Price for Vegetable Saps and Extracts; of Liquorice in the United States - 2023
Contents:
- Price for Vegetable Saps and Extracts; of Liquorice in the United States (CIF) - 2023
- Price for Vegetable Saps and Extracts; of Liquorice in the United States (FOB) - 2023
- Imports of Vegetable Saps and Extracts; of Liquorice in the United States
- Exports of Vegetable Saps and Extracts; of Liquorice in the United States
Price for Vegetable Saps and Extracts; of Liquorice in the United States (CIF) - 2023
The average import price for vegetable saps and extracts; of liquorice stood at $6,689 per ton in December 2023, falling by -3% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.1%. The pace of growth appeared the most rapid in August 2023 when the average import price increased by 20% against the previous month. Over the period under review, average import prices attained the peak figure at $8,328 per ton in September 2023; however, from October 2023 to December 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was France ($6,865 per ton), while the price for China amounted to $6,608 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by France (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vegetable Saps and Extracts; of Liquorice in the United States (FOB) - 2023
The average export price for vegetable saps and extracts; of liquorice stood at $14,972 per ton in December 2023, jumping by 192% against the previous month. Overall, the export price showed a slight expansion. Over the period under review, the average export prices attained the maximum at $20,314 per ton in May 2023; however, from June 2023 to December 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($19,177 per ton), while the average price for exports to Japan ($12,020 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+50.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vegetable Saps and Extracts; of Liquorice in the United States
In 2022, the amount of vegetable saps and extracts; of liquorice imported into the United States surged to 3.5K tons, picking up by 52% against the year before. In general, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of vegetable saps and extracts; of liquorice skyrocketed to $24M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.5% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 49% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in the immediate term.
| Import of Vegetable Saps and Extracts; of Liquorice in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 7.6 | 15.4 | 13.7 | 10.1 | 9.9% |
| China | 4.8 | 1.9 | 0.9 | 9.7 | 26.4% |
| Turkmenistan | N/A | 1.0 | 1.1 | 3.4 | 84.4% |
| Uzbekistan | N/A | 0.8 | 0.5 | 0.3 | -38.8% |
| Others | 1.0 | 1.0 | 0.7 | 0.5 | -20.6% |
| Total | 13.4 | 20.1 | 16.9 | 24.0 | 21.4% |
Top Suppliers of Vegetable Saps and Extracts; of Liquorice to the United States in 2022:
- China (1422.1 tons)
- France (1327.7 tons)
- Turkmenistan (595.2 tons)
- Uzbekistan (77.1 tons)
Exports of Vegetable Saps and Extracts; of Liquorice in the United States
In 2022, overseas shipments of vegetable saps and extracts; of liquorice were finally on the rise to reach 337 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a dramatic shrinkage.
In value terms, exports of vegetable saps and extracts; of liquorice soared to $4.2M in 2022. Over the period under review, exports, however, continue to indicate a dramatic decrease.
| Export of Vegetable Saps and Extracts; of Liquorice in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 1,210 | 1,434 | 1,179 | 1,068 | -4.1% |
| United Arab Emirates | 30.0 | 90.0 | N/A | 888 | 209.3% |
| Mexico | 469 | 374 | 412 | 545 | 5.1% |
| Saudi Arabia | N/A | N/A | 31.9 | 525 | 1545.8% |
| Philippines | 54.7 | 55.5 | 3.5 | 233 | 62.1% |
| United Kingdom | 262 | 131 | 125 | 214 | -6.5% |
| South Korea | 92.4 | 80.9 | 152 | 120 | 9.1% |
| Japan | 657 | 393 | 16.0 | 113 | -44.4% |
| Indonesia | 1,229 | 420 | N/A | 18.8 | -75.2% |
| India | 630 | 452 | 135 | 14.9 | -71.3% |
| France | 156 | 1,671 | 35.6 | 12.1 | -57.4% |
| Russia | 1,581 | 316 | N/A | N/A | -80.0% |
| Germany | 4,939 | 1,615 | 41.6 | N/A | -90.8% |
| Others | 1,768 | 1,215 | 1,237 | 406 | -38.8% |
| Total | 13,078 | 8,247 | 3,367 | 4,156 | -31.8% |
Top Export Markets for Vegetable Saps and Extracts; of Liquorice from the United States in 2022:
- Canada (102.9 tons)
- United Arab Emirates (46.0 tons)
- Mexico (45.2 tons)
- Saudi Arabia (43.5 tons)
- Philippines (31.2 tons)
- United Kingdom (17.7 tons)
- South Korea (9.9 tons)
- Japan (8.8 tons)
- Indonesia (1.6 tons)
- France (1.4 tons)
- India (1.2 tons)
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