Liqourice Roots; Other Than Crushed, Ground and Powdered – Price Values and Quantity by Year from 2000 to 2007

3.6.17 Liqourice Roots; Other Than Crushed, Ground and Powdered – Price Values and Quantity by Year from 2000 to 2007

3.6.17.1 Overview

Scientific name:

Glycyrrhiza glabra, Linn.

Plant part used:

Roots

HS Code:

121110900

SITC Code:

292410900

3.6.17.2 Analysis

Liquorice roots have medicinal uses. The raw materials are converted to extracts form for commercial applications. The amounts of export were low during the period between year 2000 to 2007 except in year 2006 when the quantity of the materials suddenly increased to 96,722.3 kg.   The amount decreased appreciably in the following year. The demand for this product was not consistent, and in year 2006, the sudden rise in demand might have been  due to higher manufacturing activities for pharmaceutical products. The revenues collected from the export trade did not follow the same pattern as that of the quantities exported, but, exhibited  dual peaks in years 2002 and 2006 with values of RM152,000 and RM215,704 respectively. The cost per kg of product for the period had an irregular profile with the costs showing a  dropp  at the end of the period.

Comparison between the export and import unit cost indicated high negative values except in year 2002.  Presumably,  the local exporters were prepared  to overlook the differences in price per kg of product  as long as they  were able to meet   their commitment to their  clients,   and in the process benefited   from the foreign exchange.

 

 Table 95: Summary of export volumes and values

table_95

*Note: N/A refers to undeclared value by The Royal Customs and Excise

Department of The Government of Malaysia

 

Figure 145: Malaysia’s export 2000 – 2007 for Liqourice Roots; Other Than Crushed, Ground and Powdered

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Figure 146: Exported Liqourice Roots; Other Than Crushed, Ground and Powdered price trend 2000 – 2007

fg_146

 

Table 96: Export and Import Unit Cost Differences of Herbal Products :

2000 -2007

Year

Export

(RM)

Import

(RM)

Diff (RM)

2000

29.85

75.94

-46.09

2001

N/A

93.77

-93.77

2002

30.4

13.85

16.55

2003

18.66

78.91

-60.25

2004

27.08

63.06

-35.98

2005

6.66

35.48

-28.82

2006

2.23

33.5

-31.27

2007

4.98

41.92

-36.94

*Note: N/A refers to undeclared value by The Royal Customs and Excise

Department of The Government of Malaysia