Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Mexico - 2023
Contents:
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Mexico (CIF) - 2023
- Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Mexico
Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Mexico (CIF) - 2023
The average import price for hop cones; ground, powdered or in the form of pellets; lupulin stood at $28,051 per ton in October 2023, surging by 41% against the previous month. Over the period under review, the import price continues to indicate a tangible increase. The pace of growth was the most pronounced in July 2023 when the average import price increased by 177% month-to-month. The import price peaked in October 2023.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From October 2022 to October 2023, the rate of growth in terms of prices for the United States amounted to +2.1% per month.
Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Mexico
Imports of hop cones; ground, powdered or in the form of pellets; lupulin into Mexico surged to 962 tons in 2022, picking up by 247% compared with the previous year's figure. In general, imports continue to indicate a significant increase. 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 soared to $9.7M in 2022. Overall, imports showed significant growth. 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 Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Germany | N/A | 1.7 | 8.1 | 376.5% | |
| United States | 3.4 | 1.6 | 1.5 | -33.6% | |
| Others | 0.1 | 0.1 | N/A | 0.0% | |
| Total | 3.5 | 3.4 | 9.7 | 66.5% | |
Top Suppliers of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin to Mexico in 2022:
- Germany (895.6 tons)
- United States (64.8 tons)
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