Price for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Egypt - 2023

Contents:

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

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

In 2022, the average import price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses amounted to $21,380 per ton, increasing by 5.3% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 49%. Over the period under review, average import prices attained the peak figure at $24,432 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were France ($21,411 per ton) and Indonesia ($21,385 per ton), while the price for China ($21,365 per ton) and Morocco ($21,379 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.5%), 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 Egypt (FOB) - 2022

The average export price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses stood at $47,000 per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by 108%. The export price peaked in 2022 and is likely to see steady growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Norway.

From 2015 to 2022, the rate of growth in terms of prices for Spain amounted to +108.3% per year.

Imports of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Egypt

In 2022, after two years of decline, there was significant growth in purchases abroad of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses, when their volume increased by 35% to 53 tons. Over the period under review, imports, however, showed a abrupt shrinkage.

In value terms, imports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses soared to $1.1M in 2022. In general, imports, however, saw a deep reduction.

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

1. Morocco (21.7 tons)
2. Italy (13.9 tons)
3. Spain (10.5 tons)
4. India (3.9 tons)
5. Indonesia (0.9 tons)

Exports of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Egypt

In 2022, shipments abroad of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses was finally on the rise to reach 5 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, faced a sharp decrease.

In value terms, exports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses skyrocketed to $235 in 2022. Overall, exports, however, showed a sharp decline. The growth pace was the most rapid in 2021 when exports increased by 36% against the previous year.

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

1. Norway (5.0 kg)

Source: IndexBox Market Intelligence Platform