Price for Mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable products in the Philippines - 2023
Contents:
- Price for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in the Philippines (CIF) - 2022
- Price for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in the Philippines (FOB) - 2022
- Imports of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in the Philippines
- Exports of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in the Philippines
Price for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in the Philippines (CIF) - 2022
The average import price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses stood at $21,379 per ton in 2022, picking up by 5.3% against the previous year. In general, the import price posted perceptible growth. The growth pace was the most rapid in 2020 when the average import price increased by 493% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($21,383 per ton) and Indonesia ($21,381 per ton), while the price for Spain ($21,377 per ton) and the United States ($21,377 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+20.8%), 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 the Philippines (FOB) - 2022
In 2022, the average export price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses amounted to $24,328 per ton, picking up by 16% against the previous year. Over the period under review, the export price posted prominent growth. The pace of growth appeared the most rapid in 2020 an increase of 188%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($64,667 per ton), while the average price for exports to Qatar ($7,797 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 Canada (+76.9%), 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 the Philippines
In 2022, supplies from abroad of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses increased by 82% to 25 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a significant decline.
In value terms, imports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses surged to $540K in 2022. Over the period under review, imports showed a significant expansion. As a result, imports attained 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 the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 281 | 0% |
| Indonesia | 64.2 | 107 | 104 | 120 | 23.2% |
| Spain | 26.8 | 51.6 | 72.8 | 69.1 | 37.1% |
| United States | 25.6 | 117 | 49.7 | 32.8 | 8.6% |
| Japan | 21.4 | 32.7 | 35.0 | 18.1 | -5.4% |
| Thailand | 17.2 | N/A | N/A | N/A | 0% |
| Others | 54.2 | 28.6 | 20.0 | 18.7 | -29.9% |
| Total | 210 | 337 | 282 | 540 | 37.0% |
Top Suppliers of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products to the Philippines in 2022:
- China (13.2 tons)
- Indonesia (5.6 tons)
- Spain (3.2 tons)
- United States (1.5 tons)
- Japan (0.8 tons)
Exports of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in the Philippines
After two years of decline, overseas shipments of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses increased by 51% to 7.7 tons in 2022. Overall, exports, however, saw a relatively flat trend pattern.
In value terms, exports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses surged to $187K in 2022. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 124%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 2.4 | 9.2 | 3.0 | 53.0 | 180.6% |
| United Arab Emirates | 17.2 | 29.9 | 53.0 | 41.8 | 34.4% |
| United States | N/A | 1.1 | 4.3 | 27.8 | 402.7% |
| Australia | 3.1 | 1.5 | 11.7 | 21.3 | 90.1% |
| Netherlands | N/A | 3.0 | 11.4 | 17.6 | 142.2% |
| Saudi Arabia | 3.6 | N/A | 6.3 | 9.7 | 39.2% |
| Qatar | 1.1 | 5.1 | 0.9 | 1.5 | 10.9% |
| Oman | 0.6 | 3.9 | 0.3 | N/A | -29.3% |
| Others | N/A | 8.8 | 15.5 | 14.4 | 27.9% |
| Total | 28.0 | 62.6 | 106 | 187 | 88.3% |
Top Export Markets for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products from the Philippines in 2022:
- Canada (2315.0 kg)
- United Arab Emirates (1824.0 kg)
- United States (1215.0 kg)
- Netherlands (769.0 kg)
- Saudi Arabia (424.0 kg)
- Australia (330.0 kg)
- Qatar (187.0 kg)
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