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

Contents:

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

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

The average import price for vegetable saps and extracts; opia stood at $17,841 per ton in 2022, picking up by 9.6% against the previous year. Over the period under review, the import price, however, recorded a deep downturn. The pace of growth was the most pronounced in 2020 when the average import price increased by 74% against the previous year. The import price peaked at $64,250 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -12.0% per year.

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

In 2022, the average export price for vegetable saps and extracts; opia amounted to $13,673 per ton, jumping by 115% against the previous year. Overall, the export price enjoyed a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2014 to 2022, the rate of growth in terms of prices for Peru amounted to +36.2% per year.

Imports of Vegetable Saps and Extracts; Opium in Colombia

In 2022, supplies from abroad of vegetable saps and extracts; opia decreased by -9.8% to 1.5 tons, falling for the second consecutive year after two years of growth. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +15.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -17.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 87%. As a result, imports reached the peak of 1.9 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, vegetable saps and extracts; opium imports fell slightly to $27K in 2022. In general, imports, however, posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of 226%. As a result, imports reached the peak of $28K. From 2021 to 2022, the growth of imports failed to regain momentum.

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

1. United States (1.5 tons)

Exports of Vegetable Saps and Extracts; Opium in Colombia

In 2022, overseas shipments of vegetable saps and extracts; opia decreased by 0% to 52 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports showed mild growth. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, vegetable saps and extracts; opium exports amounted to $711 in 2022. In general, exports enjoyed a significant expansion. The smallest decline of 99.9% was in 2020. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

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

1. Peru (52.0 kg)

Source: IndexBox Market Intelligence Platform