Price for Vegetable Saps and Extracts; of Liquorice in the Philippines - 2023
Contents:
- Price for Vegetable Saps and Extracts; of Liquorice in the Philippines (CIF) - 2022
- Price for Vegetable Saps and Extracts; of Liquorice in the Philippines (FOB) - 2022
- Imports of Vegetable Saps and Extracts; of Liquorice in the Philippines
- Exports of Vegetable Saps and Extracts; of Liquorice in the Philippines
Price for Vegetable Saps and Extracts; of Liquorice in the Philippines (CIF) - 2022
The average import price for vegetable saps and extracts; of liquorice stood at $6,485 per ton in 2022, dropping by -6.3% against the previous year. Over the period under review, the import price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by 52% against the previous year. As a result, import price attained the peak level of $17,873 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($6,421 per ton) and France ($6,421 per ton), while the price for the United States ($6,350 per ton) and China ($6,417 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-4.4%), while the prices for the other major suppliers experienced a decline.
Price for Vegetable Saps and Extracts; of Liquorice in the Philippines (FOB) - 2022
The Philippines has no trade partners to describe.
Imports of Vegetable Saps and Extracts; of Liquorice in the Philippines
In 2022, after three years of growth, there was significant decline in overseas purchases of vegetable saps and extracts; of liquorice, when their volume decreased by -17.9% to 16 tons. The total import volume increased at an average annual rate of +4.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 37% against the previous year. As a result, imports reached the peak of 20 tons, and then declined remarkably in the following year.
In value terms, imports of vegetable saps and extracts; of liquorice shrank significantly to $104K in 2022. In general, imports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 12%.
| Import of Vegetable Saps and Extracts; of Liquorice in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 31.6 | 14.1 | 28.9 | -4.4% |
| South Korea | 54.6 | 5.5 | 48.8 | 27.0 | -20.9% |
| Germany | 36.8 | 62.5 | 44.1 | 22.1 | -15.6% |
| Iran | N/A | N/A | 8.1 | 14.9 | 84.0% |
| Japan | N/A | N/A | 3.0 | 4.6 | 53.3% |
| France | 0.6 | N/A | 4.6 | 3.3 | 76.5% |
| United States | 60.0 | 15.0 | 8.3 | 0.3 | -82.9% |
| Others | 5.5 | 6.1 | 4.8 | 3.3 | -15.7% |
| Total | 157 | 121 | 136 | 104 | -12.8% |
Top Suppliers of Vegetable Saps and Extracts; of Liquorice to the Philippines in 2022:
- China (4.5 tons)
- South Korea (4.2 tons)
- Germany (3.5 tons)
- Iran (2.3 tons)
- Japan (0.7 tons)
- France (0.5 tons)
Exports of Vegetable Saps and Extracts; of Liquorice in the Philippines
In 2022, exports of vegetable saps and extracts; of liquorice from the Philippines was estimated at 6 kg, approximately equating the previous year. Overall, exports recorded a significant decrease. The smallest decline of 99.9% was in 2021.
In value terms, exports of vegetable saps and extracts; of liquorice amounted to $50 in 2022. Over the period under review, exports recorded a dramatic curtailment. The smallest decline of 99.9% was in 2021.
| Export of Vegetable Saps and Extracts; of Liquorice in the Philippines (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Germany | 20.0 | N/A | N/A | 0% | |
| Malaysia | 60.0 | N/A | N/A | 0% | |
| Others | 20.0 | N/A | 50.0 | 58.1% | |
| Total | 100 | N/A | 50.0 | -29.3% | |
Top Export Markets for Vegetable Saps and Extracts; of Liquorice from the Philippines in 2022:
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