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

Contents:

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

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

The average import price for vegetable saps and extracts; of liquorice stood at $5,337 per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the import price recorded a deep downturn. The pace of growth was the most pronounced in 2018 an increase of 11%. Over the period under review, average import prices hit record highs at $15,244 per ton in 2012; however, from 2013 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 France ($25,800 per ton), while the price for Turkmenistan totaled $5,335 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.4%).

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

In 2022, the average export price for vegetable saps and extracts; of liquorice amounted to $5,720 per ton, growing by 69% against the previous year. Over the period under review, the export price, however, saw a abrupt descent. Over the period under review, the average export prices hit record highs at $8,625 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($6,161 per ton), while the average price for exports to the United States stood at $5,620 per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+65.9%).

Imports of Vegetable Saps and Extracts; of Liquorice in Serbia

After two years of decline, overseas purchases of vegetable saps and extracts; of liquorice decreased by 0% to 602 tons in 2022. Overall, imports posted a significant expansion. The smallest decline of 99.9% was in 2020. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in the near future.

In value terms, imports of vegetable saps and extracts; of liquorice totaled $3.2M in 2022. Over the period under review, imports recorded a significant expansion. The smallest decline of 99.9% was in 2020. Imports peaked in 2022 and are likely to continue growth in the near future.

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

1. Turkmenistan (602.0 tons)

Exports of Vegetable Saps and Extracts; of Liquorice in Serbia

In 2022, the amount of vegetable saps and extracts; of liquorice exported from Serbia skyrocketed to 488 tons, rising by 364% compared with the previous year's figure. In general, exports showed a significant expansion. 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 skyrocketed to $2.8M in 2022. Over the period under review, exports recorded 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 Serbia in 2022:

1. United States (397.7 tons)
2. France (89.8 tons)

Source: IndexBox Market Intelligence Platform