Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in South Korea - 2022
Contents:
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in South Korea (CIF) - 2022
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in South Korea (FOB) - 2022
- Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in South Korea
- Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in South Korea
Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in South Korea (CIF) - 2022
In December 2022, the average import price for hop cones; ground, powdered or in the form of pellets; lupulin amounted to $11,825 per ton, growing by 9.3% against the previous month. Over the period under review, the import price, however, showed a abrupt slump. The pace of growth was the most pronounced in April 2022 an increase of 80% against the previous month. Over the period under review, average import prices hit record highs at $27,315 per ton in February 2022; however, from March 2022 to December 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was the United States ($24,994 per ton), while the price for Slovenia ($4,625 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (-1.1%), 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 South Korea (FOB) - 2022
In 2022, the average export price for hop cones; ground, powdered or in the form of pellets; lupulin amounted to $19,178 per ton, growing by 46% against the previous year. Over the period under review, the export price posted a noticeable expansion. The pace of growth was the most pronounced in 2016 an increase of 149% against the previous year. As a result, the export price attained the peak level of $40,667 per ton. From 2017 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to +17.3% per year.
Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in South Korea
In 2022, imports of hop cones; ground, powdered or in the form of pellets; lupulin into South Korea shrank modestly to 408 tons, dropping by -3.1% against 2021 figures. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 16% against the previous year. As a result, imports attained the peak of 421 tons, and then declined in the following year.
In value terms, imports of hop cones; ground, powdered or in the form of pellets; lupulin declined notably to $6.4M in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 28% against the previous year. As a result, imports reached the peak of $8.1M, and then reduced markedly in the following year.
| Import of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.2 | 3.5 | 4.3 | 3.1 | -1.1% |
| Germany | 3.2 | 2.6 | 3.0 | 2.8 | -4.4% |
| Czech Republic | N/A | N/A | 0.6 | 0.3 | -50.0% |
| Slovenia | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Others | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Total | 6.5 | 6.3 | 8.1 | 6.4 | -0.5% |
Top Suppliers of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin to South Korea in 2022:
- Germany (257.3 tons)
- United States (115.9 tons)
- Czech Republic (19.8 tons)
- Slovenia (8.2 tons)
Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in South Korea
Exports of hop cones; ground, powdered or in the form of pellets; lupulin from South Korea surged to 2 tons in 2022, growing by 87% against the previous year's figure. Overall, exports, however, recorded a sharp downturn.
In value terms, exports of hop cones; ground, powdered or in the form of pellets; lupulin surged to $39K in 2022. In general, exports, however, showed a dramatic decline.
| Export of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 38.4 | 0% |
| Hong Kong SAR | 18.7 | N/A | N/A | N/A | 0% |
| China | 104 | 39.2 | N/A | N/A | -62.3% |
| Germany | N/A | 13.2 | N/A | N/A | 0% |
| Vietnam | N/A | 21.2 | 10.6 | N/A | -50.0% |
| India | 15.0 | N/A | N/A | N/A | 0% |
| Japan | 11.5 | 11.1 | 1.9 | N/A | -59.4% |
| Others | N/A | N/A | 1.7 | 0.4 | -76.5% |
| Total | 149 | 84.8 | 14.2 | 38.8 | -36.1% |
Top Export Markets for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin from South Korea in 2022:
- United States (2.0 tons)
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