Price for Vegetable Saps and Extracts; of Liquorice in Bulgaria - 2023

Contents:

1. Price for Vegetable Saps and Extracts; of Liquorice in Bulgaria (CIF) - 2022
2. Price for Vegetable Saps and Extracts; of Liquorice in Bulgaria (FOB) - 2022
3. Imports of Vegetable Saps and Extracts; of Liquorice in Bulgaria
4. Exports of Vegetable Saps and Extracts; of Liquorice in Bulgaria

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

In 2022, the average import price for vegetable saps and extracts; of liquorice amounted to $290,673 per ton, increasing by 159% against the previous year. In general, the import price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by 2,237% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($561,381 per ton), while the price for Hong Kong SAR stood at $41,029 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+51.8%).

Price for Vegetable Saps and Extracts; of Liquorice in Bulgaria (FOB) - 2022

The average export price for vegetable saps and extracts; of liquorice stood at $24,000 per ton in 2022, approximately reflecting the previous year. Over the period under review, the export price showed a resilient increase. The growth pace was the most rapid in 2020 when the average export price decreased by 99.9%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2019 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +58.7% per year.

Imports of Vegetable Saps and Extracts; of Liquorice in Bulgaria

In 2022, overseas purchases of vegetable saps and extracts; of liquorice decreased by -74.7% to 55 kg, falling for the second consecutive year after two years of growth. Overall, imports, however, showed a prominent increase. The growth pace was the most rapid in 2020 when imports increased by 529%. As a result, imports attained the peak of 258 kg. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of vegetable saps and extracts; of liquorice declined significantly to $16K in 2022. In general, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 125%.

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

1. Hong Kong SAR (34.0 kg)
2. Russia (21.0 kg)

Exports of Vegetable Saps and Extracts; of Liquorice in Bulgaria

In 2022, shipments abroad of vegetable saps and extracts; of liquorice decreased by 0% to 1 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports saw a precipitous setback. The smallest decline of 99.9% was in 2020.

In value terms, exports of vegetable saps and extracts; of liquorice amounted to $24 in 2022. Overall, exports saw a sharp downturn. The smallest decline of 99.9% was in 2020.

Top Export Markets for Vegetable Saps and Extracts; of Liquorice from Bulgaria in 2022:

1. Netherlands (1.0 kg)

Source: IndexBox Market Intelligence Platform