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

Contents:

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

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

In 2022, the average import price for hop cones; neither ground nor powdered nor in the form of pelletses amounted to $24,250 per ton, which is down by -45.4% against the previous year. In general, the import price showed a noticeable downturn. The growth pace was the most rapid in 2021 an increase of 187% against the previous year. As a result, import price attained the peak level of $44,444 per ton, and then reduced notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($38,810 per ton), while the price for Germany ($19,918 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, after two years of decline, there was significant growth in supplies from abroad of hop cones; neither ground nor powdered nor in the form of pelletses, when their volume increased by 967% to 96 kg. Overall, imports, however, recorded a sharp setback.

In value terms, imports of hop cones; neither ground nor powdered nor in the form of pelletses surged to $2.3K in 2022. In general, imports, however, recorded a dramatic decrease.

Import of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in South Korea (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
GermanyN/AN/AN/A1.50%
United States6.60.20.20.8-50.5%
China0.1N/AN/A0.10.0%
FranceN/A0.2N/AN/A0%
NetherlandsN/AN/AN/AN/A0%
OthersN/AN/A0.2N/A0%
Total6.70.50.42.3-30.0%

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

  1. Germany (73.0 kg)
  2. United States (21.0 kg)
  3. China (2.0 kg)

Source: IndexBox Market Intelligence Platform

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