Price for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Turkey - 2023
Contents:
- Price for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Turkey (CIF) - 2023
- Price for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Turkey (FOB) - 2022
- Imports of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Turkey
- Exports of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Turkey
Price for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Turkey (CIF) - 2023
The average import price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses stood at $27,112 per ton in December 2023, surging by 11% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.4%. The most prominent rate of growth was recorded in April 2023 an increase of 60% m-o-m. As a result, import price attained the peak level of $32,914 per ton. From May 2023 to December 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($48,680 per ton), while the price for Italy ($24,760 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 Spain (+4.1%), 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 Turkey (FOB) - 2022
In 2022, the average export price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses amounted to $3,434 per ton, with an increase of 117% against the previous year. In general, the export price, however, continues to indicate a deep slump. The export price peaked at $9,019 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($12,946 per ton), while the average price for exports to Bulgaria ($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 Turkmenistan (-3.6%), while the prices for the other major destinations experienced a decline.
Imports of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Turkey
In 2022, imports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses into Turkey skyrocketed to 143 tons, growing by 19% on the previous year. In general, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 48% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, imports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses surged to $2.8M in 2022. Overall, 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 Turkey (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 296 | 203 | 485 | 887 | 44.2% |
Spain | 186 | 348 | 288 | 772 | 60.7% |
Indonesia | 238 | 93.2 | 320 | 416 | 20.5% |
India | 52.4 | 69.4 | 90.8 | 229 | 63.5% |
Belgium | 258 | 213 | 197 | 227 | -4.2% |
China | 66.4 | 83.3 | 159 | 148 | 30.6% |
Others | 87.3 | 67.9 | 174 | 106 | 6.7% |
Total | 1,183 | 1,078 | 1,714 | 2,786 | 33.0% |
Top Suppliers of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products to Turkey in 2022:
- Italy (49.2 tons)
- Spain (38.4 tons)
- Indonesia (22.0 tons)
- India (12.2 tons)
- China (9.8 tons)
- Belgium (7.1 tons)
Exports of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Turkey
In 2022, after three years of growth, there was significant decline in overseas shipments of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses, when their volume decreased by -56% to 47 tons. Over the period under review, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 3,406% against the previous year. As a result, the exports reached the peak of 108 tons, and then fell notably in the following year.
In value terms, exports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses reduced to $163K in 2022. In general, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 1,666%. As a result, the exports reached the peak of $170K, and then declined in the following year.
Export of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Turkey (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | N/A | N/A | N/A | 64.7 | 0% |
Turkmenistan | N/A | N/A | N/A | 31.5 | 0% |
Iraq | 0.7 | 1.6 | 5.7 | 13.2 | 166.2% |
Iran | N/A | 0.1 | 132 | 8.2 | 805.5% |
Bulgaria | N/A | 0.9 | 4.9 | 3.4 | 94.4% |
Ukraine | N/A | N/A | 4.6 | 2.7 | -41.3% |
Serbia | 0.7 | 1.5 | 1.6 | 1.4 | 26.0% |
Uzbekistan | N/A | N/A | 12.2 | 0.3 | -97.5% |
Others | 4.2 | 5.6 | 10.0 | 37.4 | 107.3% |
Total | 5.7 | 9.7 | 170 | 163 | 205.8% |
Top Export Markets for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products from Turkey in 2022:
- Iraq (11.9 tons)
- Bulgaria (11.3 tons)
- Iran (5.2 tons)
- China (5.0 tons)
- Turkmenistan (4.4 tons)
- Ukraine (2.4 tons)
- Serbia (1.6 tons)
- Uzbekistan (0.4 tons)
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