Price for Pectic Substances; Pectinates and Pectates in Australia - 2023

Contents:

1. Price for Pectic Substances; Pectinates and Pectates in Australia (CIF) - 2023
2. Price for Pectic Substances; Pectinates and Pectates in Australia (FOB) - 2022
3. Imports of Pectic Substances; Pectinates and Pectates in Australia
4. Exports of Pectic Substances; Pectinates and Pectates in Australia

Price for Pectic Substances; Pectinates and Pectates in Australia (CIF) - 2023

The average import price for pectic substances; pectinates and pectateses stood at $14,234 per ton in July 2023, dropping by -29.5% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 an increase of 289% month-to-month. The import price peaked at $20,199 per ton in June 2023, and then declined markedly in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($37,458 per ton), while the price for the United States ($8,287 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Pectic Substances; Pectinates and Pectates in Australia (FOB) - 2022

In 2022, the average export price for pectic substances; pectinates and pectateses amounted to $20,713 per ton, growing by 22% against the previous year. Over the period under review, the export price showed notable growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 184% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Fiji ($23,916 per ton), while the average price for exports to New Zealand ($10,408 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 Fiji (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pectic Substances; Pectinates and Pectates in Australia

After three years of growth, purchases abroad of pectic substances; pectinates and pectateses decreased by -7.1% to 370 tons in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +10.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +35.9% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 34%. As a result, imports reached the peak of 398 tons, and then dropped in the following year.

In value terms, pectic substances; pectinates and pectates imports contracted to $5.2M in 2022. The total import value increased at an average annual rate of +9.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. As a result, imports attained the peak of $6M, and then shrank in the following year.

Top Suppliers of Pectic Substances; Pectinates and Pectates to Australia in 2022:

1. Germany (87.5 tons)
2. China (74.3 tons)
3. Mexico (58.6 tons)
4. United States (47.4 tons)
5. Spain (45.1 tons)
6. Denmark (27.0 tons)
7. Brazil (9.8 tons)
8. Czech Republic (6.0 tons)
9. France (5.9 tons)

Exports of Pectic Substances; Pectinates and Pectates in Australia

In 2022, approx. 5.3 tons of pectic substances; pectinates and pectateses were exported from Australia; growing by 163% on the previous year's figure. Over the period under review, exports, however, showed a dramatic descent.

In value terms, pectic substances; pectinates and pectates exports soared to $110K in 2022. In general, exports, however, recorded a deep setback.

Top Export Markets for Pectic Substances; Pectinates and Pectates from Australia in 2022:

1. South Korea (4.4 tons)
2. Fiji (0.6 tons)
3. New Zealand (0.3 tons)

Source: IndexBox Market Intelligence Platform