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

Contents:

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

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

The average export price for vegetable saps and extracts; of liquorice stood at $26,002,750 per ton in 2022, rising by 9,415% against the previous year. Over the period under review, the export price continues to indicate significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($30,965,500 per ton), while the average price for exports to Romania ($1,120,000 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 Russia (+25,812.6%).

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

In 2022, the average import price for vegetable saps and extracts; of liquorice amounted to $1,064,106 per ton, growing by 11,473% against the previous year. In general, the import price saw a significant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 France ($1,810,848 per ton), while the price for Lithuania ($7,932 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+1,069.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Vegetable Saps and Extracts; of Liquorice in Latvia

In 2022, the amount of vegetable saps and extracts; of liquorice exported from Latvia surged to 12 kg, increasing by 71% against 2021 figures. In general, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of vegetable saps and extracts; of liquorice surged to $312K in 2022. Over the period under review, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Russia (10.0 kg)
2. Romania (1.0 kg)
3. Bulgaria (1.0 kg)

Imports of Vegetable Saps and Extracts; of Liquorice in Latvia

In 2022, approx. 293 kg of vegetable saps and extracts; of liquorice were imported into Latvia; rising by 43% compared with 2021 figures. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 2,786%. As a result, imports reached the peak of 1.4 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of vegetable saps and extracts; of liquorice surged to $312K in 2022. Overall, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. France (171.0 kg)
2. Lithuania (117.0 kg)

Source: IndexBox Market Intelligence Platform