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

Contents:

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

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

In 2022, the average import price for vegetable saps and extracts; of liquorice amounted to $14,346 per ton, remaining constant against the previous year. Over the last decade, it increased at an average annual rate of +5.1%. The pace of growth was the most pronounced in 2018 when the average import price increased by 19%. The import price peaked in 2022 and is likely to see steady growth in years to come.

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 Lithuania ($15,145 per ton), while the price for Uzbekistan ($5,385 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for vegetable saps and extracts; of liquorice amounted to $9,581 per ton, declining by -67.9% against the previous year. Overall, the export price showed a slight decrease. The most prominent rate of growth was recorded in 2021 when the average export price increased by 297% against the previous year. As a result, the export price reached the peak level of $29,885 per ton, and then plummeted in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Ukraine amounted to +7.5% per year.

Imports of Vegetable Saps and Extracts; of Liquorice in Russia

Imports of vegetable saps and extracts; of liquorice into Russia dropped sharply to 229 tons in 2022, declining by -17% against the previous year. Over the period under review, imports saw a perceptible setback. The pace of growth was the most pronounced in 2021 when imports increased by 36% against the previous year. As a result, imports attained the peak of 275 tons, and then fell sharply in the following year.

In value terms, imports of vegetable saps and extracts; of liquorice declined notably to $3.3M in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 44%. As a result, imports attained the peak of $3.9M, and then fell rapidly in the following year.

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

1. Lithuania (80.0 tons)
2. Germany (22.3 tons)
3. Uzbekistan (4.0 tons)

Exports of Vegetable Saps and Extracts; of Liquorice in Russia

Exports of vegetable saps and extracts; of liquorice from Russia surged to 19 tons in 2022, increasing by 899% compared with the previous year's figure. In general, exports recorded significant growth.

In value terms, exports of vegetable saps and extracts; of liquorice skyrocketed to $181K in 2022. Overall, exports posted a significant expansion.

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

1. Kazakhstan (18.8 tons)

Source: IndexBox Market Intelligence Platform