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

Contents:

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

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

The average export price for vegetable saps and extracts; of liquorice stood at $1,073 per ton in 2022, rising by 32% against the previous year. Overall, the export price, however, recorded a drastic downturn. The growth pace was the most rapid in 2017 an increase of 182%. Over the period under review, the average export prices hit record highs at $3,777 per ton in 2015; however, from 2016 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 Egypt ($1,090 per ton), while the average price for exports to the United States totaled $695 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+87.2%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, the average import price for vegetable saps and extracts; of liquorice amounted to $1,267 per ton, rising by 31% against the previous year. Overall, the import price continues to indicate perceptible growth. The most prominent rate of growth was recorded in 2017 an increase of 344%. The import price peaked at $8,773 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($13,660 per ton), while the price for Afghanistan ($651 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+2,135.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Vegetable Saps and Extracts; of Liquorice in Pakistan

In 2022, exports of vegetable saps and extracts; of liquorice from Pakistan soared to 121 tons, picking up by 70% compared with 2021 figures. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2020 when exports increased by 1,395%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of vegetable saps and extracts; of liquorice surged to $130K in 2022. Overall, exports saw significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 999%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

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

1. Egypt (113.8 tons)
2. United States (5.9 tons)

Imports of Vegetable Saps and Extracts; of Liquorice in Pakistan

After three years of growth, supplies from abroad of vegetable saps and extracts; of liquorice decreased by -36.6% to 18 tons in 2022. In general, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 294%.

In value terms, imports of vegetable saps and extracts; of liquorice declined notably to $23K in 2022. Overall, imports showed a mild contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 51% against the previous year. As a result, imports attained the peak of $27K, and then contracted markedly in the following year.

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

1. Afghanistan (16.6 tons)
2. Uzbekistan (1.0 tons)
3. Germany (0.3 tons)
4. Spain (0.1 tons)

Source: IndexBox Market Intelligence Platform