Price for Vegetable Saps and Extracts; of Liquorice in Nigeria - 2022
Contents:
- Price for Vegetable Saps and Extracts; of Liquorice in Nigeria (CIF) - 2022
- Imports of Vegetable Saps and Extracts; of Liquorice in Nigeria
Price for Vegetable Saps and Extracts; of Liquorice in Nigeria (CIF) - 2022
The average import price for vegetable saps and extracts; of liquorice stood at $18,652 per ton in 2022, rising by 31% against the previous year. Overall, the import price showed a resilient expansion. The most prominent rate of growth was recorded in 2019 an increase of 85% against the previous year. As a result, import price reached the peak level of $19,411 per ton. From 2020 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($27,870 per ton), while the price for the UK ($7,764 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Vegetable Saps and Extracts; of Liquorice in Nigeria
In 2022, approx. 11 tons of vegetable saps and extracts; of liquorice were imported into Nigeria; picking up by 959% on 2021. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 1,149% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of vegetable saps and extracts; of liquorice surged to $209K in 2022. In general, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Vegetable Saps and Extracts; of Liquorice in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.0 | 41.4 | 12.1 | 139 | 311.1% |
| Japan | N/A | N/A | N/A | 42.3 | 0% |
| France | N/A | N/A | N/A | 22.7 | 0% |
| Turkey | N/A | N/A | N/A | 1.8 | 0% |
| United Kingdom | 2.5 | 9.3 | 0.8 | 1.7 | -12.1% |
| United States | 0.9 | 6.4 | 1.6 | N/A | 33.3% |
| Others | 3.8 | 10.0 | 0.7 | 1.2 | -31.9% |
| Total | 9.1 | 67.1 | 15.1 | 209 | 184.3% |
Top Suppliers of Vegetable Saps and Extracts; of Liquorice to Nigeria in 2022:
- China (5.0 tons)
- Japan (3.5 tons)
- France (2.2 tons)
- Turkey (0.2 tons)
- United Kingdom (0.2 tons)
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