Price for Vegetable Saps and Extracts; Opium in the United States - 2023

Contents:

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

Price for Vegetable Saps and Extracts; Opium in the United States (FOB) - 2022

In 2022, the average export price for vegetable saps and extracts; opia amounted to $36,765 per ton, with a decrease of -9% against the previous year. Over the period under review, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.3% 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 decreased by -13.2% against 2019 indices. The growth pace was the most rapid in 2018 an increase of 82% against the previous year. The export price peaked at $46,672 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($38,593 per ton), while the average price for exports to France ($4,549 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 Mexico (+3.2%), while the prices for the other major destinations experienced a decline.

Price for Vegetable Saps and Extracts; Opium in the United States (CIF) - 2022

The average import price for vegetable saps and extracts; opia stood at $154,380 per ton in 2022, increasing by 51% against the previous year. Overall, the import price posted a strong expansion. The pace of growth was the most pronounced in 2018 when the average import price increased by 97% against the previous year. As a result, import price attained the peak level of $174,620 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +8.2% per year.

Exports of Vegetable Saps and Extracts; Opium in the United States

In 2022, overseas shipments of vegetable saps and extracts; opia decreased by -2% to 12 tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 26%. As a result, the exports attained the peak of 105 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, vegetable saps and extracts; opium exports dropped to $428K in 2022. Over the period under review, exports faced a precipitous decline. The most prominent rate of growth was recorded in 2020 when exports increased by 23%. As a result, the exports reached the peak of $4.3M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Vegetable Saps and Extracts; Opium from the United States in 2022:

1. Mexico (10.7 tons)
2. Brazil (0.4 tons)
3. France (0.2 tons)

Imports of Vegetable Saps and Extracts; Opium in the United States

In 2022, purchases abroad of vegetable saps and extracts; opia decreased by -75.8% to 50 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports showed a precipitous decline.

In value terms, vegetable saps and extracts; opium imports reduced markedly to $7.7K in 2022. In general, imports recorded a sharp curtailment.

Top Suppliers of Vegetable Saps and Extracts; Opium to the United States in 2022:

1. India (50.0 kg)

Source: IndexBox Market Intelligence Platform