Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Denmark - 2023
Contents:
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Denmark (CIF) - 2023
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Denmark (FOB) - 2022
- Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Denmark
- Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Denmark
Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Denmark (CIF) - 2023
The average import price for hop cones; ground, powdered or in the form of pellets; lupulin stood at $24,776 per ton in September 2023, flattening at the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 25% m-o-m. Over the period under review, average import prices reached the peak figure at $27,691 per ton in January 2023; however, from February 2023 to September 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($50,791 per ton), while the price for Germany ($23,209 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Sweden (+5.2%), 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 Denmark (FOB) - 2022
The average export price for hop cones; ground, powdered or in the form of pellets; lupulin stood at $14,024 per ton in 2022, with a decrease of -15.4% against the previous year. In general, the export price continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 an increase of 25% against the previous year. Over the period under review, the average export prices hit record highs at $107,950 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($29,666 per ton), while the average price for exports to Greenland ($4,977 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 Norway (-1.2%), while the prices for the other major destinations experienced a decline.
Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Denmark
For the fourth consecutive year, Denmark recorded growth in overseas purchases of hop cones; ground, powdered or in the form of pellets; lupulin, which increased by 35% to 267 tons in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +19.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.9% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of hop cones; ground, powdered or in the form of pellets; lupulin skyrocketed to $6.4M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +15.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,525 | 1,684 | 2,613 | 2,711 | 21.1% |
| Belgium | 293 | 119 | 909 | 2,604 | 107.1% |
| Sweden | 17.9 | 10.0 | 30.6 | 454 | 193.8% |
| Netherlands | 0.6 | 2.8 | N/A | 156 | 538.3% |
| United Kingdom | 2,193 | 1,545 | 161 | 98.8 | -64.4% |
| Others | 94.1 | 255 | 495 | 328 | 51.6% |
| Total | 4,124 | 3,617 | 4,208 | 6,351 | 15.5% |
Top Suppliers of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin to Denmark in 2022:
- Germany (124.1 tons)
- Belgium (101.5 tons)
- Sweden (16.8 tons)
- Netherlands (5.8 tons)
- United Kingdom (5.6 tons)
Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Denmark
In 2022, exports of hop cones; ground, powdered or in the form of pellets; lupulin from Denmark fell sharply to 6.5 tons, shrinking by -47.6% on the previous year. In general, exports recorded a dramatic descent. The smallest decline of -7.7% was in 2021.
In value terms, exports of hop cones; ground, powdered or in the form of pellets; lupulin shrank notably to $92K in 2022. Overall, exports saw a precipitous slump. The smallest decline of -34.2% was in 2021.
| Export of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 78.4 | 58.5 | 68.9 | 24.8 | -31.9% |
| Iceland | 35.6 | 4.4 | 17.7 | 17.7 | -20.8% |
| Greenland | 1.7 | N/A | 10.5 | 15.2 | 107.6% |
| Norway | 619 | 128 | 87.8 | 15.1 | -71.0% |
| Sweden | 38.9 | 44.8 | 20.6 | 12.7 | -31.1% |
| Faroe Islands | 19.8 | 3.0 | 1.3 | 6.2 | -32.1% |
| Others | 124 | 76.0 | 0.3 | N/A | -95.1% |
| Total | 917 | 315 | 207 | 91.7 | -53.6% |
Top Export Markets for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin from Denmark in 2022:
- Greenland (3.1 tons)
- Iceland (0.9 tons)
- Finland (0.8 tons)
- Norway (0.7 tons)
- Sweden (0.6 tons)
- Faroe Islands (0.5 tons)
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