Price for Vegetable Saps and Extracts; of Liquorice in Indonesia - 2022

Contents:

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

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

In 2022, the average import price for vegetable saps and extracts; of liquorice amounted to $15,350 per ton, increasing by 29% against the previous year. Over the last decade, it increased at an average annual rate of +6.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($62,089 per ton), while the price for India ($1,340 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+22.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for vegetable saps and extracts; of liquorice amounted to $38,333 per ton, jumping by 110% against the previous year. In general, the export price continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2021 when the average export price increased by 166% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Singapore.

From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to +33.7% per year.

Imports of Vegetable Saps and Extracts; of Liquorice in Indonesia

In 2022, imports of vegetable saps and extracts; of liquorice into Indonesia declined to 397 tons, approximately mirroring 2021 figures. Over the period under review, imports, however, showed prominent growth. The pace of growth was the most pronounced in 2021 when imports increased by 97% against the previous year. As a result, imports attained the peak of 400 tons, leveling off in the following year.

In value terms, imports of vegetable saps and extracts; of liquorice skyrocketed to $6.1M in 2022. In general, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 119%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.

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

1. China (197.0 tons)
2. France (147.1 tons)
3. India (14.8 tons)
4. Hong Kong SAR (12.0 tons)
5. United States (7.0 tons)
6. Germany (6.9 tons)
7. Japan (6.7 tons)

Exports of Vegetable Saps and Extracts; of Liquorice in Indonesia

For the third year in a row, Indonesia recorded decline in overseas shipments of vegetable saps and extracts; of liquorice, which decreased by -93% to 9 kg in 2022. Over the period under review, exports faced a dramatic descent. The smallest decline of -4.1% was in 2020.

In value terms, exports of vegetable saps and extracts; of liquorice declined significantly to $345 in 2022. Overall, exports saw a dramatic decline. The smallest decline of -14.5% was in 2020.

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

1. Singapore (9.0 kg)

Source: IndexBox Market Intelligence Platform