Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in South Africa - 2023
Contents:
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in South Africa (CIF) - 2023
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in South Africa (FOB) - 2022
- Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in South Africa
- Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in South Africa
Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in South Africa (CIF) - 2023
In December 2023, the average import price for hop cones; ground, powdered or in the form of pellets; lupulin amounted to $8,912 per ton, with a decrease of -66.2% against the previous month. Over the period under review, the import price saw a slight decline. The growth pace was the most rapid in November 2023 an increase of 274% month-to-month. Over the period under review, average import prices hit record highs at $38,146 per ton in July 2023; however, from August 2023 to December 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($26,906 per ton), while the price for Germany amounted to $8,788 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the United States (+6.2%).
Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in South Africa (FOB) - 2022
The average export price for hop cones; ground, powdered or in the form of pellets; lupulin stood at $11,037 per ton in 2022, falling by -11.6% against the previous year. Overall, the export price, however, posted a measured increase. The most prominent rate of growth was recorded in 2015 an increase of 64%. The export price peaked at $12,483 per ton in 2021, and then fell in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mozambique ($19,870 per ton), while the average price for exports to Namibia ($8,578 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 the United States (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in South Africa
Imports of hop cones; ground, powdered or in the form of pellets; lupulin into South Africa fell sharply to 289 tons in 2022, shrinking by -38.2% against 2021. In general, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year. As a result, imports attained the peak of 468 tons, and then declined dramatically in the following year.
In value terms, imports of hop cones; ground, powdered or in the form of pellets; lupulin dropped sharply to $4.3M in 2022. Overall, total imports indicated a modest expansion from 2019 to 2022: its value increased at an average annual rate of +1.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 42% against the previous year. As a result, imports reached the peak of $6.8M, and then contracted dramatically in the following year.
| Import of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.7 | 2.9 | 4.6 | 2.3 | -5.2% |
| United States | 1.4 | 1.7 | 1.5 | 1.8 | 8.7% |
| Others | 0.1 | 0.1 | 0.7 | 0.2 | 26.0% |
| Total | 4.1 | 4.8 | 6.8 | 4.3 | 1.6% |
Top Suppliers of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin to South Africa in 2022:
- Germany (199.2 tons)
- United States (82.8 tons)
Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in South Africa
After three years of growth, shipments abroad of hop cones; ground, powdered or in the form of pellets; lupulin decreased by -30.3% to 188 tons in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +5.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. As a result, the exports attained the peak of 270 tons, and then shrank rapidly in the following year.
In value terms, exports of hop cones; ground, powdered or in the form of pellets; lupulin shrank sharply to $2.1M in 2022. In general, total exports indicated a moderate expansion from 2019 to 2022: its value increased at an average annual rate of +4.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 51%. As a result, the exports reached the peak of $3.4M, and then declined notably in the following year.
| Export of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zimbabwe | 257 | 403 | 259 | 731 | 41.7% |
| Zambia | 336 | 161 | 413 | 353 | 1.7% |
| Nigeria | N/A | 78.0 | 724 | 246 | 77.6% |
| United States | 896 | 1,132 | 1,491 | 199 | -39.4% |
| Mozambique | 9.7 | N/A | N/A | 199 | 173.8% |
| Namibia | 10.9 | 32.7 | 29.0 | 57.5 | 74.1% |
| Swaziland | 50.1 | 56.0 | 38.4 | 56.9 | 4.3% |
| Uganda | 34.3 | 72.0 | 85.6 | 56.9 | 18.4% |
| Tanzania | 59.2 | 199 | 187 | 55.4 | -2.2% |
| Botswana | 94.6 | 16.9 | 36.1 | 46.4 | -21.1% |
| Lesotho | 58.3 | 32.7 | 59.4 | 27.9 | -21.8% |
| Others | 32.9 | 49.3 | 42.2 | 44.8 | 10.8% |
| Total | 1,838 | 2,233 | 3,366 | 2,074 | 4.1% |
Top Export Markets for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin from South Africa in 2022:
- Zimbabwe (71.3 tons)
- Zambia (31.8 tons)
- Nigeria (28.0 tons)
- United States (12.5 tons)
- Mozambique (10.0 tons)
- Namibia (6.7 tons)
- Uganda (6.2 tons)
- Swaziland (5.8 tons)
- Tanzania (5.2 tons)
- Botswana (4.9 tons)
- Lesotho (3.3 tons)
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