In 2023, China led the global export of agar-agar, contributing a substantial 46.79% share by volume. Other major exporters included Spain at 10.84%, and Chile at 9.44%. While China and Spain saw modest year-on-year increases of 2.82% and 3.04%, respectively, Chile experienced a decrease of 1.74%. Notably, Belgium and Russia exhibited significant growth with 3.67% and 4.37%, respectively. Conversely, countries like Indonesia and Japan faced notable declines at -4.32% and -7.54%, respectively. The long-term CAGR for agar-agar export volume indicates a diverse set of shifts reflective of global market dynamics.
Future trends to watch include:
- China's continuing dominance in the global agar-agar market.
- Potential growth in Spanish and Russian markets due to recent positive variations.
- Challenges in regions like Indonesia and Japan, which are experiencing export declines.
- Emerging markets like Poland and Lebanon, evidenced by substantial growth rates.
Top countries in Export of Agar-Agar Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 46.79 | 2023 | +2.52% | +2.82% | View data |
| 2 | 2 Spain | 10.84 | 2023 | +2.01% | +3.04% | View data |
| 3 | 3 Chile | 9.44 | 2023 | -0.39% | -1.74% | View data |
| 4 | 4 Indonesia | 8.23 | 2023 | -2.8% | -4.32% | View data |
| 5 | 5 Morocco | 7.29 | 2023 | +0.45% | +0.095% | View data |
| 6 | 6 Germany | 3.19 | 2023 | -1.6% | -0.31% | View data |
| 7 | 7 South Korea | 3.07 | 2023 | -0.0073% | -0.01% | View data |
| 8 | 8 United States | 1.12 | 2023 | -1.07% | -2.19% | View data |
| 9 | 9 Belgium | 0.87 | 2023 | +2.73% | +3.67% | View data |
| 10 | 10 Russia | 0.8 | 2023 | +5.46% | +4.37% | View data |
