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

Contents:

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

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

The average import price for vegetable saps and extracts; of liquorice stood at $8,677 per ton in 2022, waning by -10% against the previous year. In general, the import price recorded a perceptible setback. The most prominent rate of growth was recorded in 2021 an increase of 7.6% against the previous year. Over the period under review, average import prices hit record highs at $13,524 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($12,313 per ton), while the price for Iran ($7,205 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-2.5%), while the prices for the other major suppliers experienced a decline.

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

The average export price for vegetable saps and extracts; of liquorice stood at $7,285 per ton in 2022, with a decrease of -20.2% against the previous year. Overall, the export price, however, recorded a moderate increase. The most prominent rate of growth was recorded in 2021 an increase of 35% against the previous year. As a result, the export price attained the peak level of $9,134 per ton, and then contracted sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($16,423 per ton), while the average price for exports to Denmark ($800 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 Germany (+51.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Vegetable Saps and Extracts; of Liquorice in Turkey

In 2022, supplies from abroad of vegetable saps and extracts; of liquorice decreased by -9.8% to 64 tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a precipitous slump. The most prominent rate of growth was recorded in 2020 with an increase of 30%. As a result, imports attained the peak of 236 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of vegetable saps and extracts; of liquorice fell dramatically to $556K in 2022. Over the period under review, imports saw a precipitous contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 9.1%. As a result, imports attained the peak of $2.1M. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. Iran (41.0 tons)
2. France (17.7 tons)
3. China (4.7 tons)

Exports of Vegetable Saps and Extracts; of Liquorice in Turkey

For the third year in a row, Turkey recorded decline in overseas shipments of vegetable saps and extracts; of liquorice, which decreased by -12.9% to 635 kg in 2022. Overall, exports saw a dramatic setback.

In value terms, exports of vegetable saps and extracts; of liquorice contracted rapidly to $4.6K in 2022. In general, exports recorded a precipitous setback. The smallest decline of -9.6% was in 2020.

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

1. Germany (407.0 kg)
2. Denmark (200.0 kg)
3. South Korea (26.0 kg)

Source: IndexBox Market Intelligence Platform