Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Panama - 2023
Contents:
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Panama (CIF) - 2022
- Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Panama
Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Panama (CIF) - 2022
The average import price for hop cones; ground, powdered or in the form of pellets; lupulin stood at $19,695 per ton in 2022, picking up by 8.7% against the previous year. Overall, the import price recorded a remarkable increase. The pace of growth appeared the most rapid in 2018 when the average import price increased by 60% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Free Zones ($29,125 per ton), while the price for the United States ($18,367 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+48.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Panama
In 2022, imports of hop cones; ground, powdered or in the form of pellets; lupulin into Panama surged to 8.9 tons, growing by 57% on the previous year. Overall, imports, however, recorded a pronounced slump.
In value terms, imports of hop cones; ground, powdered or in the form of pellets; lupulin soared to $175K in 2022. In general, imports showed a moderate expansion. 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 Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 146 | 83.6 | 87.6 | 137 | -2.1% |
| Free Zones | 7.8 | 7.2 | 11.8 | 30.4 | 57.4% |
| Germany | 8.8 | 2.7 | 2.7 | 6.8 | -8.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 162 | 93.4 | 102 | 175 | 2.6% |
Top Suppliers of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin to Panama in 2022:
- United States (7.5 tons)
- Free Zones (1.0 tons)
- Germany (0.3 tons)
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