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

Contents:

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

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

The average import price for vegetable saps and extracts; of liquorice stood at $6,632 per ton in 2022, increasing by 18% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 22%. Over the period under review, average import prices hit record highs at $7,646 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 the Netherlands ($15,376 per ton), while the price for Belgium ($5,330 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for vegetable saps and extracts; of liquorice stood at $13,392 per ton in 2022, surging by 70% against the previous year. In general, the export price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 86% against the previous year. The export price peaked at $17,857 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($34,677 per ton), while the average price for exports to Germany ($7,953 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 the Netherlands (+15.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Vegetable Saps and Extracts; of Liquorice in Italy

In 2022, imports of vegetable saps and extracts; of liquorice into Italy fell remarkably to 591 tons, with a decrease of -18.6% compared with 2021. Overall, imports showed a deep slump. The growth pace was the most rapid in 2021 when imports increased by 20% against the previous year.

In value terms, imports of vegetable saps and extracts; of liquorice dropped to $3.9M in 2022. Over the period under review, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 40%.

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

1. France (407.2 tons)
2. Germany (117.5 tons)
3. Slovakia (26.3 tons)
4. Belgium (14.9 tons)
5. China (9.8 tons)
6. Spain (0.1 tons)

Exports of Vegetable Saps and Extracts; of Liquorice in Italy

In 2022, approx. 196 tons of vegetable saps and extracts; of liquorice were exported from Italy; which is down by -8.3% against the year before. Over the period under review, exports continue to indicate a mild descent. The pace of growth appeared the most rapid in 2021 when exports increased by 15%. As a result, the exports reached the peak of 214 tons, and then shrank in the following year.

In value terms, exports of vegetable saps and extracts; of liquorice surged to $2.6M in 2022. Overall, exports, however, enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Germany (107.9 tons)
2. Hungary (21.9 tons)
3. Luxembourg (20.5 tons)
4. France (10.3 tons)
5. United Kingdom (9.3 tons)
6. Argentina (2.7 tons)

Source: IndexBox Market Intelligence Platform