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

Contents:

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

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

In 2022, the average import price for vegetable saps and extracts; of liquorice amounted to $5,505 per ton, stabilizing at the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 22%. As a result, import price reached the peak level of $6,604 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($12,493 per ton), while the price for Israel totaled $4,659 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.5%).

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

In 2022, the average export price for vegetable saps and extracts; of liquorice amounted to $9,253 per ton, increasing by 19% against the previous year. Overall, the export price showed a notable expansion. The pace of growth appeared the most rapid in 2021 when the average export price increased by 54% against the previous year. The export price peaked at $49,750 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($9,350 per ton), while the average price for exports to Samoa totaled $1,500 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+4.4%).

Imports of Vegetable Saps and Extracts; of Liquorice in New Zealand

In 2022, after three years of growth, there was significant decline in purchases abroad of vegetable saps and extracts; of liquorice, when their volume decreased by -8.2% to 71 tons. The total import volume increased at an average annual rate of +5.3% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 15%. As a result, imports attained the peak of 77 tons, and then reduced in the following year.

In value terms, imports of vegetable saps and extracts; of liquorice declined to $390K in 2022. The total import value increased at an average annual rate of +8.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 38%. As a result, imports reached the peak of $428K, and then shrank in the following year.

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

1. Israel (64.8 tons)
2. China (5.6 tons)

Exports of Vegetable Saps and Extracts; of Liquorice in New Zealand

In 2022, approx. 1.3 tons of vegetable saps and extracts; of liquorice were exported from New Zealand; declining by -64.1% compared with 2021. In general, exports recorded a dramatic shrinkage. The smallest decline of -45.8% was in 2020.

In value terms, exports of vegetable saps and extracts; of liquorice reduced remarkably to $12K in 2022. Overall, exports continue to indicate a dramatic contraction. The smallest decline of -29% was in 2021.

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

1. Australia (1256.0 kg)
2. Samoa (20.0 kg)

Source: IndexBox Market Intelligence Platform