Price for Mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable products in Nigeria - 2022
Contents:
- Price for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Nigeria (CIF) - 2022
- Imports of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Nigeria
Price for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Nigeria (CIF) - 2022
In 2022, the average import price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses amounted to $4,594 per ton, declining by -75.5% against the previous year. Overall, the import price faced a drastic downturn. The most prominent rate of growth was recorded in 2021 an increase of 148%. As a result, import price attained the peak level of $18,777 per ton, and then fell remarkably in the following year.
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 ($24,734 per ton), while the price for the Philippines totaled $4,417 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.3%), while the prices for the other major suppliers experienced a decline.
Imports of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Nigeria
In 2022, imports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses into Nigeria skyrocketed to 14 tons, with an increase of 379% against 2021. Overall, imports continue to indicate significant growth. 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 $65K in 2022. In general, imports recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 110% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.
| Import of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 14.7 | N/A | N/A | 62.3 | 61.8% |
| India | 9.4 | 1.0 | 3.9 | 3.1 | -30.9% |
| Hungary | 1.0 | 4.6 | 28.1 | N/A | 430.1% |
| United Kingdom | 4.8 | 13.7 | 0.2 | N/A | -79.6% |
| France | 1.2 | 2.8 | 8.9 | N/A | 172.3% |
| Netherlands | 1.2 | 3.0 | 9.7 | N/A | 184.3% |
| Others | 5.0 | 1.4 | 5.0 | N/A | 0.0% |
| Total | 37.4 | 26.5 | 55.8 | 65.4 | 20.5% |
Top Suppliers of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products to Nigeria in 2022:
- Philippines (14.1 tons)
- India (0.1 tons)
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