Price for Vegetable Saps and Extracts; Opium in Thailand - 2023

Contents:

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

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

In 2022, the average import price for vegetable saps and extracts; opia amounted to $16,500 per ton, shrinking by -66.8% against the previous year. Over the period under review, the import price continues to indicate a significant decrease. The growth pace was the most rapid in 2013 when the average import price increased by 199% against the previous year. The import price peaked at $1,539,220 per ton in 2014; however, from 2015 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 China.

From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to -1.0% per year.

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

The average export price for vegetable saps and extracts; opia stood at $14,500 per ton in 2021, increasing by 656% against the previous year. In general, the export price saw buoyant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Canada ($24,000 per ton), while the average price for exports to the United States amounted to $5,000 per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vegetable Saps and Extracts; Opium in Thailand

In 2022, supplies from abroad of vegetable saps and extracts; opia decreased by -98.8% to 2 kg for the first time since 2018, thus ending a three-year rising trend. In general, imports saw a dramatic descent. The pace of growth appeared the most rapid in 2021 when imports increased by 64%. As a result, imports reached the peak of 171 kg, and then declined dramatically in the following year.

In value terms, vegetable saps and extracts; opium imports reduced dramatically to $33 in 2022. Over the period under review, imports saw a significant contraction. The pace of growth was the most pronounced in 2021 with an increase of 68% against the previous year. As a result, imports attained the peak of $8.5K, and then fell significantly in the following year.

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

1. China (2.0 kg)

Exports of Vegetable Saps and Extracts; Opium in Thailand

Vegetable saps and extracts; opium exports from Thailand shrank notably to 2 kg in 2021, waning by -99.3% against the previous year's figure. Over the period under review, exports saw a sharp curtailment. The smallest decline of -86.9% was in 2020.

In value terms, vegetable saps and extracts; opium exports contracted remarkably to $29 in 2021. Overall, exports continue to indicate a precipitous decline. The smallest decline of -90.3% was in 2020.

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

1. United States (1.0 kg)
2. Canada (1.0 kg)

Source: IndexBox Market Intelligence Platform