Price for Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Ghana - 2022

Contents:

  1. Price for Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Ghana (CIF) - 2022
  2. Imports of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Ghana

Price for Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Ghana (CIF) - 2022

The average import price for hop cones; neither ground nor powdered nor in the form of pelletses stood at $4,515 per ton in 2022, with an increase of 8.1% against the previous year. In general, the import price, however, continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2015 when the average import price increased by 42% against the previous year. As a result, import price attained the peak level of $23,235 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($24,593 per ton), while the price for South Africa ($911 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+14.9%), while the prices for the other major suppliers experienced a decline.

Imports of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Ghana

In 2022, after three years of growth, there was significant decline in supplies from abroad of hop cones; neither ground nor powdered nor in the form of pelletses, when their volume decreased by -5.8% to 4.2 tons. The total import volume increased at an average annual rate of +7.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 16% against the previous year.

In value terms, imports of hop cones; neither ground nor powdered nor in the form of pelletses rose to $19K in 2022. In general, imports showed a mild setback.

Import of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Ghana (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany10.810.710.510.90.3%
United States4.74.64.54.6-0.7%
United Kingdom4.33.83.43.2-9.4%
South Africa0.20.10.10.1-20.6%
OthersN/AN/AN/AN/A0%
Total20.019.318.618.9-1.9%

Top Suppliers of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets to Ghana in 2022:

  1. Germany (3.7 tons)
  2. United States (0.2 tons)
  3. United Kingdom (0.2 tons)
  4. South Africa (0.1 tons)

Source: IndexBox Market Intelligence Platform

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