Price for Mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable products in Hungary - 2023

Contents:

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

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

The average import price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses stood at $18,037 per ton in 2022, falling by -12.5% against the previous year. Over the period under review, the import price saw a perceptible contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 20% against the previous year. As a result, import price attained the peak level of $29,472 per ton. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($65,258 per ton), while the price for Spain ($14,856 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses amounted to $60,136 per ton, picking up by 13% against the previous year. In general, the export price saw a strong expansion. The growth pace was the most rapid in 2018 an increase of 60%. As a result, the export price reached the peak level of $75,000 per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Moldova ($128,750 per ton), while the average price for exports to Slovakia ($30,000 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 Moldova (+44.4%), 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 Hungary

In 2022, supplies from abroad of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses decreased by -24.8% to 10 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 73%.

In value terms, imports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses contracted sharply to $185K in 2022. Overall, imports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of 56% against the previous year.

Import of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Hungary (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain49.110217613841.1%
Germany48.759.955.833.9-11.4%
Poland10.223.536.84.8-22.2%
United Kingdom13.62.92.21.2-55.5%
Italy5.58.73.61.1-41.5%
Others7.112.87.36.5-2.9%
Total13421028118511.3%

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

  1. Spain (9.3 tons)
  2. Germany (0.5 tons)
  3. Poland (0.3 tons)
  4. Italy (0.1 tons)

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

In 2022, shipments abroad of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses increased by 112% to 235 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports showed strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses surged to $14K in 2022. Overall, exports posted strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Hungary (USD)
COUNTRY2019202020212022CAGR,
2019-2022
MoroccoN/AN/AN/A1,9230%
MoldovaN/A1,482N/A1,5452.1%
South AfricaN/AN/AN/A1,3200%
GreeceN/A1,0504061,2177.7%
MaltaN/A4801401,21559.1%
Romania2736941,03896352.2%
PolandN/A56.0421761268.6%
Slovakia13325940875078.0%
Jordan4661055725596.3%
Serbia1,114N/A319553-20.8%
LithuaniaN/A25132853546.0%
Lebanon573513171533-2.4%
AzerbaijanN/AN/AN/A4630%
Others6,1852,7132,0861,795-33.8%
Total8,7447,6035,88914,13217.4%

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

  1. Morocco (34.0 kg)
  2. Romania (27.0 kg)
  3. Slovakia (25.0 kg)
  4. South Africa (22.0 kg)
  5. Malta (22.0 kg)
  6. Greece (14.0 kg)
  7. Jordan (13.0 kg)
  8. Moldova (12.0 kg)
  9. Poland (9.0 kg)
  10. Serbia (8.0 kg)
  11. Lebanon (8.0 kg)
  12. Lithuania (6.0 kg)
  13. Azerbaijan (5.0 kg)

Source: IndexBox Market Intelligence Platform

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