Price for Mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable products in Thailand - 2024
Contents:
- Price for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Thailand (CIF) - 2024
- Price for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Thailand (FOB) - 2022
- Imports of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Thailand
- Exports of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Thailand
Price for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Thailand (CIF) - 2024
In January 2024, the average import price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses amounted to $19,612 per ton, with an increase of 9.2% against the previous month. Overall, the import price saw a relatively flat trend pattern. The import price peaked at $19,937 per ton in February 2023; however, from March 2023 to January 2024, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In January 2024, the country with the highest price was Chile ($26,052 per ton), while the price for China stood at $18,760 per ton.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Chile (+0.4%), while the prices for the other major suppliers experienced a decline.
Price for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Thailand (FOB) - 2022
The average export price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses stood at $14,822 per ton in 2022, surging by 6.7% against the previous year. Over the period under review, export price indicated a prominent expansion 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, export price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses increased by +105.3% against 2015 indices. The growth pace was the most rapid in 2014 when the average export price increased by 41%. As a result, the export price reached the peak level of $14,913 per ton. From 2015 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 the Netherlands ($35,441 per ton), while the average price for exports to Hong Kong SAR ($2,321 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 South Korea (+55.0%), 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 Thailand
In 2022, imports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses into Thailand expanded modestly to 707 tons, increasing by 4.5% on the previous year's figure. The total import volume increased at an average annual rate of +7.3% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 16%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, imports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses surged to $13M in 2022. The total import value increased at an average annual rate of +6.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached 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 Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.3 | 9.1 | 9.6 | 11.4 | 7.0% |
| Chile | 0.9 | 1.3 | 1.0 | 0.9 | 0.0% |
| Others | 0.2 | 0.2 | 0.2 | 0.3 | 14.5% |
| Total | 10.5 | 10.7 | 10.8 | 12.5 | 6.0% |
Top Suppliers of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products to Thailand in 2022:
- China (662.1 tons)
- Chile (34.6 tons)
Exports of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Thailand
In 2022, exports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses from Thailand expanded remarkably to 117 tons, rising by 14% compared with the previous year's figure. In general, exports, however, faced a abrupt slump.
In value terms, exports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses soared to $1.7M in 2022. The total export value increased at an average annual rate of +2.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.
| Export of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 494 | 588 | 366 | 515 | 1.4% |
| Myanmar | 189 | 166 | 208 | 275 | 13.3% |
| Australia | 196 | 244 | 253 | 254 | 9.0% |
| Vietnam | 224 | 232 | 201 | 160 | -10.6% |
| Canada | 118 | 116 | 100 | 124 | 1.7% |
| Malaysia | N/A | N/A | N/A | 77.9 | 0% |
| France | 94.0 | 122 | 67.3 | 74.8 | -7.3% |
| Netherlands | 54.9 | 70.5 | 42.5 | 66.8 | 6.8% |
| China | 59.5 | 208 | 26.6 | 29.5 | -20.9% |
| Suriname | 25.4 | 18.7 | 14.5 | 16.7 | -13.0% |
| South Korea | 34.7 | 6.3 | N/A | 11.5 | -30.8% |
| Hong Kong SAR | 25.9 | 8.3 | 1.1 | 3.0 | -51.3% |
| Japan | 21.9 | 14.2 | N/A | N/A | -35.2% |
| Others | 89.7 | 111 | 152 | 132 | 13.7% |
| Total | 1,627 | 1,906 | 1,433 | 1,741 | 2.3% |
Top Export Markets for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products from Thailand in 2022:
- United States (50.4 tons)
- Australia (18.8 tons)
- Myanmar (12.5 tons)
- France (8.7 tons)
- Vietnam (4.7 tons)
- China (3.8 tons)
- Canada (3.7 tons)
- Suriname (3.1 tons)
- Malaysia (2.3 tons)
- Netherlands (1.9 tons)
- Hong Kong SAR (1.3 tons)
- South Korea (0.4 tons)
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