Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Canada - 2023
Contents:
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Canada (CIF) - 2022
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Canada (FOB) - 2022
- Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Canada
- Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Canada
Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Canada (CIF) - 2022
In 2022, the average import price for hop cones; ground, powdered or in the form of pellets; lupulin amounted to $20,970 per ton, standing approx. at the previous year. Overall, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.7% 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 2016 when the average import price increased by 11% against the previous year. The import price peaked at $21,161 per ton in 2021, and then reduced in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($29,167 per ton), while the price for Germany ($12,024 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Canada (FOB) - 2022
The average export price for hop cones; ground, powdered or in the form of pellets; lupulin stood at $8,992 per ton in 2022, declining by -16.7% against the previous year. Over the period under review, the export price recorded a slight setback. The growth pace was the most rapid in 2018 when the average export price increased by 124%. The export price peaked at $14,927 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($12,816 per ton), while the average price for exports to the Czech Republic ($3,650 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Canada
In 2022, imports of hop cones; ground, powdered or in the form of pellets; lupulin into Canada contracted to 2.3K tons, dropping by -2.6% against the previous year. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 4.1% against the previous year. As a result, imports reached the peak of 2.4K tons, and then dropped slightly in the following year.
In value terms, imports of hop cones; ground, powdered or in the form of pellets; lupulin shrank to $49M in 2022. The total import value increased at an average annual rate of +1.6% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 4.7%. As a result, imports reached the peak of $51M, and then contracted slightly in the following year.
| Import of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 37.1 | 38.9 | 40.2 | 37.5 | 0.4% |
| Germany | 5.7 | 5.1 | 5.0 | 5.0 | -4.3% |
| Australia | 2.1 | 1.9 | 2.5 | 3.6 | 19.7% |
| New Zealand | 0.8 | 0.8 | 1.3 | 1.1 | 11.2% |
| Czech Republic | 0.3 | 0.6 | 0.6 | 0.7 | 32.6% |
| United Kingdom | 0.9 | 0.9 | 0.9 | 0.6 | -12.6% |
| Others | 0.3 | 0.6 | 0.7 | 0.6 | 26.0% |
| Total | 47.0 | 48.8 | 51.0 | 49.3 | 1.6% |
Top Suppliers of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin to Canada in 2022:
- United States (1617.2 tons)
- Germany (416.6 tons)
- Australia (137.6 tons)
- Czech Republic (50.2 tons)
- New Zealand (39.1 tons)
- United Kingdom (36.6 tons)
Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Canada
In 2022, overseas shipments of hop cones; ground, powdered or in the form of pellets; lupulin decreased by -0.9% to 114 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 114%.
In value terms, exports of hop cones; ground, powdered or in the form of pellets; lupulin plummeted to $1M in 2022. Overall, exports, however, posted a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 82% against the previous year. As a result, the exports attained the peak of $1.2M, and then dropped sharply in the following year.
| Export of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 647 | 408 | 1,012 | 844 | 9.3% |
| Czech Republic | 32.6 | 83.2 | 150 | 147 | 65.2% |
| Poland | N/A | N/A | N/A | 11.7 | 0% |
| France | N/A | 5.8 | N/A | 9.7 | 29.3% |
| India | N/A | N/A | 49.7 | 8.2 | -83.5% |
| Latvia | N/A | 173 | N/A | N/A | 0% |
| Others | 11.0 | 9.8 | 25.5 | N/A | 52.3% |
| Total | 691 | 680 | 1,237 | 1,021 | 13.9% |
Top Export Markets for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin from Canada in 2022:
- United States (65.8 tons)
- Czech Republic (40.4 tons)
- France (2.6 tons)
- Poland (2.4 tons)
- India (2.3 tons)
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