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: | |
| HS Code: | |
| SITC Code: |
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
*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
Figure 146: Exported Liqourice Roots; Other Than Crushed, Ground and Powdered price trend 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 |
Table 96: Export and Import Unit Cost Differences of Herbal Products : 2000 -2007
*Note: N/A refers to undeclared value by The Royal Customs and Excise
Department of The Government of Malaysia
