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

Contents:

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

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

The average import price for vegetable saps and extracts; of liquorice stood at $13,575 per ton in November 2023, growing by 89% against the previous month. Overall, the import price continues to indicate perceptible growth. The import price peaked at $15,398 per ton in March 2023; however, from April 2023 to November 2023, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In November 2023, the country with the highest price was China ($14,250 per ton), while the price for Germany totaled $10,575 per ton.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by China (+1.7%).

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

The average export price for vegetable saps and extracts; of liquorice stood at $3,750 per ton in 2022, with a decrease of -48.3% against the previous year. Overall, the export price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 when the average export price increased by 213%. As a result, the export price attained the peak level of $19,741 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($10,120 per ton), while the average price for exports to Nepal ($2,011 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 Nepal (+0.1%), while the prices for the other major destinations experienced a decline.

Imports of Vegetable Saps and Extracts; of Liquorice in India

In 2022, approx. 48 tons of vegetable saps and extracts; of liquorice were imported into India; picking up by 136% on 2021. Over the period under review, imports showed a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 497% against the previous year. As a result, imports attained the peak of 65 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 soared to $563K in 2022. In general, imports showed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 790%. As a result, imports reached the peak of $1M. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. China (40.0 tons)
2. Germany (7.6 tons)

Exports of Vegetable Saps and Extracts; of Liquorice in India

For the fourth year in a row, India recorded growth in overseas shipments of vegetable saps and extracts; of liquorice, which increased by 4.1% to 17 tons in 2022. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 152%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of vegetable saps and extracts; of liquorice declined sharply to $65K in 2022. Over the period under review, exports showed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 404% against the previous year. As a result, the exports attained the peak of $131K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

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

1. Indonesia (9.4 tons)
2. United States (3.5 tons)
3. Nepal (1.7 tons)
4. Argentina (1.0 tons)
5. United Arab Emirates (0.4 tons)
6. United Kingdom (0.3 tons)
7. Malawi (0.3 tons)

Source: IndexBox Market Intelligence Platform