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

Contents:

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

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

The average import price for vegetable saps and extracts; of liquorice stood at $15,061 per ton in 2022, with an increase of 3.1% against the previous year. Overall, the import price, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2013 when the average import price increased by 23%. As a result, import price attained the peak level of $20,654 per ton. From 2014 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 Israel ($33,597 per ton), while the price for Uzbekistan ($7,404 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for vegetable saps and extracts; of liquorice amounted to $68,099 per ton, falling by -58.3% against the previous year. In general, the export price recorded a abrupt downturn. The pace of growth was the most pronounced in 2021 when the average export price increased by 43% against the previous year. The export price peaked at $172,141 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Taiwan (Chinese).

From 2012 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to -4.0% per year.

Imports of Vegetable Saps and Extracts; of Liquorice in Japan

In 2022, after two years of decline, there was growth in purchases abroad of vegetable saps and extracts; of liquorice, when their volume increased by 1.1% to 253 tons. Overall, imports, however, recorded a deep contraction.

In value terms, imports of vegetable saps and extracts; of liquorice reached $3.8M in 2022. In general, imports, however, recorded a deep contraction. The pace of growth was the most pronounced in 2020 when imports increased by 4.3%. As a result, imports reached the peak of $5.5M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

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

1. Tajikistan (113.3 tons)
2. China (67.6 tons)
3. Uzbekistan (28.8 tons)
4. India (21.6 tons)
5. France (11.0 tons)
6. United States (9.6 tons)
7. Azerbaijan (0.1 tons)

Exports of Vegetable Saps and Extracts; of Liquorice in Japan

In 2022, exports of vegetable saps and extracts; of liquorice from Japan surged to 30 tons, growing by 26% against the previous year. In general, exports, however, continue to indicate a relatively flat trend pattern.

In value terms, exports of vegetable saps and extracts; of liquorice shrank remarkably to $2.1M in 2022. Overall, exports, however, faced a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 5.3% against the previous year. As a result, the exports reached the peak of $3.9M, and then contracted remarkably in the following year.

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

1. Taiwan (Chinese) (29.3 tons)
2. United States (0.1 tons)

Source: IndexBox Market Intelligence Platform