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

Contents:

1. Price for Vegetable Saps and Extracts; of Liquorice in Canada (CIF) - 2023
2. Price for Vegetable Saps and Extracts; of Liquorice in Canada (FOB) - 2022
3. Imports of Vegetable Saps and Extracts; of Liquorice in Canada
4. Exports of Vegetable Saps and Extracts; of Liquorice in Canada

Price for Vegetable Saps and Extracts; of Liquorice in Canada (CIF) - 2023

The average import price for vegetable saps and extracts; of liquorice stood at $15,233 per ton in December 2023, dropping by -23.5% against the previous month. Overall, the import price, however, enjoyed a tangible increase. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 293% month-to-month. As a result, import price reached the peak level of $45,019 per ton. From June 2023 to December 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($28,492 per ton), while the price for Israel ($2,922 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by France (+15.2%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for vegetable saps and extracts; of liquorice amounted to $5,094 per ton, picking up by 19% against the previous year. In general, the export price, however, continues to indicate a sharp reduction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 784%. As a result, the export price attained the peak level of $98,092 per ton. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($23,926 per ton), while the average price for exports to Chile amounted to $4,658 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-13.7%).

Imports of Vegetable Saps and Extracts; of Liquorice in Canada

In 2022, supplies from abroad of vegetable saps and extracts; of liquorice decreased by -10.5% to 160 tons, falling for the second year in a row after two years of growth. Over the period under review, imports faced a abrupt descent. The growth pace was the most rapid in 2020 when imports increased by 15% against the previous year. As a result, imports attained the peak of 262 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of vegetable saps and extracts; of liquorice reduced markedly to $1.5M in 2022. The total import value increased at an average annual rate of +1.3% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 13%.

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

1. United States (65.1 tons)
2. France (34.2 tons)
3. China (24.9 tons)
4. Israel (18.1 tons)
5. India (9.5 tons)
6. Japan (4.7 tons)

Exports of Vegetable Saps and Extracts; of Liquorice in Canada

In 2022, the amount of vegetable saps and extracts; of liquorice exported from Canada declined remarkably to 21 tons, waning by -33.4% on the previous year. In general, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 2,470%. As a result, the exports reached the peak of 32 tons, and then fell dramatically in the following year.

In value terms, exports of vegetable saps and extracts; of liquorice dropped significantly to $109K in 2022. Over the period under review, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 1,319% against the previous year. As a result, the exports attained the peak of $138K, and then declined markedly in the following year.

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

1. Chile (21.0 tons)
2. United States (0.5 tons)

Source: IndexBox Market Intelligence Platform