What is the price of agar per kilogram/pound in Vietnam today?
The retail price range for Vietnam agar is between US$ 30.64 and US$ 95.75 per kilogram or between US$ 13.90 and US$ 43.42 per pound(lb). Click here to see today's exact prices of agar in Vietnam
The retail price range in Dong for agar is between VND 766,000.00 and VND 2,393,750.00 per kilogram or between VND 347,392.29 and VND 1,085,600.91 per pound(lb) in Hanoi and Ho Chi Minh City.
Wholesale prices
In 2024, the approximate wholesale price range for Vietnam agar is between US$ 21.45 and US$ 67.03 per kilogram or between US$ 9.73 and US$ 30.40 per pound(lb).
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Vietnam Agar Export Prices - Historical, Trends and Prediction
The export price per kilogram of Agar from Vietnam has seen a steady increase over the last five years. In 2013, the price was 20.60 US dollars per kg, and by 2020, it had risen to 25.90 US dollars per kg. This represents an increase of 25.3%. The highest price was recorded in 2018, at 31.67 US dollars per kg. The price then dropped slightly in 2019 to 31.35 US dollars per kg, before dropping again in 2020 to 25.90 US dollars per kg. Based on this trend, it is predicted that the export price per kilogram of Agar from Vietnam will be 28.45 US dollars per kg in 2023 and 30.20 US dollars per kg in 2024.Vietnam Agar Import Prices - Historical, Trends and Prediction
The import price per kilogram of Agar into Vietnam has seen a steady increase over the past five years. In 2015, the price was 27.82 US dollars per kg, and this increased to 31.67 US dollars per kg in 2018. The price then decreased slightly to 31.35 US dollars per kg in 2019, before dropping further to 25.90 US dollars per kg in 2020. Based on this trend, it is likely that the import price per kilogram of Agar into Vietnam will continue to decrease in the next few years, and we can predict that the price will be around 24.00 US dollars per kg in 2023 and 22.00 US dollars per kg in 2024.Export values for Vietnam agar
The total values in export for agar in Vietnam were US$ 718, US$ 3,694, US$ 3,420 and US$ 14,577 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Vietnam: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of agar in other countries across Asia: Kazakhstan agar, Kyrgyzstan agar, Tajikistan agar, Turkmenistan agar, Uzbekistan agar, China agar, Hong Kong agar, Macao agar, North Korea agar & Mongolia agar.
Vietnam agar - Production, Exports, Imports, Seasons and HS Codes
In 2019 Vietnam shipped 465 tonnes of agar. Through 2019 alone, the demand for Vietnam agar (processed category) has escalated, recording a change of 330.556 % compared to the year 2018. Between 2017 and 2019, agar's exports increased by 225.17 pc netting Vietnam US$14.58m for the year 2019. Vietnam's agar exports are categorised as:
- Agar-agar, whether or not modified (HS code 130231)
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Vietnam agar export values
In 2019, Vietnam shipped agar valued at 14.58m USD, an improvement of 326.32% from 2018's total agar export of 3.42m USD. The yearly increase in value of Vietnam agar between 2017 to 2018 was -7.417 percent.
The yearly change in the quantity of Vietnam's agar exports between 2017 and 2019 was 225.17% when compared to a variation of 330.556% in the growth rate between 2018 and 2019.
Vietnam's stake of the world's total agar's exports in 2019 was less than 1%. Vietnam holds number 43 in world exports of agar.
Export markets for Vietnam agar ( in '000$ )
Import/Export Trends
Vietnam is a net importer of agar. The annual growth of Vietnam agar in value between 2015 to 2019 was -20%, per annum, while annual growth in quantity was -15%, per annum.
Vietnam purchased 121 tonnes of agar in 2019.