Price for Vegetable Saps and Extracts; of Liquorice in Hong Kong SAR - 2023

Contents:

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

Price for Vegetable Saps and Extracts; of Liquorice in Hong Kong SAR (CIF) - 2022

The average import price for vegetable saps and extracts; of liquorice stood at $16,528 per ton in 2022, dropping by -33.3% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.8% 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 increased by +72.0% against 2018 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 61%. As a result, import price reached the peak level of $24,791 per ton, and then shrank remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($24,338 per ton), while the price for the UK stood at $10,236 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.1%).

Price for Vegetable Saps and Extracts; of Liquorice in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for vegetable saps and extracts; of liquorice amounted to $18,769 per ton, almost unchanged from the previous year. In general, the export price saw a measured expansion. The growth pace was the most rapid in 2014 when the average export price increased by 84% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to +0.4% per year.

Imports of Vegetable Saps and Extracts; of Liquorice in Hong Kong SAR

In 2022, the amount of vegetable saps and extracts; of liquorice imported into Hong Kong SAR skyrocketed to 5.4 tons, with an increase of 208% on 2021. In general, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of vegetable saps and extracts; of liquorice soared to $90K in 2022. Overall, imports posted a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 166%. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Vegetable Saps and Extracts; of Liquorice to Hong Kong SAR in 2022:

1. United Kingdom (3.0 tons)
2. China (2.4 tons)

Exports of Vegetable Saps and Extracts; of Liquorice in Hong Kong SAR

In 2022, after two years of decline, there was significant growth in overseas shipments of vegetable saps and extracts; of liquorice, when their volume increased by 224% to 2.6 tons. In general, exports, however, showed a precipitous curtailment.

In value terms, exports of vegetable saps and extracts; of liquorice soared to $49K in 2022. Over the period under review, exports, however, showed a significant decline.

Top Export Markets for Vegetable Saps and Extracts; of Liquorice from Hong Kong SAR in 2022:

1. Vietnam (2.6 tons)

Source: IndexBox Market Intelligence Platform