Price for Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Serbia - 2023

Contents:

  1. Price for Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Serbia (FOB) - 2022
  2. Exports of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Serbia

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

The average export price for hop cones; neither ground nor powdered nor in the form of pelletses stood at $3,864 per ton in 2022, with an increase of 1.6% against the previous year. Over the period under review, the export price, however, showed a mild downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 858% against the previous year. As a result, the export price attained the peak level of $8,159 per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($5,226 per ton), while the average price for exports to Germany totaled $3,558 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+26.4%), while the prices for the other major destinations experienced mixed trend patterns.

Exports of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Serbia

In 2022, overseas shipments of hop cones; neither ground nor powdered nor in the form of pelletses decreased by -45.4% to 10 tons, falling for the second year in a row after two years of growth. Overall, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 1,581% against the previous year. As a result, the exports attained the peak of 27 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of hop cones; neither ground nor powdered nor in the form of pelletses contracted dramatically to $40K in 2022. In general, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 873%. As a result, the exports reached the peak of $84K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Export of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany0.922.134.930.0221.8%
Italy7.710.0N/A9.98.7%
SloveniaN/A9.2N/AN/A0%
PolandN/A41.933.2N/A-20.8%
OthersN/A0.53.7N/A640.0%
Total8.683.671.739.866.6%

Top Export Markets for Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets from Serbia in 2022:

  1. Germany (8.4 tons)
  2. Italy (1.9 tons)

Source: IndexBox Market Intelligence Platform

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