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

Contents:

  1. Price for Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Uganda (CIF) - 2022
  2. Price for Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Uganda (FOB) - 2022
  3. Imports of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Uganda
  4. Exports of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Uganda

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

In 2022, the average import price for hop cones; neither ground nor powdered nor in the form of pelletses amounted to $3,668 per ton, approximately reflecting the previous year. Over the period under review, the import price, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when the average import price increased by 34% against the previous year. The import price peaked at $13,340 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($4,807 per ton), while the price for Kenya stood at $296 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-9.8%).

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

In 2022, the average export price for hop cones; neither ground nor powdered nor in the form of pelletses amounted to $1,053 per ton, growing by 5.5% against the previous year. In general, the export price, however, faced a sharp decrease. The growth pace was the most rapid in 2013 when the average export price increased by 24%. As a result, the export price reached the peak level of $12,977 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Kenya.

From 2012 to 2022, the rate of growth in terms of prices for Kenya amounted to -20.5% per year.

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

After three years of growth, purchases abroad of hop cones; neither ground nor powdered nor in the form of pelletses decreased by -7% to 602 kg in 2022. The total import volume increased at an average annual rate of +8.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 19%.

In value terms, imports of hop cones; neither ground nor powdered nor in the form of pelletses declined to $2.2K in 2022. The total import value increased at an average annual rate of +7.3% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 16%.

Import of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Uganda (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany1.82.02.32.26.9%
KenyaN/AN/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total1.82.12.32.26.9%

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

  1. Germany (450.0 kg)
  2. Kenya (152.0 kg)

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

In 2022, shipments abroad of hop cones; neither ground nor powdered nor in the form of pelletses decreased by -8.4% to 1.4 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +9.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 20% against the previous year. As a result, the exports reached the peak of 1.5 tons, and then declined in the following year.

In value terms, exports of hop cones; neither ground nor powdered nor in the form of pelletses declined to $1.4K in 2022. The total export value increased at an average annual rate of +3.5% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 7.2% against the previous year.

Export of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Uganda (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Kenya1.31.41.51.42.5%
OthersN/AN/AN/AN/A0%
Total1.31.41.51.42.5%

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

  1. Kenya (1.4 tons)

Source: IndexBox Market Intelligence Platform

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