Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in New Zealand - 2023
Contents:
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in New Zealand (CIF) - 2023
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in New Zealand (FOB) - 2022
- Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in New Zealand
- Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in New Zealand
Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in New Zealand (CIF) - 2023
The average import price for hop cones; ground, powdered or in the form of pellets; lupulin stood at $28,203 per ton in December 2023, declining by -11.1% against the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 when the average import price increased by 13% m-o-m. The import price peaked at $40,732 per ton in June 2023; however, from July 2023 to December 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2023, the country with the highest price was Australia ($29,089 per ton), while the price for the UK ($22,800 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 UK (+0.0%), 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 New Zealand (FOB) - 2022
In 2022, the average export price for hop cones; ground, powdered or in the form of pellets; lupulin amounted to $24,942 per ton, reducing by -6.7% against the previous year. Over the period under review, the export price saw a abrupt downturn. The growth pace was the most rapid in 2021 when the average export price increased by 9.9% against the previous year. Over the period under review, the average export prices hit record highs at $41,588 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Canada ($28,948 per ton) and Japan ($25,381 per ton), while the average price for exports to the UK ($20,662 per ton) and Australia ($21,913 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 Canada (-1.7%), 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 New Zealand
In 2022, approx. 406 tons of hop cones; ground, powdered or in the form of pellets; lupulin were imported into New Zealand; rising by 23% compared with the previous year's figure. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +19.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.5% 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 surged to $11M in 2022. In general, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.7% 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 +76.0% against 2019 indices. As a result, imports reached 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 New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.0 | 6.2 | 7.4 | 10.1 | 26.4% |
| Australia | 0.6 | 0.5 | 0.5 | 0.4 | -12.6% |
| Germany | 0.3 | 0.3 | 0.5 | 0.1 | -30.7% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 6.1 | 7.2 | 8.5 | 10.7 | 20.6% |
Top Suppliers of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin to New Zealand in 2022:
- United States (377.2 tons)
- Australia (12.6 tons)
- Germany (10.5 tons)
Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in New Zealand
In 2022, the amount of hop cones; ground, powdered or in the form of pellets; lupulin exported from New Zealand surged to 662 tons, increasing by 89% against the previous year. Over the period under review, exports, however, recorded a abrupt descent.
In value terms, exports of hop cones; ground, powdered or in the form of pellets; lupulin surged to $17M in 2022. Overall, exports, however, continue to indicate a abrupt contraction.
| Export of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| United States | 16.2 | 4.3 | 10.8 | -18.4% | |
| Australia | 2.2 | 0.9 | 1.6 | -14.7% | |
| United Kingdom | 2.3 | 1.4 | 1.0 | -34.1% | |
| Canada | 0.5 | 0.1 | 0.7 | 18.3% | |
| Japan | 0.9 | 0.9 | 0.7 | -11.8% | |
| Others | 1.6 | 1.8 | 1.6 | 0.0% | |
| Total | 23.7 | 9.4 | 16.5 | -16.6% | |
Top Export Markets for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin from New Zealand in 2022:
- United States (432.3 tons)
- Australia (74.4 tons)
- United Kingdom (50.7 tons)
- Japan (28.9 tons)
- Canada (23.2 tons)
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