The global agar-agar export market is significantly dominated by China, with a leading position in 2023, showing a steady growth of 3.58%. Spain and Morocco follow, also exhibiting growth. While Chile recorded a decline of 3.88%, the Netherlands showed one of the highest growth rates at 3.86%. Remarkably, the smaller markets such as Ukraine and the Philippines saw significant growth, with 8.63% and 13.07%, respectively. However, some countries like Australia and Malaysia experienced substantial declines of 23.19% and 18.83%.
Future trends could be influenced by increasing demand for agar-agar in the plant-based food industry, renewed environmental regulations impacting production, and shifts in consumer preferences towards sustainable food products. Monitoring emerging markets and trade agreements could also provide insights into potential growth opportunities and market dynamics.
Top countries in Export of Agar-Agar by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 102,170,000 | 2023 | +2.85% | +3.58% | View data |
| 2 | 2 Spain | 50,065,000 | 2023 | +3.01% | +3.79% | View data |
| 3 | 3 Morocco | 37,455,000 | 2023 | +2.4% | +1.93% | View data |
| 4 | 4 Chile | 28,131,000 | 2023 | -2.9% | -3.88% | View data |
| 5 | 5 Indonesia | 14,231,000 | 2023 | +1.85% | +0.087% | View data |
| 6 | 6 South Korea | 14,023,000 | 2023 | +1.25% | +0.59% | View data |
| 7 | 7 Germany | 12,141,000 | 2023 | +0.17% | +0.9% | View data |
| 8 | 8 United States | 6,091,900 | 2023 | +0.91% | +0.34% | View data |
| 9 | 9 Belgium | 3,452,500 | 2023 | +2.63% | +3.37% | View data |
| 10 | 10 United Kingdom | 3,342,400 | 2023 | +2.82% | +3.15% | View data |
