Price for Vegetable Saps and Extracts; of Liquorice in the UK - 2023
Contents:
- Price for Vegetable Saps and Extracts; of Liquorice in the UK (CIF) - 2023
- Price for Vegetable Saps and Extracts; of Liquorice in the UK (FOB) - 2022
- Imports of Vegetable Saps and Extracts; of Liquorice in the UK
- Exports of Vegetable Saps and Extracts; of Liquorice in the UK
Price for Vegetable Saps and Extracts; of Liquorice in the UK (CIF) - 2023
In November 2023, the average import price for vegetable saps and extracts; of liquorice amounted to $8,387 per ton, reducing by -2.4% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 31% month-to-month. As a result, import price reached the peak level of $11,721 per ton. From June 2023 to November 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Italy ($34,591 per ton), while the price for Germany ($5,703 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Italy (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vegetable Saps and Extracts; of Liquorice in the UK (FOB) - 2022
The average export price for vegetable saps and extracts; of liquorice stood at $9,154 per ton in 2022, surging by 2.8% against the previous year. Overall, the export price, however, showed a slight slump. The pace of growth was the most pronounced in 2018 an increase of 51% against the previous year. As a result, the export price attained the peak level of $19,623 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($16,170 per ton), while the average price for exports to Singapore ($1,772 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 Lebanon (+37.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vegetable Saps and Extracts; of Liquorice in the UK
In 2022, supplies from abroad of vegetable saps and extracts; of liquorice increased by 64% to 297 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a abrupt downturn.
In value terms, imports of vegetable saps and extracts; of liquorice soared to $2.8M in 2022. Overall, imports, however, recorded a noticeable shrinkage.
| Import of Vegetable Saps and Extracts; of Liquorice in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 2,298 | 2,066 | 1,387 | 2,319 | 0.3% |
| Iran | N/A | 71.3 | N/A | 190 | 63.2% |
| Germany | 238 | 125 | 70.2 | 88.1 | -28.2% |
| China | 325 | 41.5 | 117 | 9.9 | -68.8% |
| Others | 125 | 67.3 | 144 | 203 | 17.5% |
| Total | 2,986 | 2,371 | 1,718 | 2,810 | -2.0% |
Top Suppliers of Vegetable Saps and Extracts; of Liquorice to the UK in 2022:
- France (243.6 tons)
- Iran (25.4 tons)
- Germany (13.7 tons)
- China (0.4 tons)
Exports of Vegetable Saps and Extracts; of Liquorice in the UK
For the fourth consecutive year, the UK recorded growth in overseas shipments of vegetable saps and extracts; of liquorice, which increased by 2.8% to 49 tons in 2022. The total export volume increased at an average annual rate of +5.2% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 12% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the near future.
In value terms, exports of vegetable saps and extracts; of liquorice expanded sharply to $445K in 2022. Overall, exports, however, continue to indicate a abrupt setback.
| Export of Vegetable Saps and Extracts; of Liquorice in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lebanon | 44.8 | N/A | N/A | 141 | 46.5% |
| Germany | 0.9 | 1.3 | 202 | 112 | 399.3% |
| Canada | 7.4 | 1.5 | 91.7 | 54.7 | 94.8% |
| Ireland | 1.0 | 3.1 | 23.7 | 27.9 | 203.3% |
| Malaysia | 93.9 | 61.3 | 30.1 | 26.1 | -34.7% |
| Taiwan (Chinese) | 4.5 | 39.6 | N/A | 21.8 | 69.2% |
| Singapore | N/A | N/A | N/A | 5.5 | 0% |
| Denmark | N/A | 12.5 | N/A | 2.9 | -51.8% |
| Sweden | N/A | 32.4 | N/A | 2.2 | -73.9% |
| Norway | 12.7 | 1.3 | N/A | N/A | -89.8% |
| China | 166 | N/A | N/A | N/A | 0% |
| India | 40.4 | 21.2 | 2.4 | N/A | -75.6% |
| Others | 214 | 287 | 71.1 | 50.6 | -38.2% |
| Total | 586 | 461 | 421 | 445 | -8.8% |
Top Export Markets for Vegetable Saps and Extracts; of Liquorice from the UK in 2022:
- Lebanon (12.6 tons)
- Canada (11.6 tons)
- Germany (8.6 tons)
- Ireland (5.9 tons)
- Singapore (3.1 tons)
- Malaysia (1.9 tons)
- Taiwan (Chinese) (1.3 tons)
- Denmark (0.5 tons)
- Sweden (0.2 tons)
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