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

Contents:

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

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

In August 2023, the average import price for vegetable saps and extracts; of liquorice amounted to $6,029 per ton, with a decrease of -34% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 33% against the previous month. The import price peaked at $9,139 per ton in July 2023, and then shrank significantly in the following month.

Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was France ($6,629 per ton), while the price for Germany ($5,831 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for vegetable saps and extracts; of liquorice stood at $6,358 per ton in 2022, shrinking by -5.4% against the previous year. Over the period under review, the export price showed a mild descent. The pace of growth was the most pronounced in 2016 when the average export price increased by 99%. As a result, the export price attained the peak level of $12,162 per ton. From 2017 to 2022, the average export prices remained at a lower figure.

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 Germany ($13,000 per ton), while the average price for exports to Norway ($6,037 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 Germany (+40.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vegetable Saps and Extracts; of Liquorice in Finland

For the fourth year in a row, Finland recorded growth in overseas purchases of vegetable saps and extracts; of liquorice, which increased by 36% to 738 tons in 2022. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 49%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of vegetable saps and extracts; of liquorice soared to $4.5M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +16.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Germany (465.6 tons)
2. France (145.5 tons)
3. Netherlands (121.5 tons)

Exports of Vegetable Saps and Extracts; of Liquorice in Finland

In 2022, shipments abroad of vegetable saps and extracts; of liquorice decreased by -81% to 802 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 376% against the previous year.

In value terms, exports of vegetable saps and extracts; of liquorice reduced markedly to $5.1K in 2022. Overall, exports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 350%.

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

1. Norway (725.0 kg)
2. Sweden (50.0 kg)
3. Estonia (20.0 kg)
4. Germany (3.0 kg)

Source: IndexBox Market Intelligence Platform