Price for Vegetable Saps and Extracts; of Hops in Bulgaria - 2023

Contents:

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

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

The average import price for vegetable saps and extracts; of hopses stood at $5,614 per ton in 2022, with a decrease of -62.8% against the previous year. Over the period under review, the import price showed a sharp decrease. The most prominent rate of growth was recorded in 2018 when the average import price increased by 61%. Over the period under review, average import prices attained the maximum at $54,840 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 Belgium ($28,281 per ton), while the price for France ($2,797 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-4.1%), while the prices for the other major suppliers experienced a decline.

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

The average export price for vegetable saps and extracts; of hopses stood at $19,809 per ton in 2022, with a decrease of -6.9% against the previous year. Over the period under review, the export price, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2016 when the average export price increased by 459%. The export price peaked at $33,330 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($20,183 per ton), while the average price for exports to Finland totaled $15,359 per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+20.5%).

Imports of Vegetable Saps and Extracts; of Hops in Bulgaria

In 2022, imports of vegetable saps and extracts; of hopses into Bulgaria surged to 144 tons, rising by 143% compared with the year before. In general, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of vegetable saps and extracts; of hopses dropped to $807K in 2022. Over the period under review, imports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2020 when imports increased by 19%. As a result, imports attained the peak of $1.2M. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. France (100.8 tons)
2. Germany (42.1 tons)

Exports of Vegetable Saps and Extracts; of Hops in Bulgaria

After two years of growth, shipments abroad of vegetable saps and extracts; of hopses decreased by -85.6% to 503 kg in 2022. In general, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 2,592%. As a result, the exports attained the peak of 3.5 tons, and then declined notably in the following year.

In value terms, exports of vegetable saps and extracts; of hopses declined remarkably to $10K in 2022. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 2,395% against the previous year. As a result, the exports reached the peak of $74K, and then fell significantly in the following year.

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

1. Netherlands (464.0 kg)
2. Finland (39.0 kg)

Source: IndexBox Market Intelligence Platform