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

Contents:

1. Price for Vegetable Saps and Extracts; of Liquorice in Vietnam (CIF) - 2022
2. Price for Vegetable Saps and Extracts; of Liquorice in Vietnam (FOB) - 2022
3. Imports of Vegetable Saps and Extracts; of Liquorice in Vietnam
4. Exports of Vegetable Saps and Extracts; of Liquorice in Vietnam

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

The average import price for vegetable saps and extracts; of liquorice stood at $7,234 per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the import price, however, recorded a slight decline. The most prominent rate of growth was recorded in 2013 an increase of 7.4% against the previous year. Over the period under review, average import prices reached the maximum at $9,807 per ton in 2015; however, from 2016 to 2022, import prices remained at a 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 Singapore ($7,253 per ton) and France ($7,235 per ton), while the price for the United States ($7,198 per ton) and China ($7,234 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-1.0%), while the prices for the other major suppliers experienced a decline.

Price for Vegetable Saps and Extracts; of Liquorice in Vietnam (FOB) - 2022

The average export price for vegetable saps and extracts; of liquorice stood at $13,528 per ton in 2022, with a decrease of -17% against the previous year. Over the period under review, the export price, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2019 an increase of 133% against the previous year. Over the period under review, the average export prices hit record highs at $16,296 per ton in 2021, and then fell significantly in the following year.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($16,714 per ton), while the average price for exports to the Netherlands totaled $12,600 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+9.4%).

Imports of Vegetable Saps and Extracts; of Liquorice in Vietnam

In 2022, imports of vegetable saps and extracts; of liquorice into Vietnam skyrocketed to 40 tons, picking up by 35% on 2021 figures. Over the period under review, imports recorded a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 46%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, imports of vegetable saps and extracts; of liquorice skyrocketed to $289K in 2022. In general, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 52% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.

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

1. Japan (16.0 tons)
2. India (11.7 tons)
3. China (8.0 tons)
4. France (2.5 tons)
5. South Korea (1.3 tons)
6. United States (0.1 tons)

Exports of Vegetable Saps and Extracts; of Liquorice in Vietnam

Exports of vegetable saps and extracts; of liquorice from Vietnam soared to 36 kg in 2022, growing by 33% against the year before. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 313% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of vegetable saps and extracts; of liquorice rose sharply to $487 in 2022. Overall, exports showed significant growth. The growth pace was the most rapid in 2020 when exports increased by 365% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Top Export Markets for Vegetable Saps and Extracts; of Liquorice from Vietnam in 2022:

1. Netherlands (10.0 kg)
2. France (7.0 kg)

Source: IndexBox Market Intelligence Platform