Price for Vegetable Saps and Extracts; of Liquorice in China - 2023
Contents:
- Price for Vegetable Saps and Extracts; of Liquorice in China (FOB) - 2023
- Price for Vegetable Saps and Extracts; of Liquorice in China (CIF) - 2023
- Exports of Vegetable Saps and Extracts; of Liquorice in China
- Imports of Vegetable Saps and Extracts; of Liquorice in China
Price for Vegetable Saps and Extracts; of Liquorice in China (FOB) - 2023
The average export price for vegetable saps and extracts; of liquorice stood at $11,828 per ton in December 2023, surging by 73% against the previous month. Over the period under review, export price indicated a strong expansion from December 2022 to December 2023: its price increased at an average monthly rate of +6.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, export price for vegetable saps and extracts; of liquorice increased by +73.2% against November 2023 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($17,282 per ton), while the average price for exports to the Netherlands ($5,900 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+19.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Vegetable Saps and Extracts; of Liquorice in China (CIF) - 2023
The average import price for vegetable saps and extracts; of liquorice stood at $4,152 per ton in December 2023, increasing by 4% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in August 2023 when the average import price increased by 22% m-o-m. The import price peaked at $4,760 per ton in May 2023; however, from June 2023 to December 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was the United Arab Emirates ($4,200 per ton), while the price for Turkmenistan ($3,989 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Vegetable Saps and Extracts; of Liquorice in China
In 2022, the amount of vegetable saps and extracts; of liquorice exported from China surged to 4.3K tons, growing by 126% against the year before. Over the period under review, exports enjoyed a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of vegetable saps and extracts; of liquorice soared to $27M in 2022. Overall, exports posted a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Vegetable Saps and Extracts; of Liquorice in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.4 | 1.9 | 1.8 | 10.8 | 65.1% |
| France | 6.1 | 16.5 | 4.6 | 9.6 | 16.3% |
| Japan | 0.2 | 0.2 | 0.3 | 1.7 | 104.1% |
| Indonesia | 1.3 | 0.9 | 1.2 | 1.1 | -5.4% |
| Taiwan (Chinese) | 0.7 | 1.1 | 1.0 | 0.8 | 4.6% |
| Thailand | 0.2 | 0.4 | 0.5 | 0.7 | 51.8% |
| Germany | 1.6 | 1.0 | 0.6 | 0.4 | -37.0% |
| United Arab Emirates | 3.3 | 0.3 | N/A | 0.1 | -68.8% |
| Others | 0.8 | 1.7 | 1.6 | 2.1 | 37.9% |
| Total | 16.5 | 24.0 | 11.7 | 27.3 | 18.3% |
Top Export Markets for Vegetable Saps and Extracts; of Liquorice from China in 2022:
- France (1787.8 tons)
- United States (1780.4 tons)
- Indonesia (130.4 tons)
- Japan (111.7 tons)
- Taiwan (Chinese) (102.8 tons)
- Thailand (93.7 tons)
- Germany (53.8 tons)
- United Arab Emirates (24.7 tons)
Imports of Vegetable Saps and Extracts; of Liquorice in China
In 2022, supplies from abroad of vegetable saps and extracts; of liquorice was finally on the rise to reach 3.4K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, faced a deep downturn.
In value terms, imports of vegetable saps and extracts; of liquorice surged to $15M in 2022. In general, imports, however, saw a deep downturn.
| Import of Vegetable Saps and Extracts; of Liquorice in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkmenistan | 7.2 | 3.7 | 5.1 | 9.1 | 8.1% |
| Uzbekistan | 2.7 | 1.2 | 2.1 | 3.7 | 11.1% |
| Tajikistan | N/A | N/A | N/A | 1.6 | 0% |
| United Arab Emirates | 14.4 | 8.8 | 2.4 | 0.3 | -72.5% |
| Others | 0.2 | 0.4 | 0.3 | 0.8 | 58.7% |
| Total | 24.5 | 14.1 | 10.0 | 15.4 | -14.3% |
Top Suppliers of Vegetable Saps and Extracts; of Liquorice to China in 2022:
- Turkmenistan (2033.6 tons)
- Uzbekistan (1078.1 tons)
- United Arab Emirates (92.0 tons)
- Tajikistan (89.7 tons)
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