Price for Vegetable Saps and Extracts; Opium in the Philippines - 2022

Contents:

1. Price for Vegetable Saps and Extracts; Opium in the Philippines (CIF) - 2022
2. Imports of Vegetable Saps and Extracts; Opium in the Philippines

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

In 2022, the average import price for vegetable saps and extracts; opia amounted to $3,477 per ton, stabilizing at the previous year. Over the period under review, the import price continues to indicate a noticeable increase. The growth pace was the most rapid in 2019 an increase of 337% against the previous year. Over the period under review, average import prices hit record highs at $27,502 per ton in 2016; however, from 2017 to 2022, 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 China ($5,000 per ton), while the price for France ($1,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+9.9%), while the prices for the other major suppliers experienced a decline.

Imports of Vegetable Saps and Extracts; Opium in the Philippines

In 2022, vegetable saps and extracts; opium imports into the Philippines amounted to 39 kg, standing approx. at 2021. Over the period under review, imports recorded a significant curtailment. The smallest decline of -62.9% was in 2020.

In value terms, vegetable saps and extracts; opium imports amounted to $120 in 2022. In general, imports showed a sharp slump. The smallest decline of -89.1% was in 2020.

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

1. Canada (34.0 kg)
2. Indonesia (1.0 kg)
3. India (1.0 kg)
4. France (1.0 kg)
5. United States (1.0 kg)
6. China (1.0 kg)

Source: IndexBox Market Intelligence Platform