Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Ukraine - 2023

Contents:

  1. Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Ukraine (CIF) - 2023
  2. Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Ukraine (FOB) - 2022
  3. Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Ukraine
  4. Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Ukraine

Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Ukraine (CIF) - 2023

In October 2023, the average import price for hop cones; ground, powdered or in the form of pellets; lupulin amounted to $13,378 per ton, rising by 3.4% against the previous month. In general, import price indicated noticeable growth from October 2022 to October 2023: its price increased at an average monthly rate of +3.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for hop cones; ground, powdered or in the form of pellets; lupulin decreased by -25.5% against August 2023 indices. The pace of growth was the most pronounced in January 2023 when the average import price increased by 58% month-to-month. The import price peaked at $17,954 per ton in August 2023; however, from September 2023 to October 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 ($25,436 per ton), while the price for Slovenia ($9,609 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Germany (+6.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Ukraine (FOB) - 2022

The average export price for hop cones; ground, powdered or in the form of pellets; lupulin stood at $7,349 per ton in 2022, waning by -13.2% against the previous year. Over the period under review, the export price, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by 54% against the previous year. The export price peaked at $12,411 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($11,061 per ton), while the average price for exports to Canada ($6,000 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 Uzbekistan (+32.1%), 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 Ukraine

For the third consecutive year, Ukraine recorded decline in purchases abroad of hop cones; ground, powdered or in the form of pellets; lupulin, which decreased by -34.5% to 202 tons in 2022. In general, imports recorded a deep reduction. The smallest decline of -1.3% was in 2020.

In value terms, imports of hop cones; ground, powdered or in the form of pellets; lupulin reduced remarkably to $2.3M in 2022. Over the period under review, imports showed a drastic downturn. The smallest decline of -1.2% was in 2021.

Import of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Ukraine (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany2,9332,8622,2581,441-21.1%
United States4924256625352.8%
Slovenia395231206145-28.4%
Czech Republic30.279.819561.626.8%
FranceN/AN/A11859.1-49.9%
Poland50.920227825.5-20.6%
Others25.730.567.317.5-12.0%
Total3,9273,8303,7852,285-16.5%

Top Suppliers of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin to Ukraine in 2022:

  1. Germany (150.2 tons)
  2. United States (24.4 tons)
  3. Slovenia (12.6 tons)
  4. France (7.2 tons)
  5. Czech Republic (4.1 tons)
  6. Poland (3.0 tons)

Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Ukraine

In 2022, overseas shipments of hop cones; ground, powdered or in the form of pellets; lupulin decreased by -64.7% to 45 tons, falling for the second consecutive year after two years of growth. In general, exports showed a sharp reduction. The growth pace was the most rapid in 2020 when exports increased by 12%. As a result, the exports reached the peak of 178 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of hop cones; ground, powdered or in the form of pellets; lupulin contracted sharply to $334K in 2022. Overall, exports saw a dramatic contraction. The most prominent rate of growth was recorded in 2020 with an increase of 30%. As a result, the exports attained the peak of $2.2M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Export of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Ukraine (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
PolandN/AN/AN/A2800%
Moldova51.913618.343.3-5.9%
CanadaN/AN/AN/A6.70%
Czech Republic255N/AN/A2.0-80.1%
Russia1,2481,347936N/A-13.4%
TurkmenistanN/A680N/AN/A0%
Belarus14145.5130N/A-4.0%
Others0.51.15.72.058.7%
Total1,6962,2091,090334-41.8%

Top Export Markets for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin from Ukraine in 2022:

  1. Poland (39.7 tons)
  2. Moldova (4.0 tons)
  3. Canada (1.1 tons)
  4. Czech Republic (0.2 tons)

Source: IndexBox Market Intelligence Platform

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