Price for Vegetable Saps and Extracts; of Liquorice in Belgium - 2023

Contents:

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

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

The average export price for vegetable saps and extracts; of liquorice stood at $11,351 per ton in 2022, dropping by -21.2% against the previous year. In general, the export price, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by 49%. The export price peaked at $14,407 per ton in 2021, and then shrank sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($32,809 per ton), while the average price for exports to Germany ($5,075 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 (+22.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for vegetable saps and extracts; of liquorice stood at $6,416 per ton in 2022, shrinking by -11.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2020 an increase of 29% against the previous year. Over the period under review, average import prices hit record highs at $7,275 per ton in 2021, and then fell in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($7,749 per ton), while the price for Germany ($6,129 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Vegetable Saps and Extracts; of Liquorice in Belgium

In 2022, after three years of growth, there was significant decline in overseas shipments of vegetable saps and extracts; of liquorice, when their volume decreased by -23.5% to 44 tons. Overall, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 530% against the previous year.

In value terms, exports of vegetable saps and extracts; of liquorice declined markedly to $502K in 2022. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 638% against the previous year.

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

1. Canada (31.8 tons)
2. Italy (6.3 tons)
3. Germany (4.4 tons)
4. Spain (1.1 tons)
5. Netherlands (0.1 tons)

Imports of Vegetable Saps and Extracts; of Liquorice in Belgium

In 2022, overseas purchases of vegetable saps and extracts; of liquorice were finally on the rise to reach 43 tons after two years of decline. In general, imports, however, faced a abrupt decrease.

In value terms, imports of vegetable saps and extracts; of liquorice soared to $275K in 2022. Overall, imports, however, recorded a deep slump.

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

1. Germany (21.2 tons)
2. Netherlands (16.2 tons)
3. France (4.2 tons)

Source: IndexBox Market Intelligence Platform