Price for Vegetable Saps and Extracts; of Liquorice in South Korea - 2022
Contents:
- Price for Vegetable Saps and Extracts; of Liquorice in South Korea (CIF) - 2022
- Price for Vegetable Saps and Extracts; of Liquorice in South Korea (FOB) - 2022
- Imports of Vegetable Saps and Extracts; of Liquorice in South Korea
- Exports of Vegetable Saps and Extracts; of Liquorice in South Korea
Price for Vegetable Saps and Extracts; of Liquorice in South Korea (CIF) - 2022
The average import price for vegetable saps and extracts; of liquorice stood at $38,287 per ton in 2022, picking up by 47% against the previous year. In general, the import price saw a strong expansion. The most prominent rate of growth was recorded in 2021 an increase of 174%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($176,312 per ton), while the price for Uzbekistan ($6,938 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+28.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vegetable Saps and Extracts; of Liquorice in South Korea (FOB) - 2022
In 2022, the average export price for vegetable saps and extracts; of liquorice amounted to $69,063 per ton, waning by -2% against the previous year. Over the period under review, the export price saw a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when the average export price increased by 55%. Over the period under review, the average export prices hit record highs at $341,220 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($776,967 per ton), while the average price for exports to Indonesia ($17,618 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+1.2%), while the prices for the other major destinations experienced a decline.
Imports of Vegetable Saps and Extracts; of Liquorice in South Korea
In 2022, supplies from abroad of vegetable saps and extracts; of liquorice decreased by -39.5% to 48 tons, falling for the second year in a row after two years of growth. Overall, imports recorded a abrupt descent. The growth pace was the most rapid in 2020 with an increase of 54% against the previous year. As a result, imports attained the peak of 120 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of vegetable saps and extracts; of liquorice contracted to $1.8M in 2022. In general, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 79% against the previous year. As a result, imports attained the peak of $2M, and then reduced in the following year.
| Import of Vegetable Saps and Extracts; of Liquorice in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 114 | 420 | 1,155 | 810 | 92.2% |
| China | 121 | 271 | 490 | 749 | 83.6% |
| Uzbekistan | 195 | 196 | 164 | 90.9 | -22.5% |
| Germany | 165 | 162 | 115 | N/A | -16.5% |
| Others | 146 | 93.4 | 118 | 169 | 5.0% |
| Total | 742 | 1,143 | 2,042 | 1,819 | 34.8% |
Top Suppliers of Vegetable Saps and Extracts; of Liquorice to South Korea in 2022:
- China (27.6 tons)
- Uzbekistan (13.1 tons)
- India (5.4 tons)
Exports of Vegetable Saps and Extracts; of Liquorice in South Korea
In 2022, approx. 6.5 tons of vegetable saps and extracts; of liquorice were exported from South Korea; shrinking by -12.4% compared with the previous year. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +14.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 78% against the previous year. As a result, the exports attained the peak of 7.5 tons, and then reduced in the following year.
In value terms, exports of vegetable saps and extracts; of liquorice reduced to $451K in 2022. In general, exports showed a deep downturn. The pace of growth was the most pronounced in 2021 when exports increased by 15% against the previous year.
| Export of Vegetable Saps and Extracts; of Liquorice in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 198 | 206 | 182 | 117 | -16.1% |
| China | 164 | 142 | 177 | 91.6 | -17.6% |
| Philippines | 48.7 | 5.2 | 32.6 | 91.0 | 23.2% |
| Thailand | 56.2 | 57.6 | 42.8 | 73.8 | 9.5% |
| Indonesia | 27.1 | 21.2 | 16.2 | 37.1 | 11.0% |
| India | 41.1 | N/A | 19.4 | 2.1 | -62.9% |
| Others | 72.0 | 24.5 | 55.3 | 37.9 | -19.3% |
| Total | 608 | 456 | 525 | 451 | -9.5% |
Top Export Markets for Vegetable Saps and Extracts; of Liquorice from South Korea in 2022:
- China (2684.0 kg)
- Indonesia (2108.0 kg)
- Thailand (901.0 kg)
- Philippines (378.0 kg)
- France (151.0 kg)
- India (34.0 kg)
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