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

Contents:

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

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

In 2022, the average import price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses amounted to $18,981 per ton, picking up by 8.6% against the previous year. In general, the import price, however, saw a slight descent. The most prominent rate of growth was recorded in 2021 when the average import price increased by 18% against the previous year. The import price peaked at $25,230 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Spain ($19,967 per ton), while the price for China amounted to $7,117 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-1.2%).

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

The average export price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses stood at $3,354 per ton in 2022, which is down by -12.2% against the previous year. In general, the export price saw a pronounced setback. The most prominent rate of growth was recorded in 2018 a decrease of -5.2% against the previous year. The export price peaked at $4,511 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($4,091 per ton), while the average price for exports to South Africa totaled $3,321 per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lebanon (+21.3%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, imports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses into Pakistan skyrocketed to 52 tons, rising by 41% against 2021. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +11.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 soared to $979K in 2022. In general, total imports indicated a notable expansion from 2019 to 2022: its value increased at an average annual rate of +4.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.1% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Spain (47.5 tons)
2. China (4.0 tons)

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

In 2022, exports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses from Pakistan surged to 38 tons, growing by 198% on the previous year. In general, exports saw significant growth. As a result, the exports attained 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 skyrocketed to $126K in 2022. Overall, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. South Africa (36.8 tons)
2. United States (0.7 tons)

Source: IndexBox Market Intelligence Platform