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

Contents:

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

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

In 2022, the average import price for vegetable saps and extracts; of liquorice amounted to $5,383 per ton, declining by -18.9% against the previous year. Over the period under review, the import price recorded a perceptible contraction. The pace of growth was the most pronounced in 2017 an increase of 49%. As a result, import price reached the peak level of $13,279 per ton. From 2018 to 2022, the average 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 India ($20,438 per ton), while the price for the United Arab Emirates ($3,715 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 (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for vegetable saps and extracts; of liquorice amounted to $4,131 per ton, reducing by -45.8% against the previous year. In general, the export price saw a abrupt contraction. The pace of growth appeared the most rapid in 2015 an increase of 179%. As a result, the export price attained the peak level of $11,619 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($9,177 per ton), while the average price for exports to Canada amounted to $2,081 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vegetable Saps and Extracts; of Liquorice in Australia

In 2022, supplies from abroad of vegetable saps and extracts; of liquorice decreased by -11% to 94 tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 149%. As a result, imports reached the peak of 118 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of vegetable saps and extracts; of liquorice declined sharply to $508K in 2022. In general, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2020 when imports increased by 117% against the previous year. As a result, imports attained the peak of $724K. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. United Arab Emirates (79.6 tons)
2. India (7.9 tons)
3. China (4.8 tons)
4. France (1.0 tons)
5. Germany (0.5 tons)

Exports of Vegetable Saps and Extracts; of Liquorice in Australia

In 2022, approx. 42 tons of vegetable saps and extracts; of liquorice were exported from Australia; surging by 8.7% against 2021. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 216%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, exports of vegetable saps and extracts; of liquorice contracted rapidly to $174K in 2022. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 278% against the previous year. As a result, the exports reached the peak of $296K, and then declined markedly in the following year.

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

1. Canada (31.0 tons)
2. United States (10.9 tons)

Source: IndexBox Market Intelligence Platform