Price for Vegetable Saps and Extracts; Opium in China - 2022

Contents:

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

Price for Vegetable Saps and Extracts; Opium in China (FOB) - 2022

In 2022, the average export price for vegetable saps and extracts; opia amounted to $21,008 per ton, dropping by -29.1% against the previous year. Over the period under review, the export price, however, continues to indicate a strong expansion. The pace of growth was the most pronounced in 2021 when the average export price increased by 82% against the previous year. As a result, the export price reached the peak level of $29,610 per ton, and then dropped markedly in the following year.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($20,835 per ton), while the average price for exports to Cambodia stood at $14,640 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+69.2%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Vegetable Saps and Extracts; Opium in China (CIF) - 2022

The average import price for vegetable saps and extracts; opia stood at $4,642 per ton in 2022, falling by -59.4% against the previous year. Overall, the import price saw a dramatic contraction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 81%. As a result, import price attained the peak level of $101,843 per ton. From 2014 to 2022, the average import prices remained at a lower figure.

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 the United States ($12,738 per ton), while the price for the UK ($3,308 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+27.6%), while the prices for the other major suppliers experienced a decline.

Exports of Vegetable Saps and Extracts; Opium in China

In 2022, vegetable saps and extracts; opium exports from China surged to 33 tons, with an increase of 95% compared with 2021. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 670% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, vegetable saps and extracts; opium exports soared to $686K in 2022. Over the period under review, exports recorded significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 1,102%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Top Export Markets for Vegetable Saps and Extracts; Opium from China in 2022:

1. Malaysia (31.3 tons)
2. Cambodia (1.0 tons)

Imports of Vegetable Saps and Extracts; Opium in China

In 2022, imports of vegetable saps and extracts; opia into China soared to 4.4 tons, jumping by 44% on 2021. Overall, imports recorded measured growth. The pace of growth was the most pronounced in 2020 with an increase of 80%. As a result, imports reached the peak of 7 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, vegetable saps and extracts; opium imports contracted notably to $39K in 2022. In general, imports, however, faced a abrupt downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 200% against the previous year. As a result, imports attained the peak of $219K. From 2021 to 2022, the growth of imports failed to regain momentum.

Top Suppliers of Vegetable Saps and Extracts; Opium to China in 2022:

1. United States (2.5 tons)
2. Italy (1.1 tons)
3. United Kingdom (0.8 tons)

Source: IndexBox Market Intelligence Platform