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

Contents:

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

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

The average import price for vegetable saps and extracts; of liquorice stood at $10,856 per ton in 2022, rising by 68% against the previous year. Overall, the import price showed a buoyant increase. The import price peaked at $13,401 per ton in 2017; however, from 2018 to 2022, 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 China ($16,691 per ton), while the price for India ($7,608 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.1%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for vegetable saps and extracts; of liquorice amounted to $471 per ton, rising by 18% against the previous year. Overall, the export price, however, faced a sharp contraction. Over the period under review, the average export prices attained the peak figure at $740 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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

From 2020 to 2022, the rate of growth in terms of prices for China amounted to -33.2% per year.

Imports of Vegetable Saps and Extracts; of Liquorice in Kenya

In 2022, after three years of growth, there was significant decline in overseas purchases of vegetable saps and extracts; of liquorice, when their volume decreased by -33.3% to 7 tons. In general, imports, however, showed significant growth. The growth pace was the most rapid in 2021 when imports increased by 203%. As a result, imports attained the peak of 11 tons, and then reduced markedly in the following year.

In value terms, imports of vegetable saps and extracts; of liquorice rose rapidly to $76K in 2022. Overall, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 121%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.

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

1. India (4.4 tons)
2. China (2.2 tons)
3. United Kingdom (0.4 tons)

Exports of Vegetable Saps and Extracts; of Liquorice in Kenya

In 2022, overseas shipments of vegetable saps and extracts; of liquorice decreased by -37% to 169 tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 283% against the previous year. As a result, the exports attained the peak of 268 tons, and then shrank significantly in the following year.

In value terms, exports of vegetable saps and extracts; of liquorice declined significantly to $80K in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 107% against the previous year. As a result, the exports attained the peak of $107K, and then shrank notably in the following year.

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

1. Austria (169.0 tons)

Source: IndexBox Market Intelligence Platform