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

Contents:

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

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

In 2022, the average import price for vegetable saps and extracts; opia amounted to $16,121 per ton, declining by -2.7% against the previous year. In general, the import price saw a deep downturn. The growth pace was the most rapid in 2016 an increase of 23%. As a result, import price attained the peak level of $78,796 per ton. From 2017 to 2022, the average import prices failed to regain momentum.

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 India ($15,929 per ton), while the price for Thailand amounted to $4,958 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+10.4%).

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

The average export price for vegetable saps and extracts; opia stood at $20,576 per ton in 2022, which is down by -37.8% against the previous year. Over the period under review, the export price continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2017 an increase of 148%. As a result, the export price attained the peak level of $149,794 per ton. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($25,633 per ton), while the average price for exports to Denmark ($2,000 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 Indonesia (-1.2%), while the prices for the other major destinations experienced a decline.

Imports of Vegetable Saps and Extracts; Opium in Japan

For the fourth consecutive year, Japan recorded growth in supplies from abroad of vegetable saps and extracts; opia, which increased by 2.7% to 3 tons in 2022. In general, imports posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 52% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, vegetable saps and extracts; opium imports contracted modestly to $49K in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The smallest decline of less than 0.1% was in 2020.

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

1. India (3.0 tons)

Exports of Vegetable Saps and Extracts; Opium in Japan

In 2022, shipments abroad of vegetable saps and extracts; opia decreased by -18.7% to 309 kg, falling for the second year in a row after two years of growth. In general, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +6.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -24.8% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 59%. As a result, the exports attained the peak of 411 kg. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, vegetable saps and extracts; opium exports fell notably to $7.2K in 2022. Overall, exports faced a abrupt contraction. The pace of growth appeared the most rapid in 2020 with an increase of 32% against the previous year. As a result, the exports reached the peak of $18K. From 2021 to 2022, the growth of the exports remained at a lower figure.

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

1. Malaysia (245.0 kg)
2. Thailand (42.0 kg)
3. Denmark (10.0 kg)
4. Vietnam (8.0 kg)

Source: IndexBox Market Intelligence Platform