Price for Vegetable Saps and Extracts; of Liquorice in Nepal - 2022

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

The average import price for vegetable saps and extracts; of liquorice stood at $2,246 per ton in 2022, declining by -62.6% against the previous year. Over the period under review, the import price recorded a abrupt shrinkage. The growth pace was the most rapid in 2021 when the average import price increased by 107% against the previous year. The import price peaked at $8,025 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2013 to 2022, the rate of growth in terms of prices for India amounted to -13.2% per year.

Imports of Vegetable Saps and Extracts; of Liquorice in Nepal

In 2022, purchases abroad of vegetable saps and extracts; of liquorice increased by 2,799,900% to 28 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of vegetable saps and extracts; of liquorice soared to $63K in 2022. Over the period under review, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.