Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Sri Lanka - 2022
Contents:
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Sri Lanka (CIF) - 2022
- Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Sri Lanka
Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Sri Lanka (CIF) - 2022
The average import price for hop cones; ground, powdered or in the form of pellets; lupulin stood at $14,302 per ton in 2022, picking up by 42% against the previous year. In general, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for hop cones; ground, powdered or in the form of pellets; lupulin increased by +18.9% against 2018 indices. The growth pace was the most rapid in 2018 an increase of 42% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($28,142 per ton), while the price for Germany ($13,356 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+28.5%), 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 Sri Lanka
In 2022, approx. 47 tons of hop cones; ground, powdered or in the form of pellets; lupulin were imported into Sri Lanka; with a decrease of -29.6% against the previous year. Overall, imports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2021 when imports increased by 96%. As a result, imports reached the peak of 67 tons, and then contracted markedly in the following year.
In value terms, imports of hop cones; ground, powdered or in the form of pellets; lupulin fell to $670K in 2022. In general, imports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2021 when imports increased by 75% against the previous year. As a result, imports reached the peak of $673K, leveling off in the following year.
| Import of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 103 | 179 | 304 | 586 | 78.5% |
| India | N/A | N/A | N/A | 84.4 | 0% |
| United States | 101 | 21.0 | 62.3 | N/A | -21.5% |
| Others | 187 | 183 | 306 | N/A | 27.9% |
| Total | 390 | 383 | 673 | 670 | 19.8% |
Top Suppliers of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin to Sri Lanka in 2022:
- Germany (43.9 tons)
- India (3.0 tons)
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