Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in the United States - 2023
Contents:
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in the United States (FOB) - 2023
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in the United States (CIF) - 2023
- Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in the United States
- Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in the United States
Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in the United States (FOB) - 2023
In December 2023, the average export price for hop cones; ground, powdered or in the form of pellets; lupulin amounted to $20,814 per ton, surging by 4.5% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in September 2023 an increase of 15% month-to-month. As a result, the export price attained the peak level of $22,358 per ton. From October 2023 to December 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was Belgium ($30,676 per ton), while the average price for exports to India ($9,931 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+7.8%), 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 the United States (CIF) - 2023
The average import price for hop cones; ground, powdered or in the form of pellets; lupulin stood at $14,501 per ton in December 2023, declining by -19.7% against the previous month. Over the period under review, import price indicated mild growth from December 2022 to December 2023: its price increased at an average monthly rate of +1.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for hop cones; ground, powdered or in the form of pellets; lupulin decreased by -35.8% against August 2023 indices. The pace of growth appeared the most rapid in March 2023 an increase of 42% month-to-month. The import price peaked at $22,588 per ton in August 2023; however, from September 2023 to December 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In December 2023, the country with the highest price was the Czech Republic ($17,316 per ton), while the price for New Zealand ($12,051 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Australia (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in the United States
For the fourth consecutive year, the United States recorded growth in shipments abroad of hop cones; ground, powdered or in the form of pellets; lupulin, which increased by 8.8% to 15K tons in 2022. The total export volume increased at an average annual rate of +9.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 15% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of hop cones; ground, powdered or in the form of pellets; lupulin rose sharply to $302M in 2022. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +15.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 31%. Over the period under review, the exports of hop cones; ground, powdered or in form of pellets; lupulin attained the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 32.7 | 32.5 | 65.4 | 84.5 | 37.2% |
| Germany | 26.4 | 29.8 | 33.3 | 42.4 | 17.1% |
| Canada | 41.5 | 43.6 | 45.9 | 41.7 | 0.2% |
| United Kingdom | 21.3 | 22.4 | 25.4 | 23.4 | 3.2% |
| Australia | 14.9 | 15.4 | 24.5 | 18.5 | 7.5% |
| China | 2.6 | 7.4 | 9.1 | 15.2 | 80.1% |
| Brazil | 15.1 | 10.1 | 17.3 | 14.0 | -2.5% |
| Argentina | 6.7 | 10.9 | 11.5 | 11.6 | 20.1% |
| Others | 36.9 | 35.5 | 39.8 | 50.6 | 11.1% |
| Total | 198 | 208 | 272 | 302 | 15.1% |
Top Export Markets for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin from the United States in 2022:
- Belgium (3.3K tons)
- Canada (2.1K tons)
- Germany (2.1K tons)
- United Kingdom (1.3K tons)
- Brazil (1.2K tons)
- Australia (0.8K tons)
- China (0.8K tons)
- Argentina (0.7K tons)
Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in the United States
In 2022, overseas purchases of hop cones; ground, powdered or in the form of pellets; lupulin decreased by -18% to 3.5K tons, falling for the second consecutive year after two years of growth. In general, imports showed a deep downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 0.5% against the previous year. As a result, imports attained the peak of 4.3K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of hop cones; ground, powdered or in the form of pellets; lupulin contracted sharply to $59M in 2022. Over the period under review, imports continue to indicate a pronounced curtailment. The growth pace was the most rapid in 2021 with an increase of 12%. As a result, imports attained the peak of $72M, and then fell rapidly in the following year.
| Import of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 33.8 | 27.5 | 32.7 | 20.0 | -16.0% |
| New Zealand | 12.3 | 15.4 | 16.4 | 18.1 | 13.7% |
| Australia | 13.4 | 16.8 | 15.3 | 17.3 | 8.9% |
| Czech Republic | 0.8 | 0.7 | 1.6 | 1.8 | 31.0% |
| United Kingdom | 3.6 | 2.3 | 0.8 | 1.0 | -34.8% |
| South Africa | 0.8 | 1.2 | 4.4 | 0.2 | -37.0% |
| Others | 1.5 | 1.2 | 1.1 | 0.7 | -22.4% |
| Total | 66.3 | 65.0 | 72.5 | 59.2 | -3.7% |
Top Suppliers of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin to the United States in 2022:
- Germany (1735.4 tons)
- Australia (755.9 tons)
- New Zealand (729.2 tons)
- Czech Republic (127.2 tons)
- United Kingdom (73.2 tons)
- South Africa (11.4 tons)
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