Price for Vegetable Saps and Extracts; of Liquorice in Venezuela - 2022

Contents:

1. Price for Vegetable Saps and Extracts; of Liquorice in Venezuela (CIF) - 2022
2. Imports of Vegetable Saps and Extracts; of Liquorice in Venezuela

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

In 2022, the average import price for vegetable saps and extracts; of liquorice amounted to $11,350 per ton, jumping by 17% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for vegetable saps and extracts; of liquorice decreased by -17.3% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 37% against the previous year. The import price peaked at $14,542 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($15,379 per ton), while the price for France ($9,583 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+26.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Vegetable Saps and Extracts; of Liquorice in Venezuela

In 2022, after three years of growth, there was significant decline in purchases abroad of vegetable saps and extracts; of liquorice, when their volume decreased by -14.5% to 13 tons. In general, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 204%.

In value terms, imports of vegetable saps and extracts; of liquorice amounted to $146K in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 219%. As a result, imports reached the peak of $146K. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. France (4.0 tons)
2. United States (3.3 tons)
3. Germany (1.5 tons)

Source: IndexBox Market Intelligence Platform