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

Contents:

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

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

The average import price for vegetable saps and extracts; of liquorice stood at $15,579 per ton in 2022, picking up by 164% against the previous year. In general, the import price enjoyed a resilient expansion. The pace of growth was the most pronounced in 2020 when the average import price increased by 191%. As a result, import price reached the peak level of $16,200 per ton. From 2021 to 2022, the average 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 Turkey ($77,861 per ton), while the price for France amounted to $7,425 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+38.0%).

Price for Vegetable Saps and Extracts; of Liquorice in Azerbaijan (FOB) - 2023

In June 2023, the average export price for vegetable saps and extracts; of liquorice amounted to $10,400 per ton, approximately reflecting the previous month. Overall, the export price continues to indicate a abrupt curtailment. As a result, the export price reached the peak level of $33,588 per ton. From July 2022 to June 2023, the the average export prices remained at a somewhat lower figure.

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

From June 2022 to June 2023, the rate of growth in terms of prices for Japan amounted to -9.3% per month.

Imports of Vegetable Saps and Extracts; of Liquorice in Azerbaijan

Imports of vegetable saps and extracts; of liquorice into Azerbaijan shrank rapidly to 311 kg in 2022, waning by -67.4% against the year before. Over the period under review, imports recorded a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 3,712%.

In value terms, imports of vegetable saps and extracts; of liquorice reduced to $4.8K in 2022. In general, imports showed a deep reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 1,288%.

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

1. France (275.0 kg)
2. Turkey (36.0 kg)

Exports of Vegetable Saps and Extracts; of Liquorice in Azerbaijan

In 2022, exports of vegetable saps and extracts; of liquorice from Azerbaijan shrank rapidly to 156 kg, which is down by -99.9% against 2021. Over the period under review, exports saw a sharp decline. The pace of growth appeared the most rapid in 2021 with an increase of 29%.

In value terms, exports of vegetable saps and extracts; of liquorice reduced markedly to $4.6K in 2022. Overall, exports faced a sharp reduction. The pace of growth was the most pronounced in 2021 with an increase of 13%.

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

1. Japan (156.0 kg)

Source: IndexBox Market Intelligence Platform