Price for Vegetable Saps and Extracts; of Liquorice in Denmark - 2023
Contents:
- Price for Vegetable Saps and Extracts; of Liquorice in Denmark (FOB) - 2022
- Exports of Vegetable Saps and Extracts; of Liquorice in Denmark
Price for Vegetable Saps and Extracts; of Liquorice in Denmark (FOB) - 2022
In 2022, the average export price for vegetable saps and extracts; of liquorice amounted to $19,198 per ton, with an increase of 19% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +8.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for vegetable saps and extracts; of liquorice increased by +18.7% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 34% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($26,145 per ton), while the average price for exports to Greenland ($11,671 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 Sweden (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Vegetable Saps and Extracts; of Liquorice in Denmark
In 2022, the amount of vegetable saps and extracts; of liquorice exported from Denmark contracted notably to 11 tons, with a decrease of -54.5% on the previous year's figure. In general, exports continue to indicate a dramatic setback. The smallest decline of -21.1% was in 2021.
In value terms, exports of vegetable saps and extracts; of liquorice shrank dramatically to $215K in 2022. Overall, exports saw a dramatic slump. The smallest decline of -15.1% was in 2021.
| Export of Vegetable Saps and Extracts; of Liquorice in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 164 | 125 | 90.4 | 77.4 | -22.1% |
| Norway | 241 | 98.5 | 99.0 | 43.6 | -43.4% |
| Iceland | 34.8 | 29.0 | 19.9 | 38.6 | 3.5% |
| Sweden | 123 | 92.9 | 84.5 | 35.5 | -33.9% |
| Greenland | 15.2 | 0.6 | 1.8 | 6.5 | -24.7% |
| Faroe Islands | 49.2 | 2.0 | 5.2 | 5.1 | -53.0% |
| United States | 42.9 | N/A | N/A | N/A | 0% |
| Poland | 141 | 102 | 77.1 | N/A | -26.1% |
| Others | 46.7 | 16.3 | 18.7 | 8.0 | -44.5% |
| Total | 858 | 467 | 396 | 215 | -37.0% |
Top Export Markets for Vegetable Saps and Extracts; of Liquorice from Denmark in 2022:
- Finland (3.3 tons)
- Iceland (3.1 tons)
- Norway (2.3 tons)
- Sweden (1.4 tons)
- Greenland (0.6 tons)
- Faroe Islands (0.3 tons)
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