Price for Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in the United States - 2023
Contents:
- Price for Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in the United States (CIF) - 2022
- Price for Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in the United States (FOB) - 2023
- Imports of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in the United States
- Exports of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in the United States
Price for Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in the United States (CIF) - 2022
The average import price for hop cones; neither ground nor powdered nor in the form of pelletses stood at $14,499 per ton in 2022, falling by -4.5% against the previous year. Overall, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for hop cones; neither ground nor powdered nor in the form of pelletses increased by +69.0% against 2016 indices. The most prominent rate of growth was recorded in 2020 an increase of 25%. The import price peaked at $15,176 per ton in 2021, and then reduced in the following year.
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 New Zealand ($18,753 per ton), while the price for Germany ($11,717 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in the United States (FOB) - 2023
The average export price for hop cones; neither ground nor powdered nor in the form of pelletses stood at $13,972 per ton in December 2023, declining by -28.3% against the previous month. Overall, the export price saw a perceptible downturn. The growth pace was the most rapid in June 2023 an increase of 63% against the previous month. As a result, the export price attained the peak level of $25,870 per ton. From July 2023 to December 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was China ($26,980 per ton), while the average price for exports to Belgium ($9,432 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in the United States
Imports of hop cones; neither ground nor powdered nor in the form of pelletses into the United States skyrocketed to 961 tons in 2022, picking up by 24% compared with 2021. Over the period under review, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +28.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +111.5% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 71%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of hop cones; neither ground nor powdered nor in the form of pelletses soared to $14M in 2022. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 114%. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 0.8 | 4.9 | 7.6 | 6.9 | 105.1% |
| Germany | 2.9 | 4.0 | 3.2 | 5.6 | 24.5% |
| United Kingdom | 0.6 | 0.8 | 0.4 | 0.9 | 14.5% |
| Czech Republic | 0.2 | 0.6 | 0.5 | 0.3 | 14.5% |
| Others | 0.5 | 0.3 | 0.2 | 0.2 | -26.3% |
| Total | 5.0 | 10.6 | 11.8 | 13.9 | 40.6% |
Top Suppliers of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets to the United States in 2022:
- Germany (476.3 tons)
- New Zealand (370.5 tons)
- United Kingdom (71.8 tons)
- Czech Republic (18.4 tons)
Exports of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in the United States
In 2022, approx. 613 tons of hop cones; neither ground nor powdered nor in the form of pelletses were exported from the United States; shrinking by -11.8% on 2021. Overall, exports continue to indicate a deep contraction. The smallest decline of -8.9% was in 2021.
In value terms, exports of hop cones; neither ground nor powdered nor in the form of pelletses shrank to $9.8M in 2022. In general, exports continue to indicate a deep reduction.
| Export of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 10.5 | 6.4 | 4.6 | 3.0 | -34.1% |
| Belgium | 0.9 | 0.2 | 1.3 | 2.4 | 38.7% |
| Netherlands | N/A | 0.4 | 1.5 | 1.6 | 100.0% |
| Germany | 2.1 | 1.1 | 0.1 | 1.6 | -8.7% |
| Canada | 0.8 | 1.7 | 0.3 | 0.6 | -9.1% |
| Japan | 0.2 | 0.1 | 0.2 | 0.4 | 26.0% |
| South Korea | N/A | N/A | N/A | 0.1 | 0% |
| Brazil | 0.2 | N/A | 1.5 | N/A | 173.9% |
| Others | 0.5 | 1.5 | 0.7 | 0.2 | -26.3% |
| Total | 15.4 | 11.3 | 10.2 | 9.8 | -14.0% |
Top Export Markets for Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets from the United States in 2022:
- United Kingdom (187.5 tons)
- Belgium (152.9 tons)
- Netherlands (93.9 tons)
- Germany (82.5 tons)
- Canada (57.4 tons)
- Japan (17.5 tons)
- South Korea (9.8 tons)
- Brazil (0.5 tons)
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