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

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

In 2022, the average import price for vegetable saps and extracts; of liquorice amounted to $10,640 per ton, growing by 26% against the previous year. In general, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the average import price increased by 46% against the previous year. As a result, import price reached the peak level of $12,098 per ton. From 2019 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 the Netherlands ($36,608 per ton), while the price for China ($3,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.6%), while the prices for the other major suppliers experienced a decline.

Imports of Vegetable Saps and Extracts; of Liquorice in Ghana

In 2022, purchases abroad of vegetable saps and extracts; of liquorice decreased by -17% to 3.8 tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 119%. As a result, imports reached the peak of 4.8 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of vegetable saps and extracts; of liquorice totaled $40K in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +19.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -4.4% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 79% against the previous year. As a result, imports attained the peak of $42K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Import of Vegetable Saps and Extracts; of Liquorice in Ghana (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	N/A	N/A	N/A	12.6	0%
Germany	7.2	17.2	17.4	6.6	-2.9%
India	6.2	4.6	2.0	1.6	-36.3%
United Kingdom	N/A	1.7	1.8	0.6	-40.6%
Belgium	N/A	4.9	N/A	N/A	0%
Canada	N/A	N/A	N/A	N/A	0%
Others	10.2	14.0	17.4	19.2	23.5%
Total	23.7	42.3	38.6	40.5	19.6%