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

Contents:

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

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

The average import price for vegetable saps and extracts; of liquorice stood at $2,075 per ton in 2022, with an increase of 3.1% against the previous year. In general, the import price, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 an increase of 114% against the previous year. The import price peaked at $6,061 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Turkey ($2,891 per ton), while the price for Pakistan ($1,229 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic (+12.8%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for vegetable saps and extracts; of liquorice amounted to $2,905 per ton, therefore, remained relatively stable against the previous year. In general, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in the immediate term.

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

From 2021 to 2022, the rate of growth in terms of prices for Bahrain amounted to 0.0% per year.

Imports of Vegetable Saps and Extracts; of Liquorice in Saudi Arabia

After three years of growth, supplies from abroad of vegetable saps and extracts; of liquorice decreased by -20.3% to 173 tons in 2022. Over the period under review, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 108% against the previous year.

In value terms, imports of vegetable saps and extracts; of liquorice shrank notably to $358K in 2022. In general, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 72%.

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

1. Syrian Arab Republic (136.9 tons)
2. Turkey (18.4 tons)
3. Pakistan (17.4 tons)

Exports of Vegetable Saps and Extracts; of Liquorice in Saudi Arabia

In 2022, approx. 1.7 tons of vegetable saps and extracts; of liquorice were exported from Saudi Arabia; remaining relatively unchanged against the previous year's figure. Over the period under review, exports posted a significant increase. The smallest decline of -92.8% was in 2020. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of vegetable saps and extracts; of liquorice stood at $4.9K in 2022. Overall, exports showed significant growth. The smallest decline of -93.8% was in 2020. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in years to come.

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

1. South Africa (1.7 tons)

Source: IndexBox Market Intelligence Platform