Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Slovenia - 2023

Contents:

  1. Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Slovenia (FOB) - 2022
  2. Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Slovenia (CIF) - 2023
  3. Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Slovenia
  4. Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Slovenia

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

In 2022, the average export price for hop cones; ground, powdered or in the form of pellets; lupulin amounted to $11,812 per ton, waning by -15.4% against the previous year. Overall, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when the average export price increased by 54% against the previous year. Over the period under review, the average export prices reached the peak figure at $13,969 per ton in 2021, and then reduced markedly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($22,726 per ton), while the average price for exports to Kyrgyzstan ($6,681 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 Vietnam (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Slovenia (CIF) - 2023

In August 2023, the average import price for hop cones; ground, powdered or in the form of pellets; lupulin amounted to $31,511 per ton, waning by -41.3% against the previous month. Overall, the import price, however, enjoyed a prominent expansion. The growth pace was the most rapid in December 2022 an increase of 183% against the previous month. The import price peaked at $85,475 per ton in June 2023; however, from July 2023 to August 2023, import prices remained at a lower figure.

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

From August 2022 to August 2023, the rate of growth in terms of prices for Germany amounted to +23.9% per month.

Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Slovenia

For the third year in a row, Slovenia recorded decline in shipments abroad of hop cones; ground, powdered or in the form of pellets; lupulin, which decreased by -12.6% to 789 tons in 2022. Over the period under review, exports continue to indicate a dramatic slump. The smallest decline of -5.2% was in 2021.

In value terms, exports of hop cones; ground, powdered or in the form of pellets; lupulin reduced markedly to $9.3M in 2022. In general, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 4.9%.

Export of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Slovenia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China3,5523,1303,7513,004-5.4%
Belgium1,2821,3021,740938-9.9%
Croatia6687088418699.2%
Vietnam9861,5121,249510-19.7%
Russia496523396480-1.1%
Serbia649171230475-9.9%
Romania10714310828638.8%
Germany2,8845341,101282-53.9%
Czech Republic324249466205-14.2%
United Kingdom1811,065242158-4.4%
Ukraine395230173140-29.2%
United States30.03199.413966.7%
KyrgyzstanN/AN/AN/A1320%
Others2,0562,1402,3081,703-6.1%
Total13,61112,02512,6149,321-11.9%

Top Export Markets for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin from Slovenia in 2022:

  1. China (324.0 tons)
  2. Belgium (86.1 tons)
  3. Croatia (47.2 tons)
  4. Russia (46.5 tons)
  5. Vietnam (44.0 tons)
  6. Serbia (33.6 tons)
  7. Kyrgyzstan (19.8 tons)
  8. Romania (19.6 tons)
  9. Czech Republic (17.6 tons)
  10. United Kingdom (15.8 tons)
  11. Ukraine (12.6 tons)
  12. Germany (12.4 tons)
  13. United States (12.1 tons)

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

In 2022, approx. 314 tons of hop cones; ground, powdered or in the form of pellets; lupulin were imported into Slovenia; surging by 22% on 2021. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +15.2% 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 -14.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 78%. As a result, imports reached the peak of 366 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of hop cones; ground, powdered or in the form of pellets; lupulin expanded markedly to $4.2M in 2022. The total import value increased at an average annual rate of +6.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 32%. As a result, imports attained the peak of $4.6M. 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 Slovenia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States4215041,5621,88164.7%
Germany4151,2109331,59056.5%
Czech Republic10640.811720224.0%
Poland21.330253.9177102.5%
United Kingdom28090.719798.7-29.4%
Belgium1,0351,233724N/A-16.4%
Others1,2071,233355222-43.1%
Total3,4854,6143,9424,1706.2%

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

  1. Germany (197.2 tons)
  2. United States (66.1 tons)
  3. Poland (21.8 tons)
  4. Czech Republic (17.5 tons)
  5. United Kingdom (4.8 tons)

Source: IndexBox Market Intelligence Platform

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