Price for Vegetable Saps and Extracts; of Liquorice in Iraq - 2022

Contents:

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

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

In 2022, the average export price for vegetable saps and extracts; of liquorice amounted to $6,926 per ton, approximately mirroring the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices attained the maximum at $8,608 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($11,837 per ton), while the average price for exports to China ($2,315 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 Morocco (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for vegetable saps and extracts; of liquorice stood at $2,606 per ton in 2022, reducing by -17.1% against the previous year. Overall, the import price showed a abrupt contraction. The most prominent rate of growth was recorded in 2020 an increase of 77%. Over the period under review, average import prices reached the maximum at $4,819 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -6.0% per year.

Exports of Vegetable Saps and Extracts; of Liquorice in Iraq

In 2022, approx. 38 tons of vegetable saps and extracts; of liquorice were exported from Iraq; with a decrease of -37.3% on 2021. Over the period under review, exports continue to indicate a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 294%. As a result, the exports reached the peak of 60 tons, and then declined rapidly in the following year.

In value terms, exports of vegetable saps and extracts; of liquorice fell dramatically to $261K in 2022. In general, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 292%. As a result, the exports attained the peak of $415K, and then declined markedly in the following year.

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

1. United States (16.6 tons)
2. China (11.5 tons)
3. France (5.7 tons)
4. Morocco (3.8 tons)

Imports of Vegetable Saps and Extracts; of Liquorice in Iraq

In 2022, supplies from abroad of vegetable saps and extracts; of liquorice increased by 54% to 2 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a sharp downturn.

In value terms, imports of vegetable saps and extracts; of liquorice skyrocketed to $5.3K in 2022. Overall, imports, however, faced a significant decrease.

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

1. United Arab Emirates (2.0 tons)

Source: IndexBox Market Intelligence Platform