Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in the Philippines - 2023
Contents:
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in the Philippines (CIF) - 2022
- Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in the Philippines
Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in the Philippines (CIF) - 2022
In 2022, the average import price for hop cones; ground, powdered or in the form of pellets; lupulin amounted to $19,621 per ton, picking up by 36% against the previous year. Overall, the import price saw a buoyant increase. The pace of growth appeared the most rapid in 2020 when the average import price increased by 40% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($19,621 per ton), while the price for Germany amounted to $19,621 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+12.8%).
Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in the Philippines
After two years of decline, supplies from abroad of hop cones; ground, powdered or in the form of pellets; lupulin increased by 38% to 139 tons in 2022. Over the period under review, imports, however, recorded a sharp shrinkage.
In value terms, imports of hop cones; ground, powdered or in the form of pellets; lupulin skyrocketed to $2.7M in 2022. In general, imports, however, recorded a perceptible shrinkage.
| Import of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 305 | 500 | 484 | 1,806 | 80.9% |
| United States | 964 | 212 | 44.1 | 880 | -3.0% |
| Others | 1,640 | 702 | 921 | 34.0 | -72.5% |
| Total | 2,909 | 1,414 | 1,449 | 2,720 | -2.2% |
Top Suppliers of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin to the Philippines in 2022:
- Germany (92.1 tons)
- United States (44.8 tons)
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