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

Contents:

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

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

The average import price for vegetable saps and extracts; opia stood at $1,976,756 per ton in 2022, picking up by 693% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $11,025,717 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for France.

From 2012 to 2022, the rate of growth in terms of prices for France amounted to -24.8% per year.

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

In 2022, the average export price for vegetable saps and extracts; opia amounted to $3,097 per ton, jumping by 97% against the previous year. Overall, the export price posted a resilient increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($6,150 per ton), while the average price for exports to Greece ($1,482 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 Germany (+22.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vegetable Saps and Extracts; Opium in Spain

In 2022, purchases abroad of vegetable saps and extracts; opia decreased by -96.9% to 62 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 704% against the previous year. As a result, imports attained the peak of 2 tons, and then fell dramatically in the following year.

In value terms, vegetable saps and extracts; opium imports contracted markedly to $122K in 2022. In general, imports continue to indicate a significant decrease. The most prominent rate of growth was recorded in 2020 with an increase of 34%.

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

1. France (62.0 kg)

Exports of Vegetable Saps and Extracts; Opium in Spain

In 2022, overseas shipments of vegetable saps and extracts; opia decreased by -27.9% to 28 tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2020 with an increase of 7.6%. As a result, the exports reached the peak of 44 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, vegetable saps and extracts; opium exports soared to $85K in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +16.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.1% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Portugal (11.8 tons)
2. Greece (8.2 tons)
3. Germany (4.9 tons)
4. France (2.5 tons)

Source: IndexBox Market Intelligence Platform