Price for Vegetable Saps and Extracts; Opium in Ireland - 2023

Contents:

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

Price for Vegetable Saps and Extracts; Opium in Ireland (CIF) - 2022

In 2022, the average import price for vegetable saps and extracts; opia amounted to $11,778 per ton, surging by 23% against the previous year. Over the period under review, the import price recorded a prominent increase. Over the period under review, average import prices reached the maximum at $13,762 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($14,817 per ton) and the Philippines ($11,398 per ton), while the price for China ($11,398 per ton) and the United States ($11,398 per ton) were amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+137.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Vegetable Saps and Extracts; Opium in Ireland

In 2022, purchases abroad of vegetable saps and extracts; opia decreased by -79.5% to 9 kg, falling for the second year in a row after two years of growth. In general, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 543% against the previous year. As a result, imports reached the peak of 45 kg. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, vegetable saps and extracts; opium imports contracted sharply to $106 in 2022. Over the period under review, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 531% against the previous year. As a result, imports reached the peak of $454. From 2021 to 2022, the growth of imports remained at a lower figure.

Top Suppliers of Vegetable Saps and Extracts; Opium to Ireland in 2022:

1. United States (4.0 kg)
2. Philippines (3.0 kg)
3. India (1.0 kg)
4. China (1.0 kg)

Source: IndexBox Market Intelligence Platform