Price for Vegetable Saps and Extracts; Opium in Belgium - 2023

Contents:

1. Price for Vegetable Saps and Extracts; Opium in Belgium (CIF) - 2022
2. Imports of Vegetable Saps and Extracts; Opium in Belgium

Price for Vegetable Saps and Extracts; Opium in Belgium (CIF) - 2022

The average import price for vegetable saps and extracts; opia stood at $88,397 per ton in 2022, picking up by 99% against the previous year. Over the period under review, the import price, however, showed a slight decline. The most prominent rate of growth was recorded in 2021 when the average import price increased by 984%. The import price peaked at $153,126 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($113,763 per ton), while the price for the UK ($3,405 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+321.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Vegetable Saps and Extracts; Opium in Belgium

In 2022, overseas purchases of vegetable saps and extracts; opia decreased by -43.2% to 63 kg, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a sharp decrease. The growth pace was the most rapid in 2020 when imports increased by 562%. As a result, imports reached the peak of 2.5 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, vegetable saps and extracts; opium imports rose significantly to $5.6K in 2022. Overall, imports recorded a sharp decline.

Top Suppliers of Vegetable Saps and Extracts; Opium to Belgium in 2022:

1. Spain (36.0 kg)
2. Switzerland (25.0 kg)
3. Japan (1.0 kg)
4. United Kingdom (1.0 kg)

Source: IndexBox Market Intelligence Platform