Price for Mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable products in Singapore - 2022
Contents:
- Price for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Singapore (CIF) - 2022
- Price for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Singapore (FOB) - 2022
- Imports of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Singapore
- Exports of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Singapore
Price for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Singapore (CIF) - 2022
In 2022, the average import price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses amounted to $15,372 per ton, jumping by 52% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The pace of growth was the most pronounced in 2013 when the average import price increased by 54% against the previous year. As a result, import price attained the peak level of $16,656 per ton. From 2014 to 2022, the average 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 Chile ($25,230 per ton), while the price for South Korea ($1,559 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.7%), 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 Singapore (FOB) - 2022
The average export price for mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses stood at $28,744 per ton in 2022, surging by 11% against the previous year. Overall, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. 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 +70.8% against 2017 indices. The growth pace was the most rapid in 2018 an increase of 37%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($114,358 per ton), while the average price for exports to Hong Kong SAR ($9,294 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 the UK (+29.1%), 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 Singapore
In 2022, overseas purchases of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses decreased by -9.1% to 79 tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 18%. As a result, imports reached the peak of 131 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses skyrocketed to $1.2M in 2022. Overall, imports showed a perceptible downturn.
| Import of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 549 | 812 | 496 | 768 | 11.8% |
| Chile | 453 | 611 | 96.4 | 278 | -15.0% |
| Taiwan (Chinese) | 123 | 81.1 | 92.6 | 39.2 | -31.7% |
| Japan | 33.8 | 42.5 | 44.8 | 30.5 | -3.4% |
| Malaysia | 71.9 | 91.4 | 48.2 | 30.2 | -25.1% |
| Philippines | 6.1 | 18.2 | 13.6 | 8.3 | 10.8% |
| South Korea | 5.1 | 13.4 | 8.6 | 5.4 | 1.9% |
| Others | 149 | 85.9 | 74.6 | 52.5 | -29.4% |
| Total | 1,391 | 1,756 | 875 | 1,212 | -4.5% |
Top Suppliers of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products to Singapore in 2022:
- China (48.4 tons)
- Chile (11.0 tons)
- Taiwan (Chinese) (9.0 tons)
- South Korea (3.5 tons)
- Malaysia (3.1 tons)
- Japan (1.4 tons)
- Philippines (1.0 tons)
Exports of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Singapore
In 2022, overseas shipments of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses decreased by -21.4% to 42 tons, falling for the second year in a row after two years of growth. In general, exports saw a abrupt setback. The growth pace was the most rapid in 2020 when exports increased by 12%. As a result, the exports reached the peak of 85 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of mucilages and thickeners; agar-agar, whether or not modified, derived from vegetable productses shrank to $1.2M in 2022. Over the period under review, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 38%. As a result, the exports reached the peak of $2.1M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 1,074 | 1,873 | 1,220 | 1,074 | 0.0% |
| Vietnam | 57.3 | 78.4 | 54.5 | 74.3 | 9.0% |
| Brunei Darussalam | 47.4 | 44.8 | 41.3 | 19.5 | -25.6% |
| Hong Kong SAR | 27.0 | 5.5 | 6.9 | 9.8 | -28.7% |
| Bangladesh | 183 | 1.9 | 0.4 | 2.6 | -75.8% |
| Others | 119 | 73.9 | 67.1 | 30.3 | -36.6% |
| Total | 1,507 | 2,078 | 1,390 | 1,210 | -7.1% |
Top Export Markets for Mucilages and Thickeners; Agar-Agar, Whether or Not Modified, Derived from Vegetable Products from Singapore in 2022:
- Malaysia (37.3 tons)
- Vietnam (1.7 tons)
- Brunei Darussalam (1.2 tons)
- Hong Kong SAR (1.1 tons)
- Bangladesh (0.1 tons)
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