Price for Vegetable Saps and Extracts; Opium in Peru - 2021

Contents:

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

Price for Vegetable Saps and Extracts; Opium in Peru (FOB) - 2022

The average export price for vegetable saps and extracts; opia stood at $94,481 per ton in 2022, falling by -2.8% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vegetable saps and extracts; opium export price increased by +61.0% against 2017 indices. The pace of growth was the most pronounced in 2020 an increase of 42% against the previous year. Over the period under review, the average export prices hit record highs at $97,156 per ton in 2021, and then reduced slightly in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($97,523 per ton), while the average price for exports to the Philippines ($85,866 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 Japan (+5.2%), while the prices for the other major destinations experienced mixed trend patterns.

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

The average import price for vegetable saps and extracts; opia stood at $73,692 per ton in 2022, increasing by 46% against the previous year. Overall, the import price showed a buoyant expansion. The pace of growth was the most pronounced in 2016 when the average import price increased by 85% against the previous year. The import price peaked at $76,395 per ton in 2017; however, from 2018 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 country with the highest price was the United States ($74,957 per ton), while the price for Spain amounted to $52,360 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+23.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Vegetable Saps and Extracts; Opium in Peru

In 2022, the amount of vegetable saps and extracts; opia exported from Peru contracted to 540 kg, which is down by -12.9% on 2021. Overall, exports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 28%.

In value terms, vegetable saps and extracts; opium exports shrank dramatically to $51K in 2022. Over the period under review, exports recorded a abrupt decline. The growth pace was the most rapid in 2021 when exports increased by 44% against the previous year.

Top Export Markets for Vegetable Saps and Extracts; Opium from Peru in 2022:

1. United States (270.0 kg)
2. Japan (186.0 kg)
3. Philippines (85.0 kg)

Imports of Vegetable Saps and Extracts; Opium in Peru

In 2022, after two years of decline, there was significant growth in purchases abroad of vegetable saps and extracts; opia, when their volume increased by 117% to 13 kg. Over the period under review, imports, however, saw a significant decrease.

In value terms, vegetable saps and extracts; opium imports skyrocketed to $958 in 2022. In general, imports, however, recorded a dramatic descent.

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

1. United States (12.0 kg)
2. Spain (1.0 kg)

Source: IndexBox Market Intelligence Platform