Price for Vegetable Saps and Extracts; of Liquorice in Belarus - 2022

Contents:

1. Price for Vegetable Saps and Extracts; of Liquorice in Belarus (CIF) - 2022
2. Imports of Vegetable Saps and Extracts; of Liquorice in Belarus

Price for Vegetable Saps and Extracts; of Liquorice in Belarus (CIF) - 2022

The average import price for vegetable saps and extracts; of liquorice stood at $23,058 per ton in 2022, increasing by 20% against the previous year. Over the period under review, the import price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 98% against the previous year. As a result, import price attained the peak level of $28,571 per ton. From 2019 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($79,000 per ton), while the price for Spain ($10,786 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+10.2%), while the prices for the other major suppliers experienced a decline.

Imports of Vegetable Saps and Extracts; of Liquorice in Belarus

In 2022, purchases abroad of vegetable saps and extracts; of liquorice was finally on the rise to reach 52 kg for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a drastic downturn.

In value terms, imports of vegetable saps and extracts; of liquorice soared to $1.2K in 2022. Over the period under review, imports, however, recorded a deep downturn.

Top Suppliers of Vegetable Saps and Extracts; of Liquorice to Belarus in 2022:

1. Russia (34.0 kg)
2. Spain (14.0 kg)
3. China (3.0 kg)

Source: IndexBox Market Intelligence Platform