Price for Vegetable Saps and Extracts; of Liquorice in Thailand - 2024

Contents:

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

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

The average import price for vegetable saps and extracts; of liquorice stood at $12,586 per ton in 2022, surging by 13% against the previous year. Overall, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for vegetable saps and extracts; of liquorice decreased by -9.5% against 2020 indices. The pace of growth appeared the most rapid in 2019 when the average import price increased by 36% against the previous year. The import price peaked at $14,661 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($52,277 per ton), while the price for Uzbekistan ($4,648 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for vegetable saps and extracts; of liquorice amounted to $13,986 per ton, remaining relatively unchanged against the previous year. In general, the export price posted a buoyant increase. The most prominent rate of growth was recorded in 2013 an increase of 64% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the rate of growth in terms of prices for France amounted to +11.0% per year.

Imports of Vegetable Saps and Extracts; of Liquorice in Thailand

Imports of vegetable saps and extracts; of liquorice into Thailand amounted to 109 tons in 2022, with an increase of 2.8% compared with the year before. The total import volume increased at an average annual rate of +11.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 34%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, imports of vegetable saps and extracts; of liquorice surged to $1.4M in 2022. The total import value increased at an average annual rate of +11.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 48%. As a result, imports reached the peak of $1.4M; afterwards, it flattened through to 2022.

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

1. China (91.3 tons)
2. Uzbekistan (4.8 tons)
3. Germany (2.7 tons)
4. Japan (2.5 tons)
5. Israel (2.3 tons)
6. France (2.3 tons)
7. United States (1.0 tons)

Exports of Vegetable Saps and Extracts; of Liquorice in Thailand

For the third year in a row, Thailand recorded decline in overseas shipments of vegetable saps and extracts; of liquorice, which decreased by 0% to 9.2 tons in 2022. Over the period under review, exports recorded a significant expansion. The smallest decline of -96.1% was in 2020. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of vegetable saps and extracts; of liquorice stood at $128K in 2022. In general, exports recorded significant growth. The smallest decline of -94.6% was in 2020. The exports peaked in 2022 and are expected to retain growth in the near future.

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

1. France (9.2 tons)

Source: IndexBox Market Intelligence Platform