Price for Vegetable Saps and Extracts; of Liquorice in Turkey - 2023
Contents:
- Price for Vegetable Saps and Extracts; of Liquorice in Turkey (CIF) - 2022
- Price for Vegetable Saps and Extracts; of Liquorice in Turkey (FOB) - 2022
- Imports of Vegetable Saps and Extracts; of Liquorice in Turkey
- Exports of Vegetable Saps and Extracts; of Liquorice in Turkey
Price for Vegetable Saps and Extracts; of Liquorice in Turkey (CIF) - 2022
The average import price for vegetable saps and extracts; of liquorice stood at $8,677 per ton in 2022, waning by -10% against the previous year. In general, the import price recorded a perceptible setback. The most prominent rate of growth was recorded in 2021 an increase of 7.6% against the previous year. Over the period under review, average import prices hit record highs at $13,524 per ton in 2014; however, from 2015 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 China ($12,313 per ton), while the price for Iran ($7,205 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-2.5%), while the prices for the other major suppliers experienced a decline.
Price for Vegetable Saps and Extracts; of Liquorice in Turkey (FOB) - 2022
The average export price for vegetable saps and extracts; of liquorice stood at $7,285 per ton in 2022, with a decrease of -20.2% against the previous year. Overall, the export price, however, recorded a moderate increase. The most prominent rate of growth was recorded in 2021 an increase of 35% against the previous year. As a result, the export price attained the peak level of $9,134 per ton, and then contracted sharply in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($16,423 per ton), while the average price for exports to Denmark ($800 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+51.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Vegetable Saps and Extracts; of Liquorice in Turkey
In 2022, supplies from abroad of vegetable saps and extracts; of liquorice decreased by -9.8% to 64 tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a precipitous slump. The most prominent rate of growth was recorded in 2020 with an increase of 30%. As a result, imports attained the peak of 236 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of vegetable saps and extracts; of liquorice fell dramatically to $556K in 2022. Over the period under review, imports saw a precipitous contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 9.1%. As a result, imports attained the peak of $2.1M. From 2021 to 2022, the growth of imports of remained at a lower figure.
Import of Vegetable Saps and Extracts; of Liquorice in Turkey (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Iran | 38.1 | 82.7 | 30.7 | 295 | 97.8% |
France | 243 | 168 | 189 | 193 | -7.4% |
China | 97.0 | 91.2 | 58.1 | 57.7 | -15.9% |
Israel | 1,560 | 1,764 | 392 | N/A | -49.9% |
Others | 5.9 | 13.9 | 15.5 | 10.4 | 20.8% |
Total | 1,944 | 2,120 | 685 | 556 | -34.1% |
Top Suppliers of Vegetable Saps and Extracts; of Liquorice to Turkey in 2022:
- Iran (41.0 tons)
- France (17.7 tons)
- China (4.7 tons)
Exports of Vegetable Saps and Extracts; of Liquorice in Turkey
For the third year in a row, Turkey recorded decline in overseas shipments of vegetable saps and extracts; of liquorice, which decreased by -12.9% to 635 kg in 2022. Overall, exports saw a dramatic setback.
In value terms, exports of vegetable saps and extracts; of liquorice contracted rapidly to $4.6K in 2022. In general, exports recorded a precipitous setback. The smallest decline of -9.6% was in 2020.
Export of Vegetable Saps and Extracts; of Liquorice in Turkey (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 9.8 | 2.6 | 0.3 | 4.0 | -25.8% |
South Korea | N/A | N/A | N/A | 0.4 | 0% |
Denmark | N/A | N/A | N/A | 0.2 | 0% |
United Kingdom | N/A | 3.0 | N/A | N/A | 0% |
Indonesia | N/A | 10.2 | N/A | N/A | 0% |
Egypt | N/A | 3.7 | 0.4 | N/A | -89.2% |
Netherlands | 9.7 | 2.0 | N/A | N/A | -79.4% |
United States | 2.5 | N/A | 3.2 | N/A | 13.1% |
Others | 4.6 | 2.6 | 2.6 | N/A | -24.8% |
Total | 26.6 | 24.0 | 6.7 | 4.6 | -44.3% |
Top Export Markets for Vegetable Saps and Extracts; of Liquorice from Turkey in 2022:
- Germany (407.0 kg)
- Denmark (200.0 kg)
- South Korea (26.0 kg)
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