Price for Vegetable Saps and Extracts; Opium in India - 2023
Contents:
- Price for Vegetable Saps and Extracts; Opium in India (FOB) - 2022
- Price for Vegetable Saps and Extracts; Opium in India (CIF) - 2022
- Exports of Vegetable Saps and Extracts; Opium in India
- Imports of Vegetable Saps and Extracts; Opium in India
Price for Vegetable Saps and Extracts; Opium in India (FOB) - 2022
The average export price for vegetable saps and extracts; opia stood at $97,440 per ton in 2022, rising by 2.2% against the previous year. Overall, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vegetable saps and extracts; opium export price decreased by -19.0% against 2019 indices. The pace of growth appeared the most rapid in 2019 an increase of 75%. As a result, the export price reached the peak level of $120,362 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($122,289 per ton), while the average price for exports to Indonesia ($17,746 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Vegetable Saps and Extracts; Opium in India (CIF) - 2022
In 2022, the average import price for vegetable saps and extracts; opia amounted to $8,357 per ton, surging by 40% against the previous year. In general, the import price, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2019 an increase of 81% against the previous year. The import price peaked at $19,767 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 Denmark ($26,325 per ton), while the price for Nigeria ($6,794 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (-5.7%).
Exports of Vegetable Saps and Extracts; Opium in India
In 2022, approx. 11 tons of vegetable saps and extracts; opia were exported from India; waning by -9.9% on the previous year. In general, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2021 when exports increased by 19% against the previous year.
In value terms, vegetable saps and extracts; opium exports reduced to $1.1M in 2022. Over the period under review, exports faced a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by 4.7%.
| Export of Vegetable Saps and Extracts; Opium in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 859 | 682 | 493 | 468 | -18.3% |
| France | 551 | 318 | 272 | 282 | -20.0% |
| Germany | 19.3 | 27.6 | 19.9 | 18.8 | -0.9% |
| Singapore | 13.8 | 13.7 | 12.4 | 14.7 | 2.1% |
| United States | 18.0 | 14.9 | 11.3 | 11.2 | -14.6% |
| United Arab Emirates | 3.6 | 4.5 | 8.0 | 7.9 | 29.9% |
| Indonesia | 3.2 | 4.8 | 3.6 | 3.6 | 4.0% |
| Others | 135 | 59.9 | 358 | 278 | 27.2% |
| Total | 1,602 | 1,126 | 1,179 | 1,085 | -12.2% |
Top Export Markets for Vegetable Saps and Extracts; Opium from India in 2022:
- Japan (5.8 tons)
- France (2.6 tons)
- Singapore (0.4 tons)
- United Arab Emirates (0.4 tons)
- Indonesia (0.2 tons)
- United States (0.2 tons)
- Germany (0.2 tons)
Imports of Vegetable Saps and Extracts; Opium in India
In 2022, after three years of growth, there was significant decline in supplies from abroad of vegetable saps and extracts; opia, when their volume decreased by -43% to 451 kg. Overall, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 256% against the previous year.
In value terms, vegetable saps and extracts; opium imports shrank rapidly to $3.8K in 2022. Over the period under review, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 103%.
| Import of Vegetable Saps and Extracts; Opium in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | 0.9 | 2.6 | 4.3 | 2.7 | 44.2% |
| Denmark | N/A | N/A | N/A | 0.4 | 0% |
| United Kingdom | 0.1 | 0.2 | 0.4 | 0.3 | 44.2% |
| Others | 0.4 | N/A | N/A | 0.4 | 0.0% |
| Total | 1.4 | 2.8 | 4.7 | 3.8 | 39.5% |
Top Suppliers of Vegetable Saps and Extracts; Opium to India in 2022:
- Nigeria (392.0 kg)
- United Kingdom (30.0 kg)
- Denmark (15.0 kg)
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