Price for Vegetable Saps and Extracts; of Liquorice in Norway - 2024

Contents:

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

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

The average import price for vegetable saps and extracts; of liquorice stood at $9,041 per ton in 2022, shrinking by -9.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2020 an increase of 17% against the previous year. As a result, import price attained the peak level of $10,373 per ton. From 2021 to 2022, the average import prices remained at a somewhat 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 ($19,659 per ton), while the price for the Netherlands ($7,221 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.1%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for vegetable saps and extracts; of liquorice stood at $6,818 per ton in 2022, shrinking by -7.9% against the previous year. In general, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 when the average export price increased by 1,686% against the previous year. Over the period under review, the average export prices reached the peak figure at $13,432 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +12.3% per year.

Imports of Vegetable Saps and Extracts; of Liquorice in Norway

In 2022, approx. 34 tons of vegetable saps and extracts; of liquorice were imported into Norway; declining by -11.5% compared with the previous year. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 31%. As a result, imports reached the peak of 39 tons, and then shrank in the following year.

In value terms, imports of vegetable saps and extracts; of liquorice reduced sharply to $308K in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. As a result, imports reached the peak of $385K, and then declined dramatically in the following year.

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

1. Netherlands (23.3 tons)
2. France (5.4 tons)
3. Iran (1.3 tons)
4. Sweden (1.0 tons)
5. Denmark (0.8 tons)
6. Finland (0.7 tons)
7. Israel (0.6 tons)

Exports of Vegetable Saps and Extracts; of Liquorice in Norway

Exports of vegetable saps and extracts; of liquorice from Norway skyrocketed to 975 kg in 2022, growing by 9,650% against 2021 figures. Over the period under review, exports showed significant growth. 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 $6.6K in 2022. In general, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Germany (975.0 kg)

Source: IndexBox Market Intelligence Platform