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

Contents:

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

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

In 2022, the average export price for vegetable saps and extracts; opia amounted to $60,846 per ton, with an increase of 75% against the previous year. In general, the export price saw a remarkable increase. The pace of growth was the most pronounced in 2018 an increase of 83% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($65,818 per ton), while the average price for exports to Malaysia ($8,000 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 (+16.5%).

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

The average import price for vegetable saps and extracts; opia stood at $17,500 per ton in 2022, shrinking by -33.1% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 98%. Over the period under review, average import prices attained the maximum at $33,052 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 ($23,111 per ton), while the price for Indonesia ($667 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+339.2%), while the prices for the other major suppliers experienced a decline.

Exports of Vegetable Saps and Extracts; Opium in Singapore

Vegetable saps and extracts; opium exports from Singapore fell notably to 13 kg in 2022, declining by -85.2% on the year before. Over the period under review, exports faced a dramatic slump. The pace of growth was the most pronounced in 2021 with an increase of 144%.

In value terms, vegetable saps and extracts; opium exports declined significantly to $791 in 2022. Overall, exports faced a sharp reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 336% against the previous year. As a result, the exports attained the peak of $3.1K, and then declined significantly in the following year.

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

1. Indonesia (11.0 kg)
2. Malaysia (1.0 kg)
3. Denmark (1.0 kg)

Imports of Vegetable Saps and Extracts; Opium in Singapore

In 2022, purchases abroad of vegetable saps and extracts; opia decreased by -84.1% to 36 kg, falling for the second year in a row after two years of growth. In general, imports continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2020 when imports increased by 370% against the previous year. As a result, imports attained the peak of 3.1 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, vegetable saps and extracts; opium imports declined notably to $631 in 2022. Over the period under review, imports recorded a sharp descent. The most prominent rate of growth was recorded in 2020 when imports increased by 827%. As a result, imports reached the peak of $55K. From 2021 to 2022, the growth of imports failed to regain momentum.

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

1. United States (27.0 kg)
2. Indonesia (6.0 kg)
3. Malaysia (2.0 kg)
4. Thailand (1.0 kg)

Source: IndexBox Market Intelligence Platform