year. In general, the export price recorded a mild descent. The pace of growth was the most pronounced in 2020 when the average export price increased by 60% against the previous year. As a result, the export price attained the peak level of $51,499 per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($44,847 per ton), while the average price for exports to Spain ($26,302 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 Italy (+21.8%), 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 Portugal

Imports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses into Portugal dropped to 8.1 tons in 2022, which is down by -15% compared with 2021. Over the period under review, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 21% against the previous year.

In value terms, imports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses dropped to $218K in 2022. Overall, imports recorded a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 10%.

Import of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Portugal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain13811310178.9-17.0%
Belgium53.020.817.444.3-5.8%
France79.161.361.544.1-17.7%
China41.212.223.024.3-16.1%
Germany5.00.320.815.545.8%
Italy0.60.61.53.071.0%
Others3.53.78.97.931.2%
Total320212234218-12.0%

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

  1. Spain (3.7 tons)
  2. China (1.5 tons)
  3. Belgium (1.3 tons)
  4. France (0.8 tons)
  5. Germany (0.5 tons)
  6. Italy (0.3 tons)

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

In 2022, overseas shipments of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses decreased by -19.9% to 2.2 tons, falling for the second consecutive year after two years of growth. In general, exports faced a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 9% against the previous year. As a result, the exports attained the peak of 4.6 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses contracted markedly to $59K in 2022. Overall, exports saw a dramatic decline. The pace of growth was the most pronounced in 2020 with an increase of 74% against the previous year. As a result, the exports reached the peak of $235K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Export of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Portugal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain12023279.352.6-24.0%
Cabo VerdeN/A3.64.24.05.4%
Angola2.9N/A0.92.6-3.6%
Others11.90.3N/AN/A-97.5%
Total13523584.459.3-24.0%

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

  1. Spain (2001.0 kg)
  2. Cabo Verde (142.0 kg)
  3. Angola (59.0 kg)

Source: IndexBox Market Intelligence Platform

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