Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in China - 2023
Contents:
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in China (CIF) - 2023
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in China (FOB) - 2022
- Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in China
- Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in China
Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in China (CIF) - 2023
The average import price for hop cones; ground, powdered or in the form of pellets; lupulin stood at $12,213 per ton in December 2023, shrinking by -7.5% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2023 when the average import price increased by 81% against the previous month. As a result, import price attained the peak level of $21,297 per ton. From November 2023 to December 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Czech Republic ($12,605 per ton), while the price for Germany ($7,363 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (-0.1%), while the prices for the other major suppliers experienced a decline.
Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in China (FOB) - 2022
The average export price for hop cones; ground, powdered or in the form of pellets; lupulin stood at $7,311 per ton in 2022, growing by 28% against the previous year. Over the last decade, it increased at an average annual rate of +4.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Kazakhstan ($7,177 per ton) and Russia ($5,859 per ton), while the average price for exports to Romania ($5,230 per ton) and Brazil ($5,679 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (+10.2%), 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 China
Imports of hop cones; ground, powdered or in the form of pellets; lupulin into China expanded modestly to 4.3K tons in 2022, rising by 1.9% against the previous year's figure. The total import volume increased at an average annual rate of +2.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 12%. As a result, imports reached the peak of 4.4K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of hop cones; ground, powdered or in the form of pellets; lupulin amounted to $50M in 2022. The total import value increased at an average annual rate of +7.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 19% against the previous year. Over the period under review, imports of hop cones; ground, powdered or in form of pellets; lupulin attained the maximum in 2022 and are likely to continue growth in the near future.
| Import of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 20.7 | 20.2 | 23.4 | 21.3 | 1.0% |
| United States | 3.7 | 7.1 | 7.9 | 10.3 | 40.7% |
| Slovenia | 2.7 | 5.1 | 4.1 | 0.3 | -51.9% |
| Czech Republic | 13.1 | N/A | N/A | N/A | 0% |
| Others | 0.5 | 16.0 | 14.3 | 18.0 | 230.2% |
| Total | 40.7 | 48.5 | 49.8 | 49.9 | 7.0% |
Top Suppliers of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin to China in 2022:
- Germany (2.2K tons)
- United States (0.6K tons)
Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in China
In 2022, approx. 66 tons of hop cones; ground, powdered or in the form of pellets; lupulin were exported from China; with a decrease of -6.6% on the previous year's figure. In general, exports showed a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 35%.
In value terms, exports of hop cones; ground, powdered or in the form of pellets; lupulin soared to $482K in 2022. Overall, exports saw a slight descent. The most prominent rate of growth was recorded in 2021 when exports increased by 31%.
| Export of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 25.8 | 25.1 | 24.3 | 167 | 86.4% |
| Brazil | 151 | 153 | 257 | 106 | -11.1% |
| Romania | N/A | N/A | N/A | 55.1 | 0% |
| Kazakhstan | 22.1 | N/A | N/A | 31.1 | 12.1% |
| Cameroon | 119 | N/A | N/A | N/A | 0% |
| United States | 19.5 | 6.3 | 27.9 | N/A | 19.6% |
| Moldova | 39.8 | N/A | N/A | N/A | 0% |
| India | 57.4 | N/A | N/A | N/A | 0% |
| Kyrgyzstan | 32.3 | N/A | N/A | N/A | 0% |
| Pakistan | N/A | 13.2 | 19.3 | N/A | 46.2% |
| Ukraine | N/A | 72.5 | 60.7 | N/A | -16.3% |
| Others | 35.4 | 37.9 | 12.5 | 123 | 51.5% |
| Total | 502 | 308 | 402 | 482 | -1.3% |
Top Export Markets for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin from China in 2022:
- Russia (28.5 tons)
- Brazil (18.7 tons)
- Romania (10.5 tons)
- Kazakhstan (4.3 tons)
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