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

Contents:

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

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

The average import price for hop cones; neither ground nor powdered nor in the form of pelletses stood at $24,688 per ton in 2022, falling by -34.7% against the previous year. In general, the import price, however, enjoyed buoyant growth. The growth pace was the most rapid in 2020 when the average import price increased by 92% against the previous year. As a result, import price attained the peak level of $65,745 per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +7.9% per year.

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

For the fourth consecutive year, the Dominican Republic recorded growth in overseas purchases of hop cones; neither ground nor powdered nor in the form of pelletses, which increased by 19% to 80 kg in 2022. Overall, imports showed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 47%. Over the period under review, imports of hop cones; neither ground nor powdered nor in form of pelletses attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of hop cones; neither ground nor powdered nor in the form of pelletses fell markedly to $2K in 2022. Over the period under review, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 182% against the previous year. As a result, imports reached the peak of $3.1K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in the Dominican Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States1.13.10.22.022.1%
CanadaN/AN/A2.4N/A0%
OthersN/AN/AN/AN/A0%
Total1.13.12.52.022.1%

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

  1. United States (80.0 kg)

Source: IndexBox Market Intelligence Platform

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