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

Contents:

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

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

In September 2022, the average import price for vegetable saps and extracts; of liquorice amounted to $31,703 per ton, with a decrease of -49.1% against the previous month. In general, the import price, however, recorded a remarkable increase. The pace of growth appeared the most rapid in August 2022 an increase of 333% m-o-m. As a result, import price attained the peak level of $62,224 per ton, and then contracted markedly in the following month.

There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was Malaysia ($59,530 per ton), while the price for China ($4,174 per ton) was amongst the lowest.

From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In September 2022, the average export price for vegetable saps and extracts; of liquorice amounted to $57,807 per ton, increasing by 81% against the previous month. Over the period under review, the export price showed a strong expansion. The most prominent rate of growth was recorded in June 2022 an increase of 259% m-o-m. Over the period under review, the average export prices reached the peak figure at $60,666 per ton in March 2022; however, from April 2022 to September 2022, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Indonesia ($58,559 per ton), while the average price for exports to Malaysia amounted to $37,500 per ton.

From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+16.0%).

Imports of Vegetable Saps and Extracts; of Liquorice in Singapore

In 2022, purchases abroad of vegetable saps and extracts; of liquorice decreased by -12.7% to 120 tons, falling for the second year in a row after two years of growth. Overall, imports saw a perceptible decrease. The most prominent rate of growth was recorded in 2020 with an increase of 20% against the previous year. As a result, imports reached the peak of 154 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of vegetable saps and extracts; of liquorice soared to $1.8M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +16.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.5% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 31%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the near future.

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

1. Germany (31.3 tons)
2. Iran (25.0 tons)
3. Malaysia (17.2 tons)
4. United Kingdom (14.4 tons)
5. China (10.0 tons)
6. France (8.8 tons)
7. Israel (5.3 tons)

Exports of Vegetable Saps and Extracts; of Liquorice in Singapore

Exports of vegetable saps and extracts; of liquorice from Singapore soared to 37 tons in 2022, with an increase of 94% on the year before. Over the period under review, exports posted a significant expansion. 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 $928K in 2022. Overall, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Indonesia (22.5 tons)
2. Malaysia (13.1 tons)
3. China (1.1 tons)

Source: IndexBox Market Intelligence Platform