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

Contents:

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

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

The average import price for vegetable saps and extracts; of liquorice stood at $69,541 per ton in 2022, picking up by 702% against the previous year. Over the period under review, the import price showed a prominent expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Spain.

From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to +44.9% per year.

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

The average export price for vegetable saps and extracts; of liquorice stood at $14,333 per ton in 2022, standing approx. at the previous year. In general, the export price saw a abrupt descent. The pace of growth appeared the most rapid in 2017 when the average export price increased by 253% against the previous year. The export price peaked at $42,500 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($31,000 per ton), while the average price for exports to the Netherlands ($3,000 per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (-8.7%).

Imports of Vegetable Saps and Extracts; of Liquorice in Portugal

In 2022, overseas purchases of vegetable saps and extracts; of liquorice were finally on the rise to reach 229 kg for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a sharp decrease.

In value terms, imports of vegetable saps and extracts; of liquorice surged to $16K in 2022. Over the period under review, imports, however, showed a dramatic decrease.

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

1. Spain (229.0 kg)

Exports of Vegetable Saps and Extracts; of Liquorice in Portugal

For the third year in a row, Portugal recorded decline in overseas shipments of vegetable saps and extracts; of liquorice, which decreased by 0% to 3 kg in 2022. In general, exports recorded a dramatic setback. The smallest decline of -99.9% was in 2020.

In value terms, exports of vegetable saps and extracts; of liquorice stood at $43 in 2022. Overall, exports faced a precipitous curtailment. The smallest decline of -99.9% was in 2020.

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

1. United States (1.0 kg)
2. Netherlands (1.0 kg)
3. Spain (1.0 kg)

Source: IndexBox Market Intelligence Platform