Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Iran - 2022

Contents:

  1. Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Iran (CIF) - 2022
  2. Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Iran

Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Iran (CIF) - 2022

In 2022, the average import price for hop cones; ground, powdered or in the form of pellets; lupulin amounted to $20,497 per ton, surging by 13% against the previous year. In general, the import price saw a strong increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 70%. The import price peaked at $24,349 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +8.0% per year.

Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Iran

In 2022, after three years of growth, there was decline in supplies from abroad of hop cones; ground, powdered or in the form of pellets; lupulin, when their volume decreased by -3.5% to 31 tons. In general, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +21.6% 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 +79.7% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 73%.

In value terms, imports of hop cones; ground, powdered or in the form of pellets; lupulin expanded sharply to $627K in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +17.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -7.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 74%. As a result, imports attained the peak of $679K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Iran (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany38537015262717.7%
Russia6.7124N/AN/A1750.7%
PolandN/AN/A84.8N/A0%
United Arab EmiratesN/AN/A215N/A0%
TurkeyN/A186123N/A-33.9%
OthersN/AN/AN/AN/A0%
Total39267957462716.9%

Top Suppliers of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin to Iran in 2022:

  1. Germany (30.6 tons)

Source: IndexBox Market Intelligence Platform

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