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

Contents:

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

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

The average import price for vegetable saps and extracts; of liquorice stood at $8,606 per ton in 2022, with a decrease of -7.9% against the previous year. In general, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for vegetable saps and extracts; of liquorice decreased by -42.4% against 2020 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 41% against the previous year. Over the period under review, average import prices reached the peak figure at $14,938 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($11,826 per ton), while the price for the Netherlands ($7,229 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 (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for vegetable saps and extracts; of liquorice amounted to $8,639 per ton, growing by 28% against the previous year. Overall, the export price, however, continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 when the average export price increased by 125%. The export price peaked at $20,108 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($21,500 per ton), while the average price for exports to Germany ($5,608 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 the United States (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vegetable Saps and Extracts; of Liquorice in Spain

In 2022, the amount of vegetable saps and extracts; of liquorice imported into Spain soared to 100 tons, increasing by 29% against the previous year's figure. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +21.1% 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 +77.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 48% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of vegetable saps and extracts; of liquorice surged to $859K in 2022. In general, imports posted a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of 96% against the previous year. As a result, imports attained the peak of $1.2M. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. Germany (47.5 tons)
2. Netherlands (17.4 tons)
3. China (13.6 tons)
4. France (10.1 tons)
5. United Arab Emirates (6.8 tons)
6. South Korea (1.7 tons)
7. Portugal (0.7 tons)

Exports of Vegetable Saps and Extracts; of Liquorice in Spain

After three years of growth, overseas shipments of vegetable saps and extracts; of liquorice decreased by -49.4% to 15 tons in 2022. In general, exports recorded a drastic downturn. The pace of growth was the most pronounced in 2020 with an increase of 9.5% against the previous year.

In value terms, exports of vegetable saps and extracts; of liquorice dropped significantly to $130K in 2022. Overall, exports saw a drastic downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 26%. As a result, the exports reached the peak of $225K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

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

1. Germany (10.3 tons)
2. Mexico (2.1 tons)
3. China (0.8 tons)
4. France (0.5 tons)
5. Morocco (0.4 tons)
6. United States (0.3 tons)

Source: IndexBox Market Intelligence Platform