In 2023, China led global agar-agar exports, albeit with a slight decline of 1.68% year-on-year, followed by Spain and Germany. The United States also experienced a decrease, while Germany's exports rose by 5.76%. Notably, the Philippines and Bangladesh showed remarkable export growth. In contrast, Malaysia faced a significant drop. Austria and Sweden reported some of the highest growth rates among smaller exporters. Over the past five years, the compound annual growth rate (CAGR) varies across countries, with some, like Germany and Thailand, experiencing higher than average growth.
Looking ahead, rising demand for natural and plant-based alternatives is expected to drive growth in key regions, with potential increases in export values from leading countries like China and Spain. Market diversification and innovation in agar-based applications may further influence trade dynamics.
Top countries in Agar-Agar Exports by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 78,733,000 | 2023 | +3.98% | -1.68% | View data |
| 2 | 2 Spain | 44,591,000 | 2023 | +2.36% | +1.42% | View data |
| 3 | 3 Germany | 15,646,000 | 2023 | +6.01% | +5.76% | View data |
| 4 | 4 Indonesia | 14,166,000 | 2023 | +2.23% | -0.0038% | View data |
| 5 | 5 United States | 4,332,400 | 2023 | -0.4% | -0.66% | View data |
| 6 | 6 Mexico | 2,189,700 | 2023 | +0.73% | +1.91% | View data |
| 7 | 7 France | 1,823,500 | 2023 | +5.29% | -3.67% | View data |
| 8 | 8 Thailand | 1,810,300 | 2023 | +3.38% | +3.3% | View data |
| 9 | 9 Switzerland | 1,043,600 | 2023 | -0.17% | -2.77% | View data |
| 10 | 10 Austria | 664,490 | 2023 | +3.01% | +6.99% | View data |
