In 2023, the import value of Agar-Agar to France was below the forecasted 2024 value of 15.002 million USD. From 2024 to 2028, the forecasted data suggest a steady growth in imports. The year-on-year growth is consistent, showing an increase of around 2.7%. The five-year compound annual growth rate (CAGR) from 2024 to 2028 is approximately 2.5%, indicating a stable upward trend in import value.
Future trends to watch for include:
- Rising demand in the food and pharmaceutical sectors as Agar-Agar is widely used as a natural thickener and gelling agent.
- Possible price fluctuations driven by global supply chain disruptions or environmental factors affecting seaweed harvests.
- Shifts in trade policies that may impact import tariffs and trade agreements, influencing import dynamics.
