Price for Mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable products in the United States - 2023
Contents:
- Price for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in the United States (CIF) - 2023
- Price for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in the United States (FOB) - 2023
- Imports of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in the United States
- Exports of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in the United States
Price for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in the United States (CIF) - 2023
The average import price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses stood at $24,242 per ton in December 2023, picking up by 101% against the previous month. Over the period under review, import price indicated mild growth from December 2022 to December 2023: its price increased at an average monthly rate of +1.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses increased by +103.8% against October 2023 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was Morocco ($38,000 per ton), while the price for Taiwan (Chinese) ($2,574 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by China (+7.0%), 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 United States (FOB) - 2023
The average export price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses stood at $17,780 per ton in December 2023, dropping by -43.2% against the previous month. Overall, the export price saw a perceptible shrinkage. The growth pace was the most rapid in July 2023 an increase of 33% m-o-m. The export price peaked at $41,537 per ton in February 2023; however, from March 2023 to December 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was Japan ($62,238 per ton), while the average price for exports to Mexico ($15,304 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+1.2%), 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 United States
In 2022, approx. 2K tons of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses were imported into the United States; picking up by 10% on the previous year. The total import volume increased at an average annual rate of +6.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 13% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses expanded sharply to $38M in 2022. The total import value increased at an average annual rate of +3.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. 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 the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 8.8 | 8.8 | 11.1 | 12.0 | 10.9% |
| China | 5.0 | 4.9 | 6.6 | 8.3 | 18.4% |
| Morocco | 6.2 | 6.6 | 4.6 | 5.5 | -3.9% |
| Chile | 5.9 | 6.1 | 5.4 | 5.1 | -4.7% |
| South Korea | 2.6 | 1.8 | 1.3 | 1.6 | -14.9% |
| Italy | 1.0 | 1.3 | 1.8 | 1.4 | 11.9% |
| Thailand | 1.2 | 1.1 | 0.9 | 1.1 | -2.9% |
| Taiwan (Chinese) | 0.4 | 0.3 | 0.7 | 0.9 | 31.0% |
| Others | 4.0 | 3.0 | 2.2 | 2.5 | -14.5% |
| Total | 35.1 | 33.9 | 34.6 | 38.5 | 3.1% |
Top Suppliers of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products to the United States in 2022:
- China (548.7 tons)
- Spain (446.6 tons)
- Taiwan (Chinese) (329.9 tons)
- Chile (204.5 tons)
- Morocco (164.4 tons)
- Thailand (79.5 tons)
- Italy (78.2 tons)
- South Korea (46.8 tons)
Exports of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in the United States
In 2022, approx. 202 tons of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses were exported from the United States; growing by 4.8% compared with 2021 figures. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 19% against the previous year. As a result, the exports attained the peak of 239 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses expanded significantly to $5.8M in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 9.4% against the previous year. As a result, the exports attained the peak of $6.4M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 897 | 1,357 | 936 | 1,181 | 9.6% |
| Canada | 1,115 | 1,277 | 1,271 | 1,165 | 1.5% |
| Japan | 1,017 | 909 | 1,118 | 969 | -1.6% |
| Belgium | 535 | 450 | 517 | 413 | -8.3% |
| Mexico | 447 | 583 | 441 | 386 | -4.8% |
| United Kingdom | 299 | 286 | 469 | 292 | -0.8% |
| Colombia | N/A | N/A | N/A | 249 | 0% |
| China | 407 | 183 | 163 | 199 | -21.2% |
| Philippines | 16.9 | 6.2 | 28.5 | 194 | 125.6% |
| South Korea | 95.0 | 51.7 | 86.3 | 174 | 22.4% |
| Thailand | N/A | 11.8 | 6.9 | 117 | 214.9% |
| Israel | 24.7 | 34.5 | N/A | 71.9 | 42.8% |
| Brazil | 15.7 | N/A | 3.8 | 52.0 | 49.1% |
| Others | 940 | 1,206 | 512 | 378 | -26.2% |
| Total | 5,809 | 6,357 | 5,553 | 5,839 | 0.2% |
Top Export Markets for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products from the United States in 2022:
- Canada (54.0 tons)
- Germany (31.2 tons)
- Japan (19.6 tons)
- United Kingdom (17.7 tons)
- Mexico (14.0 tons)
- Belgium (12.0 tons)
- China (7.5 tons)
- South Korea (6.6 tons)
- Thailand (6.6 tons)
- Philippines (5.0 tons)
- Israel (4.7 tons)
- Colombia (3.9 tons)
- Brazil (3.3 tons)
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