Price for Vegetable Saps and Extracts; of Hops in Belarus - 2022

Contents:

1. Price for Vegetable Saps and Extracts; of Hops in Belarus (CIF) - 2022
2. Price for Vegetable Saps and Extracts; of Hops in Belarus (FOB) - 2022
3. Imports of Vegetable Saps and Extracts; of Hops in Belarus
4. Exports of Vegetable Saps and Extracts; of Hops in Belarus

Price for Vegetable Saps and Extracts; of Hops in Belarus (CIF) - 2022

The average import price for vegetable saps and extracts; of hopses stood at $29,334 per ton in 2022, picking up by 24% against the previous year. In general, the import price, however, saw a perceptible decrease. The growth pace was the most rapid in 2021 when the average import price increased by 31%. The import price peaked at $42,790 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Belgium ($78,916 per ton), while the price for the UK ($24,755 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Vegetable Saps and Extracts; of Hops in Belarus (FOB) - 2022

In 2022, the average export price for vegetable saps and extracts; of hopses amounted to $6,410 per ton, picking up by 35% against the previous year. Over the period under review, the export price, however, faced a sharp decline. The pace of growth was the most pronounced in 2014 when the average export price increased by 1,843%. Over the period under review, the average export prices hit record highs at $152,885 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +5.4% per year.

Imports of Vegetable Saps and Extracts; of Hops in Belarus

In 2022, the amount of vegetable saps and extracts; of hopses imported into Belarus skyrocketed to 78 tons, growing by 63% on the previous year. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +12.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -4.6% against 2020 indices.

In value terms, imports of vegetable saps and extracts; of hopses surged to $2.3M in 2022. Overall, imports saw strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Vegetable Saps and Extracts; of Hops to Belarus in 2022:

1. Germany (50.2 tons)
2. United Kingdom (14.3 tons)
3. United States (11.7 tons)
4. Russia (1.2 tons)

Exports of Vegetable Saps and Extracts; of Hops in Belarus

In 2022, exports of vegetable saps and extracts; of hopses from Belarus soared to 69 tons, growing by 441% on the year before. Over the period under review, exports posted a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of vegetable saps and extracts; of hopses soared to $441K in 2022. In general, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Vegetable Saps and Extracts; of Hops from Belarus in 2022:

1. Russia (68.8 tons)

Source: IndexBox Market Intelligence Platform