Price for Mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable products in the United Arab Emirates - 2022

Contents:

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

Price for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in the United Arab Emirates (FOB) - 2022

In 2022, the average export price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses amounted to $23,226 per ton, which is down by -14.4% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 40%. The export price peaked at $33,508 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($55,763 per ton), while the average price for exports to Iran ($14,295 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 Oman (+31.8%), while the prices for the other major destinations experienced mixed trend patterns.

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

The average import price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses stood at $14,937 per ton in 2022, waning by -11.2% against the previous year. In general, the import price, however, continues to indicate moderate growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 82% against the previous year. Over the period under review, average import prices reached the maximum at $24,217 per ton in 2015; however, from 2016 to 2022, import prices remained at a 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 India ($28,617 per ton), while the price for Bangladesh ($3,439 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in the United Arab Emirates

Exports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses from the United Arab Emirates was estimated at 110 tons in 2022, surging by 12% compared with 2021. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 56% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses reduced to $2.6M in 2022. Overall, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +23.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +88.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 55%.

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

1. Oman (53.4 tons)
2. Kuwait (52.1 tons)
3. Iran (0.6 tons)

Imports of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in the United Arab Emirates

After two years of decline, supplies from abroad of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses increased by 100% to 74 tons in 2022. In general, imports recorded a buoyant expansion. 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 surged to $1.1M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +15.1% over the last three-year period. The trend pattern, however, indicated some 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.

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

1. Bangladesh (27.6 tons)
2. India (25.6 tons)
3. Philippines (9.8 tons)
4. China (7.6 tons)
5. Bahrain (1.0 tons)

Source: IndexBox Market Intelligence Platform