Price for Vegetable Saps and Extracts; of Hops in Canada - 2024

Contents:

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

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

In 2022, the average import price for vegetable saps and extracts; of hopses amounted to $23,239 per ton, declining by -10.8% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 an increase of 63% against the previous year. Over the period under review, average import prices attained the maximum at $26,065 per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($53,991 per ton), while the price for Germany ($3,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.7%), while the prices for the other major suppliers experienced a decline.

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

The average export price for vegetable saps and extracts; of hopses stood at $2,708 per ton in 2022, waning by -92.3% against the previous year. Over the period under review, the export price faced a abrupt decrease. The pace of growth was the most pronounced in 2019 an increase of 607%. The export price peaked at $49,492 per ton in 2020; however, from 2021 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 Japan.

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +0.3% per year.

Imports of Vegetable Saps and Extracts; of Hops in Canada

In 2022, the amount of vegetable saps and extracts; of hopses imported into Canada fell rapidly to 72 tons, declining by -15.5% on the previous year's figure. In general, imports saw a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year.

In value terms, imports of vegetable saps and extracts; of hopses reduced notably to $1.7M in 2022. Overall, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 18% against the previous year. As a result, imports attained the peak of $2.2M, and then contracted notably in the following year.

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

1. United States (69.2 tons)
2. United Kingdom (3.0 tons)

Exports of Vegetable Saps and Extracts; of Hops in Canada

In 2022, overseas shipments of vegetable saps and extracts; of hopses were finally on the rise to reach 47 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports posted a significant expansion. As a result, the exports reached 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 $128K in 2022. Overall, exports, however, showed a abrupt curtailment.

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

1. Japan (47.1 tons)

Source: IndexBox Market Intelligence Platform