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

Contents:

1. Price for Vegetable Saps and Extracts; of Liquorice in Austria (CIF) - 2023
2. Price for Vegetable Saps and Extracts; of Liquorice in Austria (FOB) - 2022
3. Imports of Vegetable Saps and Extracts; of Liquorice in Austria
4. Exports of Vegetable Saps and Extracts; of Liquorice in Austria

Price for Vegetable Saps and Extracts; of Liquorice in Austria (CIF) - 2023

The average import price for vegetable saps and extracts; of liquorice stood at $10,876 per ton in September 2023, growing by 53% against the previous month. Over the period under review, the import price continues to indicate prominent growth. The growth pace was the most rapid in October 2022 an increase of 422% against the previous month. As a result, import price reached the peak level of $30,870 per ton. From November 2022 to September 2023, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Germany ($10,959 per ton), while the price for Italy stood at $9,403 per ton.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+5.3%).

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

The average export price for vegetable saps and extracts; of liquorice stood at $98,500 per ton in 2022, surging by 291% against the previous year. Over the period under review, the export price enjoyed a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($126,400 per ton), while the average price for exports to Italy totaled $52,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+137.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Vegetable Saps and Extracts; of Liquorice in Austria

In 2022, purchases abroad of vegetable saps and extracts; of liquorice decreased by -23.4% to 210 tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 75%. As a result, imports reached the peak of 376 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 shrank sharply to $1.3M in 2022. In general, imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 70%. As a result, imports attained the peak of $2.8M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

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

1. Germany (208.6 tons)

Exports of Vegetable Saps and Extracts; of Liquorice in Austria

In 2022, shipments abroad of vegetable saps and extracts; of liquorice decreased by -87.7% to 8 kg, falling for the second consecutive year after two years of growth. Overall, exports saw a dramatic decrease. The most prominent rate of growth was recorded in 2020 with an increase of 71%. As a result, the exports reached the peak of 31 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of vegetable saps and extracts; of liquorice dropped remarkably to $788 in 2022. Over the period under review, exports showed a significant contraction. The pace of growth was the most pronounced in 2020 when exports increased by 73% against the previous year. As a result, the exports attained the peak of $252K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

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

1. Switzerland (5.0 kg)
2. Italy (3.0 kg)

Source: IndexBox Market Intelligence Platform