Price for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Saudi Arabia - 2022

Contents:

1. Price for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Saudi Arabia (FOB) - 2022
2. Exports of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Saudi Arabia

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

In 2022, the average export price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses amounted to $10,349 per ton, waning by -32% against the previous year. In general, export price indicated a resilient expansion from 2020 to 2022: its price increased at an average annual rate of +10.2% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses increased by +21.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 78%. As a result, the export price attained the peak level of $15,214 per ton, and then fell dramatically in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($10,667 per ton), while the average price for exports to the United Arab Emirates amounted to $4,000 per ton.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, approx. 43 kg of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses were exported from Saudi Arabia; jumping by 54% on 2021 figures. Over the period under review, exports, however, continue to indicate a dramatic descent.

In value terms, exports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses rose slightly to $445 in 2022. In general, exports, however, faced a sharp shrinkage.

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

1. Malaysia (21.0 kg)
2. United Arab Emirates (1.0 kg)

Source: IndexBox Market Intelligence Platform