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

Contents:

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

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

The average import price for vegetable saps and extracts; of liquorice stood at $865 per ton in 2022, with an increase of 20% against the previous year. Over the period under review, the import price, however, showed a precipitous descent. The import price peaked at $9,183 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Pakistan ($829 per ton), while the price for Uzbekistan totaled $721 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (-21.2%).

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

In 2020, the average export price for vegetable saps and extracts; of liquorice amounted to $106 per ton, rising by 5.6% against the previous year. Over the period under review, the export price, however, recorded a significant curtailment. Over the period under review, the average export prices hit record highs at $9,326 per ton in 2014; however, from 2015 to 2020, 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 India.

From 2014 to 2020, the rate of growth in terms of prices for India amounted to +5.0% per year.

Imports of Vegetable Saps and Extracts; of Liquorice in Myanmar

In 2022, the amount of vegetable saps and extracts; of liquorice imported into Myanmar expanded slightly to 312 tons, increasing by 3.6% on 2021 figures. Overall, imports enjoyed a significant increase. The growth pace was the most rapid in 2020 when imports increased by 1,094%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, imports of vegetable saps and extracts; of liquorice skyrocketed to $270K in 2022. In general, imports showed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 1,122% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.

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

1. Pakistan (274.5 tons)
2. Uzbekistan (35.0 tons)

Exports of Vegetable Saps and Extracts; of Liquorice in Myanmar

In 2020, the amount of vegetable saps and extracts; of liquorice exported from Myanmar soared to 24 tons, growing by 108% on the previous year. Overall, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of vegetable saps and extracts; of liquorice soared to $2.6K in 2020. Over the period under review, exports showed a significant expansion. 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 Myanmar in 2022:

1. India (24.3 tons)

Source: IndexBox Market Intelligence Platform