Price for Vegetable Saps and Extracts; of Liquorice in the Netherlands - 2023

Contents:

1. Price for Vegetable Saps and Extracts; of Liquorice in the Netherlands (FOB) - 2023
2. Price for Vegetable Saps and Extracts; of Liquorice in the Netherlands (CIF) - 2022
3. Exports of Vegetable Saps and Extracts; of Liquorice in the Netherlands
4. Imports of Vegetable Saps and Extracts; of Liquorice in the Netherlands

Price for Vegetable Saps and Extracts; of Liquorice in the Netherlands (FOB) - 2023

In October 2023, the average export price for vegetable saps and extracts; of liquorice amounted to $12,483 per ton, surging by 25% against the previous month. Over the period under review, export price indicated a mild increase from October 2022 to October 2023: its price increased at an average monthly rate of +1.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for vegetable saps and extracts; of liquorice increased by +25.2% against September 2023 indices. The growth pace was the most rapid in April 2023 when the average export price increased by 118% month-to-month. Over the period under review, the average export prices hit record highs at $12,592 per ton in December 2022; however, from January 2023 to October 2023, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In October 2023, the country with the highest price was Norway ($9,361 per ton), while the average price for exports to Brazil ($7,115 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Vegetable Saps and Extracts; of Liquorice in the Netherlands (CIF) - 2022

In 2022, the average import price for vegetable saps and extracts; of liquorice amounted to $5,770 per ton, with a decrease of -23.6% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the average import price increased by 90% against the previous year. The import price peaked at $8,026 per ton in 2015; however, from 2016 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 ($22,633 per ton), while the price for Iran ($5,310 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Vegetable Saps and Extracts; of Liquorice in the Netherlands

For the third consecutive year, the Netherlands recorded decline in shipments abroad of vegetable saps and extracts; of liquorice, which decreased by -15.4% to 566 tons in 2022. Overall, exports recorded a deep setback.

In value terms, exports of vegetable saps and extracts; of liquorice rose sharply to $6.2M in 2022. In general, exports recorded a abrupt decline.

Top Export Markets for Vegetable Saps and Extracts; of Liquorice from the Netherlands in 2022:

1. Germany (201.9 tons)
2. Finland (108.2 tons)
3. Belgium (99.0 tons)
4. Norway (25.8 tons)
5. Sweden (21.8 tons)
6. France (17.1 tons)
7. Spain (15.3 tons)
8. Denmark (12.3 tons)
9. Italy (9.7 tons)
10. United Kingdom (0.2 tons)

Imports of Vegetable Saps and Extracts; of Liquorice in the Netherlands

Imports of vegetable saps and extracts; of liquorice into the Netherlands reduced rapidly to 640 tons in 2022, with a decrease of -51.1% compared with the year before. Over the period under review, imports saw a significant decrease. The pace of growth appeared the most rapid in 2021 with an increase of 13% against the previous year.

In value terms, imports of vegetable saps and extracts; of liquorice reduced dramatically to $3.7M in 2022. In general, imports recorded a dramatic descent. The growth pace was the most rapid in 2021 when imports increased by 29%. As a result, imports attained the peak of $9.9M, and then dropped remarkably in the following year.

Top Suppliers of Vegetable Saps and Extracts; of Liquorice to the Netherlands in 2022:

1. Germany (353.1 tons)
2. Iran (114.5 tons)
3. Georgia (66.2 tons)
4. China (32.5 tons)
5. France (25.2 tons)
6. Japan (22.9 tons)
7. Italy (6.5 tons)

Source: IndexBox Market Intelligence Platform