What is the price of licorice roots per kilogram/pound in Singapore today?
The retail price range for Singapore licorice roots is between US$ 13.22 and US$ 19.03 per kilogram or between US$ 6.00 and US$ 8.63 per pound(lb). Click here to see today's exact prices of licorice roots in Singapore
The retail price range in Singapore Dollar for licorice roots is between SGD 17.78 and SGD 25.59 per kilogram or between SGD 8.07 and SGD 11.61 per pound(lb) in Singapore and Bishan.
Wholesale prices
In 2024, the approximate wholesale price range for Singapore licorice roots is between US$ 9.26 and US$ 13.32 per kilogram or between US$ 4.20 and US$ 6.04 per pound(lb).
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Singapore Licorice Roots Export Prices - Historical, Trends and Prediction
The export price per kilogram of Licorice roots from Singapore has seen a steady increase over the last five years. In 2016, the price was $15.20, followed by $10.86 in 2017, $14.91 in 2018, $13.57 in 2019, and $17.29 in 2020. The most recent data shows a significant jump in 2021, with the price reaching $29.74. This is a significant increase from the previous year and suggests that the export price of Licorice roots is likely to continue to rise in the coming years. Based on this trend, it is predicted that the export price of Licorice roots from Singapore will reach $34.45 in 2023 and $39.16 in 2024.Singapore Licorice Roots Import Prices - Historical, Trends and Prediction
The import price per kilogram of Licorice roots into Singapore has seen a steady increase over the past five years. In 2016, the price was 8.08 US dollars, which rose to 10.15 US dollars in 2017 and 14.91 US dollars in 2018. The price then saw a significant jump to 17.29 US dollars in 2020 and a further increase to 29.74 US dollars in 2021. Based on this trend, it is predicted that the import price per kilogram of Licorice roots into Singapore will be around 33.00 US dollars in 2023 and 36.50 US dollars in 2024.Export values for Singapore licorice roots
The total values in export for licorice roots in Singapore were US$ 228, US$ 304, US$ 164 and US$ 285 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Tubers category in Singapore: Seed Potatoes, Potatoes, Cassava, Sweet Potatoes, Yams, Taro (Arrowroot), Ginseng roots, Chicory roots & Cocoyam.
See prices of licorice roots in other countries across Asia: Kazakhstan licorice roots, Kyrgyzstan licorice roots, Tajikistan licorice roots, Turkmenistan licorice roots, Uzbekistan licorice roots, China licorice roots, Hong Kong licorice roots, Macao licorice roots, North Korea licorice roots & Mongolia licorice roots.
Singapore licorice roots - Production, Exports, Imports, Seasons and HS Codes
The amount of licorice roots shipped by Singapore in 2020 was 24 metric tonnes. In 2019 Singapore exported 21 tonnes of licorice roots. Through 2019 alone, the demand for Singapore licorice roots (tubers category) has increased, with a change of 90.909 pc compared to the year 2018. Between 2017 and 2019, licorice roots' exports went down by -25 pc earning the country US$0.28m for the year 2019. Singapore's licorice roots exports are categorised as:
- Liquorice roots, fresh or dried, whether or not cut, crushed or powdered (HS code 121110)
- Extracts of liquorice (excluding that with a sucrose content by weight of > 10% or in the form of confectionery) (HS code 130212)
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Singapore licorice roots export values
In 2019, Singapore exported licorice roots costing 0.28m USD, an increment of 70.73% from 2018's total licorice roots export of 0.164m USD. The yearly change in value of Singapore licorice roots between 2017 to 2018 was -46.053 pc.
The yearly change in the volume of Singapore's licorice roots exports between 2017 and 2019 was -25 pc when compared to a variation of 90.909% in the growth rate between 2018 and 2019.
Export markets for Singapore licorice roots ( in '000$ )
Singapore procured 126 tonnes of licorice roots in 2019.