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

Contents:

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

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

In July 2023, the average import price for vegetable saps and extracts; of liquorice amounted to $6,128 per ton, surging by 5.9% against the previous month. Overall, the import price enjoyed a modest increase. The pace of growth was the most pronounced in December 2022 when the average import price increased by 6.5% month-to-month. Over the period under review, average import prices reached the maximum in July 2023.

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

From July 2022 to July 2023, the rate of growth in terms of prices for Germany amounted to +1.8% per month.

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

In 2022, the average export price for vegetable saps and extracts; of liquorice amounted to $6,300 per ton, remaining constant against the previous year. Over the period under review, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 an increase of 33% against the previous year. Over the period under review, the average export prices hit record highs at $11,262 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($7,250 per ton), while the average price for exports to Italy stood at $6,299 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+0.4%).

Imports of Vegetable Saps and Extracts; of Liquorice in Slovakia

After three years of growth, supplies from abroad of vegetable saps and extracts; of liquorice decreased by -9.7% to 214 tons in 2022. Overall, imports, however, recorded a slight increase. The most prominent rate of growth was recorded in 2021 with an increase of 7.2% against the previous year. As a result, imports attained the peak of 237 tons, and then fell in the following year.

In value terms, imports of vegetable saps and extracts; of liquorice contracted sharply to $1.1M in 2022. In general, imports recorded a perceptible setback. The pace of growth was the most pronounced in 2020 with an increase of 12% against the previous year. As a result, imports attained the peak of $1.4M. From 2021 to 2022, the growth of imports of failed to regain momentum.

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

1. Germany (213.7 tons)

Exports of Vegetable Saps and Extracts; of Liquorice in Slovakia

In 2022, exports of vegetable saps and extracts; of liquorice from Slovakia totaled 3.8 tons, standing approx. at the year before. Overall, exports recorded a sharp downturn. The smallest decline of -38.5% was in 2020.

In value terms, exports of vegetable saps and extracts; of liquorice stood at $24K in 2022. In general, exports showed a sharp decrease. The smallest decline of -18.4% was in 2020.

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

1. Italy (3.7 tons)

Source: IndexBox Market Intelligence Platform